Workflow for Balancing Segments

After you have set up the Balancing Segments feature, the typical workflow is as follows:

1. Enter transactions in NetSuite, selecting segment values in the transaction header and lines as appropriate. Segment fields that are not mandatory can be left empty. These transactions are your source transactions for the next step. See Adding a Balancing Segment Value to a Transaction.

2. At period end, run the Balancing by Segments process to generate journal entries that balance your source transactions by segment and by subsidiary. See Balancing Transactions by Segment.

   Note:

   You can run the Balancing by Segments process any time, not only at period end.

3. (Optional) Review balancing journal entries.

4. (Optional) Run financial statements with the balancing segment as the Column value. See Reports That Display Balanced Segments.

Related Topics

Balancing Segments and Journals

Setup for Balancing Segments

Adding a Balancing Segment Value to a Transaction

Balancing Transactions by Segment

Viewing Balancing Journals

Deleting Balancing Journals

Transactions Balanced by Segments

Reports That Display Balanced Segments

General Notices