Revenue and Expense Management

Note:

Please contact your sales or account representative to find out how to get the Full Multi-Book Accounting feature. The assistance of NetSuite Professional Services or a Multi-Book authorized partner is required to implement this feature. You should consider contacting NetSuite Professional Services or a Multi-Book authorized partner for assistance in setting up the Adjustment-Only Books feature, even though it is not required.

Important:

Multi-Book Accounting, including the Adjustment-Only Books feature, is available only in NetSuite OneWorld.

Revenue recognition and expense amortization often require different rules for different countries and industries. When Revenue and Expense Management is enabled, all revenue recognition and expense amortization features become book-specific.

Note:

You can clear the Revenue and Expense Management box on the Enable Features page if all of the following conditions exist. 1) There are no items with different revenue recognition or amortization template or rule in the primary and secondary book. 2) There are no transactions in the secondary accounting books. In addition, if you are using Advanced Revenue Management (Essentials), verify that the status of the Create Revenue Plans On field is the same in the secondary book as in primary book. 3) There are no book-specific Revenue Commitments and Revenue Commitment Reversals for the primary accounting book.

To enable this feature, follow the instructions in Enabling Multi-Book Accounting Features.

See the following help topics for details:

• Advanced Revenue Management and Multi-Book Accounting

• Revenue Allocation in Multi-Book Accounting

• Revenue Commitments in Multi-Book Accounting

• Revenue Recognition Schedules in Multi-Book Accounting

• Expense Amortization Schedules in Multi-Book Accounting

When Chart of Accounts Mapping and Revenue and Expense Management are both enabled, the account source for mapping revenue recognition and expense amortization transactions may be either the item or the transaction form. For more information, see Revenue Recognition and Expense Amortization with Chart of Accounts Mapping.

Related Topics:

• Planning for Multi-Book Accounting
• Adding Accounting Books
• Adding a New Subsidiary to an Active Book
• Roles and Data Access for Multi-Book Accounting
• Chart of Accounts Mapping
• Accounting Book Period Close Management
• Foreign Currency Management
• Reports, KPIs, and Saved Searches in Multi-Book Accounting
• Book-Generic and Book-Specific Records
• Using Multi-Book Accounting

General Notices