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

In the fast-paced world of business software, NetSuite continues to evolve and improve its offerings. NetSuite has 2 major enhancement releases a year.  Let’s talk about the most recent 2022 and 2023 Fixed Asset Management Module enhancements.  

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Fixed Asset Management, Netsuite Updates, asset management, Hard Assets

Save searches have emerged as a powerful tool to sift through high volumes of data and uncover relevant information. However, there are instances when you need to extract data for a specific subset of transactions, without the overload of excess information. In this article, we will explore ways to leverage unique identifiers, such as Transaction IDs or Internal IDs, to streamline your search and focus solely on data that matters to you most.

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Saved Search, Transactions, Transaction Lines, Implementation, Transaction IDs

During the course of managing your assets in NetSuite’s Fixed Asset Management (“FAM”) module, you are bound to revalue a few assets.  Revaluing an asset means the current value of the asset is more or less than the original cost, the asset life has changed, depreciation method has changed, or the residual value has changed. NetSuite’s FAM module can help you revalue and post the correct GL impacts to your financial statements. If you would like to learn how to revalue an asset in the FAM module, please visit SuiteAnswers: Revaluation of an Asset (https://suiteanswers.custhelp.com/app/answers/detail/a_id/19284/loc/en_US).  

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Bank Reconciliation, Fixed Asset, Reconciliation, Fixed Asset Management, Revaluation

As you grow in your business, acquisition is a common path for growth.  Acquiring a new subsidiary is exciting and chaotic at the same time.  Do not feel rushed to get the new entity on boarded with NetSuite. Both primary and new entity need time to assimilate to the new structure.   

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, NetSuite Integrations, data, Support, New or Adding Subsidiary, Subsidiary, Implementing Subsidiary

NetSuite is a system that evolves with your business.  As your business expands, integrations or customizations will be necessary.  There’s a great tool to help you manage optimizing NetSuite. Strongpoint is a SuiteApp that is a simple bundle implementation on your NetSuite environment. Whether it’s custom fields, workflows, or scripts, Strongpoint helps manage the customizations and minimize risks. 

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, NetSuite Integrations, data, Troubleshoot, Customization, Support

In a previous blog (https://blog.concentrus.com/charge-rule-overview) we walked through a high overview of NetSuite’s Project Charge Rules.  In this article, we will dive a little deeper into more complex Time-Based rules.  

Tags: NetSuite, NetSuite How To's, NetSuite Tips, Billable Time, T&M, Time and Material, Project, Charges, Invoicing