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Ready for the 2023.1 Release? What You Need to Know About 2FA Updates

Posted by Isaias Torres, Consultant on Feb 28, 2023 9:17:52 AM

Starting March 1, 2023, Netsuite current 2FA functionality of SMS and Phone Calls will no longer be available. This means you will no longer receive the 2FA code on text messages or phone calls. Here's what you need to know about the 2FA updates.

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Tags: NetSuite, ERP, Reporting, NetSuite How To's, 2FA

7 Ways NetSuite is Better than QuickBooks

Posted by Jesse Guzman, Consultant on Feb 21, 2023 9:25:10 AM

Concentrus has been helping organizations transition from QuickBooks to a modern cloud-based ERP like NetSuite for over 10 years.  Below are 6 ways NetSuite is better than QuickBooks.  Consider these as during your search for alternatives to QuickBooks. 

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Tags: NetSuite, ERP, Reporting, NetSuite How To's, Acumatica, cloud-based ERP, Business Benefits, Cloud ERP, Acumatica ERP, Netsuite ERP

Choosing the Right One for My Growing Business

Posted by Cherry Tan on Feb 2, 2023 11:29:22 AM

Choosing the right cloud ERP (Enterprise Resource Planning) system for your business can be a daunting task. With so many options on the market, it can be difficult to know which one is best suited for your specific needs. In this article, we will explore the key factors to consider when selecting a cloud ERP system and how to evaluate the various options available. 

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Tags: NetSuite, ERP, Reporting, NetSuite How To's, Acumatica, cloud-based ERP, Business Benefits, Cloud ERP, Acumatica ERP

Self vs. Partnered Implementation for Cloud ERP Project

Posted by Cherry Tan on Jan 31, 2023 9:54:02 AM

The adoption of cloud-based enterprise resource planning (ERP) systems has become increasingly popular among small and medium-sized businesses. A cloud ERP system can improve business operations, streamline processes, and enhance decision-making capabilities. However, the implementation of a cloud ERP system can be a complex and time-consuming process, and the choice between self-implementation and partnered implementation can make all the difference. 

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Tags: NetSuite, ERP, Reporting, NetSuite How To's, Acumatica, cloud-based ERP, Business Benefits, Cloud ERP, Acumatica ERP

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. 

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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

Manually Creating Statistical Journals

Posted by Mariella Marquez, Consultant on Jan 24, 2023 4:47:14 PM

In NetSuite manually creating statistical journal entries is like manually creating general financial journals with the exception that you do not provide financial specific data. Instead, you areutilizing the unit of measures we previously set up to allocate fees such as monthly rent per department or shipping cost by items sold. When manually creating statistical journals, you are also given the opportunity to make an absolute balance for multiple statistical accounts at the same time.

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Tags: NetSuite, ERP, Reporting, NetSuite How To's, Transactions, Journal Entry, Transaction Lines, Statistical Journals

Cloud ERP: Comparing Acumatica and NetSuite Cloud ERP

Posted by Cherry Tan on Jan 19, 2023 10:52:00 AM

NetSuite and Acumatica are both cloud-based enterprise resource planning (ERP) systems that offer a wide range of features to manage business operations. Both systems are designed to help companies streamline their financial, operational, and customer-related processes. However, there are some key differences between the two systems. 

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

Main Line Location and Line Level Location of the Vendor Bill

Posted by Kevin Suh, NetSuite Administrator on Jan 17, 2023 3:53:39 PM

You might have encountered the experience where the GL impact for Line level Location of the Vendor Bill is different from the Mainline Location. You might have set the location field differently on thecustom Vendor Bill form. The expected behavior might be different from the user’s understanding. 

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Tags: NetSuite, ERP, Reporting, NetSuite How To's, Bills, Vendor Bill

Cloud vs On-Premise ERP: Deploying the Right Model for Your Business

Posted by Cherry Tan on Jan 12, 2023 12:02:37 PM

Want to improve your business with an ERP, but not sure which deployment model is best? One of the most important things to think about when choosing a new enterprise resource planning (ERP) system is whether you want on-premise ERP or cloud deployment. 

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Tags: NetSuite, ERP, Reporting, NetSuite How To's, cloud-based ERP, Business Benefits, On-Premise ERP

Cloud ERP: Is It Worth Switching to One?

Posted by Cherry Tan on Jan 10, 2023 1:46:48 PM

The Cloud is especially useful for medium-sized businesses because it gives them access to ERP at a reasonable price and doesn't require them to buy a lot of hardware and software up front. Find out why moving to a cloud ERP is a good idea. 

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Tags: NetSuite, ERP, Reporting, NetSuite How To's, cloud-based ERP, Business Benefits

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