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Sara Duong, Consultant

Sara Duong, Consultant
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Recent Posts

Accounting: Debits and Credits 101

Posted by Sara Duong, Consultant on Sep 14, 2021 4:06:23 PM

As a NetSuite User, Administrator or Implementor, you don’t have to be a professional accountant. However, knowing some basic concepts helps you understand how your department or function impacts the company’s financials. With some basic accounting knowledge, you can validate if the item or transaction is configured correctly, meaning is it hitting your financial statements the way that it should. For the non accountants, there are 2 accounting concepts that are helpful: a basic accounting equation that always have to balance plus the use of debits and credits.

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Tags: Project Management, NetSuite How To's

Intercompany: How to create a paired intercompany invoice and vendor bill

Posted by Sara Duong, Consultant on Jul 6, 2021 8:26:42 AM

How many times have you created an intercompany bill and lost track of if you created the corresponding intercompany invoice to offset? Or you are doing your audits and take forever to find the corresponding intercompany transaction?

 

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Tags: Project Management, NetSuite How To's

Month End Challenge: Expense Allocations

Posted by Sara Duong, Consultant on Jun 27, 2021 5:17:54 PM

A common headache for our Client's accounting departments month end process is expense allocations. It's often time consuming and having to remember or keep track of the allocation methodology used each time. NetSuite has an Advance Financial tool that does just that automatically.

 

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Tags: Project Management, NetSuite How To's

Non For Profit: SuiteKeys - Shortcut for Filling in Segmentations

Posted by Sara Duong, Consultant on Jun 3, 2021 4:40:11 PM

A challenge for Non For Profit NetSuite Clients are the numerous segmentations that can be applied in a transaction. A Donation, Pledge, or Grant record could require multiple segmentations to help the Client manage funds that are coming into the organizations; many funds have specific applications or restrictions on how it can be used. If used improperly, it can cause Client to lose the funds. SuiteKey is designed specifically to help the User more efficiently enter data on a transaction level.

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Tags: Project Management, NetSuite How To's

NetSuite Administrator: Testing Best Practices

Posted by Sara Duong, Consultant on Mar 30, 2021 2:05:59 PM

Whether you have in house developers or working with NetSuite Partners, it is good to have some standards around testing implementations and new customizations. Generally, for brand new implementations or customizations, the testing advice is the same though the individual cases may be different.

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Tags: Project Management, NetSuite How To's

Fixed Asset Management: Tips for Uploading Mid Life Assets

Posted by Sara Duong, Consultant on Mar 7, 2021 9:36:40 PM

If you are thinking of implementing NetSuite's Fixed Asset Management Bundle, you will most likely have existing assets that are currently being depreciating. These are the Mid Life Assets that you will need to bring into the Fixed Asset module. I want to share with you some tips and tricks that have helped me when I've uploaded assets for customers.

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Tags: Project Management, NetSuite How To's

Project Management: What to do when projects are off track?

Posted by Sara Duong, Consultant on Feb 26, 2021 3:39:01 PM

As much as we plan and prepare, most projects will run into situations that throw either budget, schedule, or both off tracks. Sometimes you can save the go live date or budget and sometimes you need to make a change. This is where the project manager is worth their weight in gold. Generally speaking, there are 3 stages a project manager goes through when a project is off track. How well a project manager handles each stage is a direct impact to the success of the project.

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Tags: Project Management, NetSuite How To's

Administrator Tips: Audit Functions

Posted by Sara Duong, Consultant on Jan 12, 2021 5:00:25 PM

As a NetSuite Administrator, it's important to know tips and tricks of how to troubleshoot and manage system integrity.  NetSuite provides an Administrator with a lot of auditing tools to help him or her do their job well. Below are a few more commonly used auditing functions.

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Tags: Project Management, NetSuite How To's

VLOOKUP to the Next Level: INDEX and MATCH Functions in Excel

Posted by Sara Duong, Consultant on Dec 23, 2020 8:00:00 AM

NetSuite ERP has a powerful and robust database structure; it consumes data and outputs data in either it’s the rawest form or organized summaries. NetSuite users are used to massaging and manipulating data. VLOOKUP is a common EXCEL function that is used to map data together. If you want something better but just not at a Dba level, INDEX and MATCH are powerful EXCEL functions.

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Tags: Training

Introduction to Automate Bank Statement Import SuiteApp

Posted by Sara Duong, Consultant on Nov 24, 2020 2:18:32 PM
Are you looking for ways to make the bank reconciliation process easier? There are many ways to slice and dice this need. Before reaching out to another vendor or requesting a NetSuite customization from your Partner, consider NetSuite’s native functionality. As of 2020.1 release, you can now download a bundle called Auto Bank Statement Import to automatically import bank statements on a daily basis.
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Tags: Project Management, People Management, NetSuite How To's