Accounting

NetSuite 2024.1 includes the following enhancements to accounting features:

• Revenue Recognition Field Mapping Enhancements

• Searching for Deleted Budgets

• Approval Information Enhancements

• Advanced Localization Enhancements

• Transaction Line Distribution Enhancements

• Fixed Assets Management Enhancements

• Benchmark 360 SuiteApp Now Available in the SuiteApp Marketplace

• Australia Bank Feeds Enhancements

• Brazil Localization Enhancements

• China Localization Update

• GL Matching Update

• India Localization Enhancements

• Japan Electronic Bookkeeping Act

• Japan Financial Statements Enhancements

• Japan Localization Enhancements

• Singapore PEPPOL-Ready e-Invoicing Enhancements

Revenue Recognition Field Mapping Enhancements

This release includes the following enhancements to the revenue recognition field mapping functionality:

• A new record page named Revenue Recognition Field Map lets you create map records that are tracked with system notes. Previously, all field maps were created from the Revenue Recognition Field Mapping page.

• A new list page named Revenue Recognition Field Mapping contains all the field maps and their relevant details. You can view each revenue recognition field map record directly from the Revenue Recognition Field Mapping page. You can also open and edit each revenue recognition field map from this page.

• The optional field, Transaction Type, was added to the Revenue Recognition Field Map page. This field lets you specify the type of transaction the mapping is applied to. Previously, mappings were applied to all transaction types that contained the selected source field.

• The optional field, Custom Form, was added to the Revenue Recognition field Map page. This field lets you specify the custom form you want to create the mapping from based on the selected transaction type.

• The optional fields, Start Date and End Date, were added to the Revenue Recognition Field Map page. These fields can be used to configure mappings within a specific date range. When the current date is outside of the specified date range, the mapping becomes invalid.

• The available Source Field values depend on the selected Source Record Type, Transaction Type, and Custom Form combination.

• The Automatically Update Target Field Value box was added to the Revenue Recognition Field Map page. This box lets you specify if the target field value automatically updates upon changing the source field value and updating the revenue arrangement. Previously, source field changes had to be manually updated on the target field in the revenue arrangement.

• Different data types can be mapped to each other. For example, a Decimal Number source field type can be mapped to a Percent target field type. For more information, see Cross-Data Type Field Mappings for Revenue Recognition.

• You can import and export revenue recognition field maps using CSV files. For more information, see Revenue Recognition Field Map Import.

This functionality is only available if the Advanced Revenue Management (Essentials) feature is enabled. For more information, see Enabling the Advanced Revenue Management (Essentials) Feature.

For more information about these enhancements, see Mapping Revenue Recognition Fields.

Searching for Deleted Budgets

You can now see your deleted budgets using the Deleted Record root record type in SuiteAnalytics. Previously, deleted budgets did not appear when searching for deleted records using SuiteAnalytics Workbook.

For more information about searching for deleted records, see Searching for Deleted Records. For more information about budgets, see Budgets in NetSuite.

General Notices