BudgetAccountNetIncome Function

Definition

The BudgetAccountNetIncome function returns the total budget account balance for all transactions under the umbrella of Income, Cost of Goods Sold, Expense, Other Income and Other Expense. Unlike GLAccountNetIncome, the BudgetAccountNetIncome doesn't utilize debit and credit accounts so the total Net Income here is calculated by summarizing Income and Other Income and then subtracting Cost of Goods Sold, Expense and Other Expense.

Function Arguments

Argument Name	Input Information	Required
Subsidiary	Subsidiary Name	No
Fiscal Year	Fiscal Year in the format specified in NetSuite	Yes
Period	Period Number (ex: 1 for January)	Yes
Period Range	Valid values include ITD, YTD, RTD, QTD, PTD, TTD	Yes
Budget Category	Budget Category	Yes
Book	Book Number. Default is 1 if omitted.	No
Item	Item ID	No
Class	Classification Name	No
Department	Department Name	No
Location	Location Name	No
Entity	Entity Name	No
Reserved	Reserved (ignored)	No

Remarks

While very similar in inputs to the other balance functions, the Net Income functions do not require an account number input as they are consolidating transactions from many accounts.

Example

Let's say you are creating an income statement and would like to see the Budget Account Net Income for your subsidiary for the last period of Fiscal Year 2024. You can use a GLAccountNetIncome function to create this.

1. Have your primary required parameters already in cells at the top of your report.
2. Select Finsyte Functions > GLAccountNetIncome
3. Fill in the required input parameters
   1. 
4. See the account balance returned.
   1. 

Note: The BudgetAccountNetIncome function function has the right-click ability to go to the budget inside of NetSuite. Review the Go To Budget feature for more information.