How To Close an Accounting Period in NetSuite?

Ron Danenberg02:46

NetSuite Training Summary

The video features Ron from Kolleno demonstrating how to close an accounting period in NetSuite. He starts by navigating to the “Manage Accounting Periods” section to select an accounting period for closure.

Ron highlights the importance of ensuring the previous period is closed, using a demo account to show the process. He explains locking transactions, selecting subsidiaries, and resolving mismatches and negative inventory issues.

Emphasizing accuracy and compliance, Ron advises reviewing data carefully before completing tasks. The tutorial is a concise guide for correctly closing accounting periods in NetSuite.