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🚨 How to Set Preferences for Class, Department, and Location in Journal Entries in NetSuite 🚨
This tutorial will guide you through configuring preferences for managing class, department, and location classifications in journal entries in NetSuite.
Step-by-Step Guide 📋
1. Navigate to Accounting Preferences 🛠️
- Go to Setup > Accounting > Accounting Preferences.
- Open the General Subtab to access classification options.
2. Enable Line-Level Classification 📝
- Check Always Allow Per Line Classification on Journals:
- Enables entering Classes, Departments, and Locations on individual journal entry line items.
3. Allow Non-Balancing Classifications 🚨
- Check Allow Non-Balancing Classifications on Journals:
- Allows journal entries with line items that lack Class, Department, or Location, even if they are mandatory on other forms.
4. Enable Empty Classifications (Optional) ⚙️
- If you have enabled the Inter-Company Time and Expense feature and require mandatory classifications, enable Allow Empty Classifications on Journals:
- This allows line items to be processed even if classifications are empty.
5. Key Notes 📝
- Per Line Classification ensures detailed tracking for journal entries.
- Non-Balancing Classifications provide flexibility in cases where line items lack specific classifications.
- Use Empty Classifications for inter-company transactions to accommodate mandatory settings.
Congratulations! 🎊 You’ve successfully set preferences for class, department, and location in journal entries in NetSuite. 🌟🎉
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