With every new NetSuite implementation, there is a decision to make with what to do with historical data. Should you import just the month-end trial balances, or bring in all the individual transactions? Cleanest and most common choice is to bring in monthly trial balances. Though not impossible, it is a heavy lift to properly bring in the transactions into NetSuite.  

Tags: NetSuite, ERP, NetSuite Partner, NetSuite How To's, Accounting, NetSuite Tips, Financial, NetSuite Integrations, NetSuite Administrator, data, Netsuite Language, Netsuite ERP, Netsuite Updates, History Record, NetSuite Features, NetSuite Support

With the new Spring 2024 NetSuite Release, there are 3 new enhancements to the FAM module. Here’s a summary of what’s to come:

Tags: NetSuite, ERP, Project Management, NetSuite Partner, NetSuite How To's, Accounting, NetSuite Tips, NetSuite Integrations, NetSuite Administrator, Netsuite ERP, Netsuite Updates, NetSuite Features, NetSuite Support, Return Costings, Item Returns

New to NetSuite Workflows? These powerful tools automate processes, ranging from simple to complex.

Let's walk through a basic introduction: Imagine you want a field to automatically update based on a transaction's status. In this example, we'll set a checkbox to true when a Sales Order reaches a specific stage.

Tags: NetSuite, ERP, Project Management, NetSuite Partner, NetSuite How To's, Accounting, NetSuite Tips, NetSuite Integrations, NetSuite Administrator, Customize, Inventory Costing, Netsuite ERP, Pricing Groups, Group Pricing, Netsuite Updates, NetSuite Features, NetSuite Support, COGS, Costing, Customer Returns, Return Costings, Item Returns

If you are gearing up for a NetSuite implementation or considering the integration of any ERP system, a crucial aspect to address upfront is the timeline. Experienced implementers possess the insight to determine an optimal go-live date based on a comprehensive understanding of your requirements. Whether you set the date or it is provided by the implementer, it's essential to anticipate common situations that can potentially derail the project. Unfortunately, those new to implementations often overlook planning for these scenarios.

Here are some key considerations to factor into your implementation plan:

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite How To's, NetSuite Tips, NetSuite Integrations, NetSuite Administrator, Project Time Entry, Project, Netsuite ERP, Project Managing, Netsuite Updates, NetSuite Features

The Bank Feeds SuiteApp makes the process of transferring your bank data into NetSuite a breeze. By leveraging the Financial Institution Connectivity Plug-In and partnering with an authorized account information service provider, this application ensures secure access to your online financial institution data.

Tags: NetSuite, ERP, Reporting, NetSuite How To's, NetSuite Tips, Bank Account, NetSuite Administrator, Bank Statements, Netsuite ERP, Netsuite Updates, SuiteApp, Bank Feeds

NetSuite's Fixed Asset Management SuiteApp incorporates the Lease Accounting feature, aligning with the IFRS 16 and ASC 842 standards for lease compliance. These regulations mandate that lessees include almost all leases on their balance sheet, a change implemented from January 1, 2019 onwards.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, NetSuite Administrator, Fixed Asset, Troubleshoot, Fixed Asset Management, Netsuite ERP, Netsuite Updates, Lease, Lease Payments

You're almost ready to take the exciting leap into your new NetSuite implementation, but before you do, it's crucial to get a handle on open balances and transactions. So, what exactly are open balances and transactions?

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, NetSuite Administrator, data, Go Live, Open Balance Upload, Open Transaction Upload, Netsuite ERP, Netsuite Updates, Shortcuts

We find ourselves in the midst of an implementation process, and the timing of the upcoming NetSuite release updates couldn't be more inconvenient. It's right in the heart of our user acceptance testing phase, which not only poses a risk of disrupting our testing but also threatens to delay our go-live plans. Historically, unless you were subscribed to premium support, you had no choice but to adhere to the assigned release update schedule. However, if your system is running on the OCI database structure, you now have the flexibility to reschedule these release dates to better suit your needs.

Tags: NetSuite, NetSuite How To's, NetSuite Tips, NetSuite Administrator, Netsuite ERP, Netsuite Updates, Changing Schedules, Request Different Dates, OCI Database

What is a SOC report? SOC stands for service organization controls. Oracle NetSuite's SOC II is a type II report which means it covers both design and operating effectiveness, are prepared and audited by independent third-party auditors and covers controls on security, availability, and confidentiality.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Shipping, compliance, SOC

Is your standard cost processing stuck? Are your costs on your balance sheets not what you expect?  If you have standard cost, most likely the culprit is your cost calculation is stuck. Here are some ways you can troubleshoot or diagnose the status of your standard cost calculations. 

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Troubleshoot, Errors, Standard Cost, Not Calculating