Distribution ERP Software Resources

The clearing entry enables you to zero out the balance in one account and put the balance in another account in one step. Without a clearing entry, you could create a journal entry manually. With the clearing entry, you can tell it to get the period balance or YTD balance so you don't have to go find the amount and enter it in a journal entry.

Are you receiving some error response?, because this is the best process, utilice Internal ids. Other question did you create the field for category?

Hi Mihail, Here are more details on how to use NetSuite for revenue recognition: https://www.netsuite.com/portal/products/erp/financial-management/revenue-management.shtml You can also use NetSuite for recurring revenue management if that applies to your business - here's more info: https://www.netsuite.com/portal/products/erp/financial-management/revenue-management/recurring-revenue-management.shtml I hope this helps, Gabriel ERP Principal Analyst @ G2