Do you toggle between using your mouse and keyboard when entering data in NetSuite? Have you ever wondered if there is a quick way to enter the date in a date field because it takes “too many clicks”? There are many ways to improve your data entry efficiency in NetSuite. In this blog, I’d like to share with you some of my favorite keyboard shortcuts in NetSuite.  

Tags: NetSuite How To's, NetSuite Tips

Before NetSuite consulting, I worked in corporate accounting for several years as a CPA. From my NetSuite implementation experience, I have come to find it helpful to share the following information when thinking about and configuring a chart of accounts in NetSuite for the first time – or even if you are re-designing your chart of accounts. I hope you find the information below helpful when thinking about and creating your chart of accounts in NetSuite.

Tags: NetSuite How To's, NetSuite Tips

How do you know if you need intercompany transactions: Intercompany Sales Orders and Purchase Orders? Typically if you have multiple subsidiaries that provide goods and services between subsidiaries, you will need intercompany transactions in NetSuite. Many companies use spreadsheets to track the amounts to remove from financial statements so that the revenue or expenses are not double counted when multiple subsidiaries’ financial statements are consolidated. NetSuite has native functionality to help record, manage and reconcile these types of intercompany transactions automatically.

Tags: Project Management, NetSuite How To's

This article is geared towards NetSuite Administrators and NetSuite super users. Personally, I’ve worked on quite a few implementations and early on, one of the NetSuite behaviors that stumped me was how some environments had a drop-down list versus others had the predictive search text or double down arrow to open a list. Specifically on any transaction when entering items.

Tags: Project Management, NetSuite How To's

As a NetSuite User, Administrator or Implementor, you don’t have to be a professional accountant. However, knowing some basic concepts helps you understand how your department or function impacts the company’s financials. With some basic accounting knowledge, you can validate if the item or transaction is configured correctly, meaning is it hitting your financial statements the way that it should. For the non accountants, there are 2 accounting concepts that are helpful: a basic accounting equation that always have to balance plus the use of debits and credits.

Tags: Project Management, NetSuite How To's

A memorized transaction is a transaction you set up to recur in NetSuite. Memorizing transactions allows user to record transactions frequently depending on the frequency that the user has defined.

Tags: NetSuite How To's, NetSuite Tips

Did you know that you can include landed costs on your inbound shipments? In this blog, I am going to build upon the prior Inbound Shipments blog, by sharing with you NetSuite’s functionality on how to include landed costs with inbound shipments.

Tags: NetSuite How To's, NetSuite Tips

How many times have you created an intercompany bill and lost track of if you created the corresponding intercompany invoice to offset? Or you are doing your audits and take forever to find the corresponding intercompany transaction?

 

Tags: Project Management, NetSuite How To's

A common headache for our Client's accounting departments month end process is expense allocations. It's often time consuming and having to remember or keep track of the allocation methodology used each time. NetSuite has an Advance Financial tool that does just that automatically.

 

Tags: Project Management, NetSuite How To's

NetSuite and Salesforce are two powerhouses in the cloud business tools industry. In some ways they compete for customers. NetSuite can provide many of the same tools as Salesforce, however, there are many organizations who decided NetSuite will be the system of record for financials, manufacturing, inventory, order processing, etc yet rely on the power of Salesforce for CRM.

Tags: Project Management, NetSuite How To's