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 changed the Retained Earnings account in NetSuite, add the Retained Earnings values manually in Planning and Budgeting by using the adjustment tracker. This helps keep the Balance Sheet data consistent between Planning and Budgeting and NetSuite.

Note:

Complete this task only if any values in the last row (called Balance Sheet) of the Balance Sheet Report aren't 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 adjustment year.

    • Period: The adjustment period.

    • Subsidiary: The adjustment subsidiary.

    • Currency: The currency that you adjusted Retained Earnings to.

    • Scenario: Actual.

    • Relationship: No Relationship.

    • Item: No Item.

    • Department: No Department.

    • Location: No Location.

    • Class: No Class.

    • Tracker: Balance Sheet Adjustments.

General Notices