1. NetSuite Enterprise Performance Management
  2. NetSuite Planning and Budgeting
  3. Planning and Budgeting Financials
  4. Planning and Budgeting Financials Administrator Guide
  5. Setup Tasks for Administrators Guidelines
  6. Data Verification Tasks
  7. Reviewing and Entering Retained Earnings Adjustments

Reviewing and Entering Retained Earnings Adjustments

If you modified the Retained Earnings account in NetSuite, then add the values for Retained Earnings manually in Planning and Budgeting in the adjustment tracker. This prevents any variance with the data of the Balance Sheet in Planning and Budgeting when you compare the data against NetSuite.

Note:

Perform this task only if any of the values in the last row of the Balance Sheet Report form do not equal zero.

To review and enter values for Retained Earnings adjustments:

  1. Open Smart View.

  2. Set the POV for your Balance Sheet to the Period and Version where you need to make adjustments.

  3. Enter the following values for the members:

    • Account: Balance Sheet.

    • Year: The the adjustment year.

    • Period: The adjustment period.

    • Subsidiary: The adjustment subsidiary.

    • Currency: The currency that the Retained Earnings has been adjusted to.

    • Scenario: Actual.

    • Relationship: No Relationship.

    • Item: No Item.

    • Department: No Department.

    • Location: No Location.

    • Class: No Class.

    • Tracker: Balance Sheet Adjustments.

General Notices