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, then add the values for Retained Earnings manually in Planning and Budgeting by using the adjustment tracker. This helps prevent any variance with the Balance Sheet data in Planning and Budgeting when you compare it with NetSuite.

Note:

Complete this task only if any of the values in the last row of the Balance Sheet Report form 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