Custom Segments in Automatically-Generated Journals
Custom segments can be included in a variety of automatically-generated journals in NetSuite, such as those related to revenue recognition, amortization, and reclassifications. When enabled, these custom segment values help ensure that your financial reports reflect organizational dimensions and classifications consistently across all system-created journal entries. For overview information about configuring GL impact for a custom segment, see Configuring GL Impact for a Custom Segment Overview.
Custom segments are supported on automatically-generated journals that include classification, department, and location. The following automatically-generated journals include custom segments:
-
Advanced Revenue Recognition Journal
-
Amortization Journal
-
Bill Variances Journal (SCM)
-
Collect Tegata and Pay Tegata
-
Entity Open Balance Journal Entry
-
Intercompany Elimination Journal Entry
-
Offset Journal Entry (Absolute Balance Update)
-
Recognize Gift Certificate (SCIS)
-
Revaluation Journal (FX Revaluation)
-
Revenue Reclassification Journal
-
Revenue Recognition Journal Entry
-
Time Posting to Journal Entry (PSA)
-
Transactions created during historical transaction processing (HTP)
You can apply custom segments to revenue arrangement and revenue element records, which are part of the Advanced Revenue Management (Essentials) feature.
You can set GL impact only when creating a new custom segment. You can't change the GL impact option after saving the segment.
Examples
You enter a standard invoice or cash sale and set or source a GL segment value on the body, line, or both. The autogenerated COGS and revenue lines on the transaction have the same segment value.
You enter a sales order with the GL segment value on the item, and then you fulfill the item. The COGS line on the GL impact page gets the segment value from the item line. When you invoice the sales order later, the revenue line on the GL Impact gets the same segment value. Both COGS and revenue lines source the GL segment value from the sales order item line unless the user manually overwrites the values.
For more information, see GL Impact Page and Cost of Goods Sold (COGS) GL Impact.