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Open Transactions Data Migration at Go Live

Posted by Nicole Watson, Senior NetSuite Consultant on Nov 24, 2021 12:00:00 PM

Are you nearing the end of your NetSuite implementation and diving into the data migration of GL history and open transactions at Go Live? Are you wondering how open Accounts Receivable (AR), open Accounts Payable (AP), Inventory balances and outstanding checks will be migrated into NetSuite without duplicating the GL impact from GL history? As an accountant who implements NetSuite, I’d like to share some best practices on this with you. 

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Tags: NetSuite How To's, Accounting, NetSuite Tips

NetSuite Billing Schedules

Posted by Jesse Guzman, Consultant on Nov 18, 2021 12:38:47 PM

This article is geared towards use cases where recurring billing is needed. The need for billing schedules is becoming a bigger necessity as more businesses move to subscription type billing. While in this case we are not leveraging the contracts module in NetSuite, we can leverage the standard billing schedules functionality on the sales order form by following these steps.

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Tags: NetSuite How To's, Accounting, NetSuite Tips

My Ecommerce and Back Office Systems Don’t Connect: What should I do now?

Posted by Fara Panah, Vice President on Jun 4, 2020 7:23:00 AM

Maybe you’ve read my last blog, 5 Symptoms of a Siloed Ecommerce & Back End System, and concluded – “yes, this is me. I have siloed systems”. The next question is always going to be “So what should I do about it?”

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Tags: ERP, Accounting, eCommerce, Retail

5 Symptoms of a Siloed Ecommerce & Back End System

Posted by Fara Panah, Vice President on May 19, 2020 8:45:00 AM

You’ve invested in a fantastic ecommerce solution to be the online face of your company. You make it to look nice and provide your customers with the online shopping experience that they are looking for during the digital age. It also gives you the unique ability to reach your customers when your products are top of mind - when they are looking to make a purchase. And during the COVID-19 pandemic, or any similar crisis in the future, it’s the ONLY way for you to reach your customers.

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Tags: NetSuite, Accounting, eCommerce, Warehouse Management System (WMS)

10 Signs You've Outgrown Your Accounting Software

Posted by Fara Panah, Vice President on Jan 24, 2020 1:28:39 PM

Accounting Software is supposed to make running and managing your business easier, more efficient, and should give you visibility into your business. However, many owners are trying to run a sophisticated and complex business on rudimentary software. Their accounting team become frustrated and take too much time getting basic information. This costs owners money and does not give them real-time visibility into their business.

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Tags: Accounting

[Infographic] 6 Must Have Business Management Tools for the Cell Phone Industry

Posted by Kristen Hoppe, Marketing Manager on Jun 19, 2018 10:04:58 AM

The cell phone industry has a lot of moving parts. Whether you’re a unit, parts, or accessories distributor or you do cell phone repairs, you’ve got a lot of items to keep track of. Not only do you have to handle all the standard business functions – marketing, sales, accounting, customer management, etc. – but you also have a lot of different kinds of inventory in multiple locations to keep track of.

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Tags: Customer Service, Inventory Management, Accounting, Wholesale Distribution

How to Manage ASC 606 via NetSuite or other ERPs

Posted by Rudy Ortiz, Solutions Consultant on May 22, 2018 8:41:00 AM

With the new revenue recognition requirements implemented by FASB, many companies are looking for support on how to manage these requirements.  The changes to revenue recognition have an impact on both organizational business processes and configurations within the software that manages revenue.  The following article will illustrate considerations when managing the new requirements.  ASC 606 has listed 5 core principles to managing revenue:

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Tags: NetSuite, NetSuite How To's, Accounting