Merging Accounts in NetSuite

Ron Danenberg0 mins

🚨 Problem: Need to merge accounts in NetSuite? 🚨

This tutorial will guide you step-by-step on how to merge accounts in NetSuite to keep your financial records accurate and consolidated! 📊✨

Step-by-Step Guide 📋💡

  1. Navigate to Chart of Accounts
    • Go to Lists > Accounting > Accounts. 🔧📈
  2. Choose the Account to Merge
    • Select the account you want to merge and click the Edit button. ✏️🖱️
  3. Initiate the Merge
    • From the Actions dropdown menu, choose Merge. 🔄⚙️
  4. Select the Target Account
    • On the merge page, select the account into which you want to merge.
    • This is in the Merge Into dropdown.
    • Only similar account types will appear in the dropdown. 📋🆔
  5. Save and Confirm
    • Once you’re ready, click Save.
    • You’ll be prompted to confirm the merge, so click OK to proceed. 💾✅
  6. Important Considerations ⚠️
    • Reconciliation: Merging bank or credit card accounts automatically unreconciles the transactions in the source account. Make sure to reconcile them afterward. 💳🔄
    • Account Restrictions: You cannot merge summary accounts or specific account types like Accounts Payable, Accounts Receivable, Inventory Asset, etc. 🚫📑

🎉 Congratulations! You’ve successfully merged accounts in NetSuite! 🎉

If you found this tutorial helpful, please subscribe to this channel for more tips and tutorials. Visit www.KOLLENO.com for more tools to enhance your accounting processes! 🎥✨

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