FloQast relies on the Accounting Periods that you set up in NetSuite. These Accounting Periods align with the monthly periods in FloQast to ensure the correct balances are displayed.
A NetSuite Admin needs to manually create the Accounting Periods for the next Fiscal Year. To ensure that there is no interruption in your FloQast:NetSuite sync, we highly recommend setting these Accounting Periods up prior to the start of the fiscal year! If you are unsure if they are set up, you can follow Step 1 to check. If you find that they are not created, please follow Step 2 and Step 3 to create them in NetSuite.
To create Accounting Periods for the next year, click:
1. Setup -> Accounting -> Manage Accounting Periods
You will see a list of your Accounting Periods, likely displayed as Fiscal Years.
2. Click: Set Up Full Year
The "First Fiscal Month" and "Period Format" should default to your normal FY settings, but please ensure that they are accurate.
3. Edit the "Fiscal Year End" to the next Fiscal Year -> hit Save