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NetSuite 2020.1 & 2020.2 Release: Balancing Segments

Learn how to utilize the new NetSuite Balancing Segment capabilities from the 2020.1 and 2020.2 NetSuite releases. This feature proves helpful by allowing NetSuite to auto create a balancing journal to balance by segment, leveraging specific due to/due from accounts without affecting your general ledger. NetSuite Consultant April Wu discusses the 6-step process.
The new release(s) support balancing by other segments including:
  • Business Units
  • Funds
  • Product Lines
  • Service Lines

If your organization is looking for a new cloud-based ERP system, or you're curious about if NetSuite could be right for your org, we're here to answer any questions. Check out more information about NetSuite or reach out to us at [email protected] or 614-212-1111.