When creating a NetSuite Formula field for a report, saved search, or a SuiteAnalytics report you will at some point need to create a field that returns a boolean value.
In NetSuite, the formula fields use a different value than true or false or 1 or 0. Instead of returning true or false or 1 or 0, you must return ‘T’ or ‘F’.
T = true
F = false