<img src="https://ws.zoominfo.com/pixel/5BFMW73xT6Cu70sN1cUt" width="1" height="1" style="display: none;">

Choosing the Right ERP for Your Business: Sage vs. NetSuite vs. Acumatica

Posted by Cherry Tan on Mar 1, 2024 11:00:00 AM

Selecting the right Enterprise Resource Planning (ERP) system is crucial for businesses of all sizes. With so many options available, it can be overwhelming to compare features and determine which solution best suits your needs. This article will explore three popular ERP systems - Sage, NetSuite, and Acumatica - to help you make an informed decision.

Read More

Tags: NetSuite, ERP, Project Management, NetSuite Partner, NetSuite How To's, Accounting, NetSuite Tips, NetSuite Integrations, NetSuite Administrator, Acumatica, Acumatica ERP, Netsuite ERP, Netsuite Updates, NetSuite Features, NetSuite Support, Sage, Sage ERP

FAM Updates 2024.1

Posted by Sara Duong, Consultant on Feb 29, 2024 11:00:00 AM

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:

Read More

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

Workflow – Autocheck Checkbox Based on Transaction Status

Posted by Sara Duong, Consultant on Feb 27, 2024 11:00:00 AM

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.

Read More

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

Item Return Costing

Posted by Jose Moreno, Consultant on Feb 22, 2024 11:00:00 AM

For many clients, managing customer returns is an important business activity. In addition to the logistical challenges of approving customer returns and providing customers with a way to send back defective merchandise, an important consideration is ensuring these customer returns are accounted for properly. When a customer returns inventory, it is important that the cost of that inventory is accurately assessed and captured in the books. NetSuite offers several process options to help manage this which we will review on this blog.

Read More

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

Feature Overview: Supply Allocation

Posted by Jose Moreno, Consultant on Feb 20, 2024 11:00:00 AM

For companies who maintain perpetual inventory, inventory allocation is an important business process area to track. Understanding the relationship between supply and demand, and having the systemic tools to manage this, is critical to ensuring the company is able to meet customer needs. This involves making sure you not only have the required supply, but that you are able to have the required supply when the customer needs it. Fortunately, NetSuite provides the Supply Allocation feature which, when configured, can help you match both existing and future supply to customer demand. Let us take a look at how this works.

Read More

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

Feature Overview: Group Average Costing

Posted by Jose Moreno, Consultant on Feb 15, 2024 11:00:00 AM

As you journey through your NetSuite implementation, one important consideration may be deciding which costing method to use for your items. NetSuite offers a multitude of costing methods which, when properly configured, help you maintain accurate costs and costs of goods sold. One such costing method we will review today is Group Average Costing. Traditionally, Average Costing in NetSuite has been one average cost per location. However, NetSuite also offers Group Average Costing as a way to maintain a single average cost across multiple locations. How do we set this up? Read on to find out.

Read More

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

Removing Journal Entries in A/P Aging Detail Report

Posted by Mariella Marquez, Consultant on Jan 26, 2023 12:14:27 PM

With the new year beginning and accounting teams working busily to close the prior year financials one of the biggest errors we see is offsetting journal entries stuck on your A/P Aging report. If you are posting offsetting journals that post to your Accounts Payable transaction without first adding an “A/P Clearing Vendor” you might be asking how to clean up your reporting. Below we will walk you step by step on how to clear up your A/P Aging and remove these transactions entirely. 

Read More

Tags: NetSuite, ERP, Reporting, NetSuite How To's, Accounting, Financial, General Ledger, GL, Accounting Periods, Transactions, Journal Entry, Transaction Lines, Financial Report, Accounts Payable, AP Aging

ERP Implementation Costs: A CEO's Perspective

Posted by Cherry Tan on Jan 4, 2023 10:14:44 AM

In this article, we speak with Vincent Huang, owner and CEO of VHA, a wireless cell phone distribution company that has been in business for over 20 years. Here, he discusses all the technical, financial, and strategic considerations he had to make before switching from a client-server / on-premise ERP to one based in the cloud. 

Read More

Tags: NetSuite, ERP, Reporting, NetSuite How To's, Accounting, NetSuite Tips, cloud-based ERP

Date/Period Mismatch – Life-to-Date

Posted by Justin Myung, Consultant on Oct 6, 2022 9:45:05 AM

There are many reasons why a company may want to have dates and periods not match-up.  One common reason may be related to the month-end close processA company may want to enter the actual date (which is in a prior period) of a vendor bill, but since the previous period has already been closed, they will post to the current period for financial purposes.  NetSuite can allowtransaction dates outside of the posting periods through the company’s Accounting Preferences.  This can increase the risk of unwanted date/period mismatches as well as cause headaches for reconciliations between AR/AP Aging reports to the Balance Sheet.  One way to monitor this is through a Saved Search. 

Read More

Tags: NetSuite, Reporting, NetSuite How To's, Accounting, NetSuite Tips, Accounting Periods, Saved Search, Transactions, Date Mismatch

Creating a Month-By-Month Balance Sheet for Last 3 Periods

Posted by Justin Myung, Consultant on Sep 20, 2022 9:00:00 AM

You want to review month over month movement of your Balance Sheet.  You will notice in order to see a month-by-month trend, you can add the Accounting Period on the columns, but it shows all the historical periods.  Are there times you would like a quick view of the Balance Sheet for recent periods.  Your options could be running it for all periods and deleting the columns you don’t need in excel or manually set the periods using custom periods.  The process below will help you run a dynamic balance sheet by month for the last 3 periods by changing the date on the Reports Page without having to go back to the customization page.  

Read More

Tags: NetSuite, Reporting, NetSuite How To's, Accounting, NetSuite Tips, Trend, Balance Sheet, Statement

Subscribe to our blog!

Recent Posts

Posts by Topic

see all