Setting Up New Tax Year

The following instructions outlined how to setup NetSuite for a New Tax Year creating Tax Periods and Accounting Periods.

Step-by-step guide

1. Login to NetSuite as Administrator and navigate to Setup > Accounting > Manage Accounting Period
   
   
   
   
   
2. Click on Setup Full Year

3. Enter Applicable year for Fiscal Year End and Save

4. Your Full Year Period will then display broken down by quarter as below

1. Login to NetSuite as Administrator and navigate to Setup > Accounting > Manage Tax Periods

2. Click on Setup Full Year

3. Enter applicable Year for Fiscal Year End and Save

4. Your Full Year Period will then display broken down by quarter as below

Related articles

• Page:
  Understanding Pay Run Posting Errors
• Page:
  Enabling 2 Factor Authentication
• Page:
  Setting Up New Tax Year