NetSuite offers Statistical Accounts as part of their Advanced Financial module and these accounts enable you to track non-monetary data that you can use in reports and income statements. Users who utilize this function are often being asked to provide cost and revenue allocation, financial reporting using ratios and managing period close activities. Users can manually make statistical journal entries or autogenerate them through a saved search run by a statistical schedule. Users can also run record an absolute value when they manually create statistical journals, enabling them to capture periodic reporting such as office space by department or headcount by department.
What better way to automate paperwork than to send and receive documents electronically. NetSuite already has the ability to electronically send PDF versions of Sales Order or Purchase Orders or Custom Forms. DocuSign brings another level of automation. Now, with DocuSign, you can efficiently send, track, sign, and save documents for approval, eliminating the back and forth emails or scanning in manual signatures. You can see a quick demo of the SuiteApp in one of our Short N Suite Videos - https://www.youtube.com/watch?v=rPff5VLTgY0.
A large part of warehouse management is cycle counting inventory and consolidating inventory to a single area or bin. If you are using Advanced Bin / Numbered Inventory Management feature in NetSuite one function, you’ll have access to is Bin Transfers. This process allows you to move inventory from one bin to another without creating financial impacts.
In a continuing series of customizing your Income Statement Layout, I wanted to show you how you can get a Statement with EBITDA calculated after Net Income. First, please review my previous blog here (or https://blog.concentrus.com/create-a-new-income-statement-layout).
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.
If you are a service based or project based business, NetSuite provides flexibility in how to track charges and invoice customers. Besides standard invoicing functionality (simple unit times price per unit), NetSuite provides a project based billing called Charge Rules.
Is your Income Statement in need of a face lift? If you are not able to over-haul your Chart of Accounts, you can update your Income Statement Layout directly in NetSuite. I will walk you through some steps that will consolidate the GL accounts on your Income Statement. From this walk through, you should have enough information for you to customize your own report.
There are many articles highlighting the pros and cons of NetSuite ERP vs SAP Business by Design. This blog will focus on some of the key differences. Note, SAP has recently made their Business One module available for cloud deployment as well. Business One is available in cloud only, on-premises or a hybrid approach. In this article we will focus on ByD for a more direct comparison of cloud only platforms.
If you have a Netsuite Connector and need to export Saved Search results, the saved search export records in NetSuite can be configured to any File Transfer Protocol (FTP). NetSuite Connector uploads the saved search results to the configured FTP. You might be first interested in the Netsuite Connector. What is Netsuite Connector? NetSuite Connector (formerly called asFarApp) allows you to set up data mapping between NetSuite and your ecommerce storefronts, point-of-sale (POS) systems, online marketplaces and third-party logistics providers. By automating the transfer of data, you keep your vital information centralized and eliminate manual data entry, costly errors and delays, data exports and processes managed with spreadsheets and email.