9 Release Notes 24.5.4
NetSuite for Government 24.5.4 Release Notes Hot Fix
Revision Date: June 12, 2024
Important:
This document summarizes the changes to NetSuite for Government between 24.5.4 and the previous release. These release notes are subject to change every week.
The 24.5.4 enhancements and changes listed in this document are not available to customers until they are upgraded to NetSuite for Government 24.5.4. Your access to these features and SuiteApps is subject to the terms of service in your NetSuite for Government contract.
Please also review the NetSuite general release notes for a comprehensive view of changes to the release. During this release period, NetSuite version 2024.1 is released. The general NetSuite release notes are accessible at this link:
https://docs-uat.us.oracle.com/en/cloud/saas/netsuite/ns-online-help/book_N3865324.html
NetSuite for Government Version 24.5.4 – Release Date June 12, 2024
- Encumbrance Carry Forward at Year-End:
- A purchasing Soft Year-end Close process for
encumbrance carry forward is now available to
provide business continuity for purchase orders.
This includes an interactive screen to selectively
roll forward purchase orders and their related
encumbrance, optionally create budgets for these
encumbrances and providing a detail report and
approval process for the year-end close. Complete
documentation for this process is available in
SuiteAnswers.
- Added the Purchase orders that are not closed or fully billed in the review sublist with their encumbrance summary information into the review sublist on the soft year end close page.
- Encumbrance Carry Forward displays all Purchase orders that are not closed or fully billed within the fiscal year being soft closed and have been marked as Ready to Carry Forward.
- Encumbrance Carry Forward now can Finish and Wait for approval which creates encumbrance and budget transactions and then waits for final approval.
- Encumbrance Carry Forward optionally creates budgets associated with the purchase orders which are selected to roll forward to the next fiscal year.
- Government Budget Adjustments will not validate Encumbrance Carry Forward Budgets for duplication, budget validation or checking on the account type.
- The NetSuite for Government system Setup now has Encumbrance settings to define Encumbrance Carry Forward options.
- The Encumbrance Detail by Reference report now includes the Encumbrance Type field, allowing specific encumbrances to be filtered out. This feature supports the Encumbrance Carry forward functionality by enabling the filtering of encumbrance carry forward reversal types used to close encumbrance from the previous year.
- Encumbrance Carry Forward ability to review purchase orders for year-end processing.
- Encumbrance Carry Forward ability to move items back from Carry Forward status to In Review.
- Encumbrance Carry Forward ability to Close the process.
- The soft year-end close process for purchase orders includes a Close tab, displaying any purchase orders closed in the current fiscal year, allowing them to be reopened if necessary.
- Encumbrance Carry Forward supports a reopen and redo the process for a soft year end closing.
- Encumbrance Carry Forward will produce a consolidated csv report to show all the carry forward encumbrance and budget totals and references.
- Encumbrance Carry Forward optionally creates Government Budget Adjustments during the year-end process. An option has been added to exclude Project or Grant budgets during the carry forward process.
- Encumbrance Carry Forward supports an approval process to track approval date and reference number.
- Created Encumbrance Roll Forward Transactions in the new fiscal year for outstanding purchase orders at year end via Map reduce Script.
- A purchasing Soft Year-end Close process for
encumbrance carry forward is now available to
provide business continuity for purchase orders.
This includes an interactive screen to selectively
roll forward purchase orders and their related
encumbrance, optionally create budgets for these
encumbrances and providing a detail report and
approval process for the year-end close. Complete
documentation for this process is available in
SuiteAnswers.
- Mass Close Purchase orders at Year-End:
- A time saving feature has been added to
provide the ability to close purchase orders in
bulk. Users can filter and select specific
purchase orders to initiate the close process and
once complete an email will be generated with the
results. This allows users to perform purchase
order maintenance and year-end processing with the
ability to close purchase orders in bulk to
prevent going into each order one by one to close.
Complete documentation for this process is
available in SuiteAnswers.
- Provided a page to allow the user to filter Open Purchase Orders and then selectively close them.
- Mass Close Purchase Orders has been added to the menu for the Administrator and Classic Accounting Centers.
- A time saving feature has been added to
provide the ability to close purchase orders in
bulk. Users can filter and select specific
purchase orders to initiate the close process and
once complete an email will be generated with the
results. This allows users to perform purchase
order maintenance and year-end processing with the
ability to close purchase orders in bulk to
prevent going into each order one by one to close.
Complete documentation for this process is
available in SuiteAnswers.
- Improves Transaction Page Load Performance. Elements of the page not required for immediate editing can be deferred.
- The Account screen now supports adding 1099 Reporting Codes to Fund Balance Account Types. Previously, this was limited to only Expenses and Liability Types.