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

Successful inventory management is a key component in any business, and understanding the challenges and opportunities in this space is critical to developing successful and impactful processes. One of the challenges in this space with regard to Netsuite has been how to effectively manage inventory that should not be sold, or inventory that can be sold but should otherwise be segregated based on specific attributes. Traditionally, part of the challenge is how to prevent this inventory from being allocated to sales orders or how to track inventory items that share the same item number in Netsuite but may have small differences such as packaging.

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, Inventory Management, Warehouse Management System (WMS), NetSuite Tips, WMS, Netsuite WMS, Implementing, Implementation, Inventory Status, Item Receipt, Defective Inventory, Quality Assurance

The Vendor Payment Installments feature offers a systemic way to manage vendor bills in several installments. In addition to facilitating a systemic process, the feature also allows you to view aging for each installment based on its due date which is helpful in providing visibility on upcoming bills. In this blog, we’ll walk through the fairly straightforward setup process as well as provide a few considerations you may want to think about as you decide whether to enable this feature.  

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Purchase Order, Vendor Payments, Installments, Implementing, Terms, Implementation

Whenever we get a Net New Implementation, we are often asked, “How do we set up a new user on NetSuite?” Let me show you a couple of ways and some troubleshooting tips for adding a new employee/user. Note: NetSuite users can also include vendors, partners, and customers. 

Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, NetSuite Integrations, Troubleshoot, Support, New User

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

Inline editing is a great feature in Netsuite.Inline list editing enables you to update records quickly by changing data directly in a record's row on the list page.This capability supports faster and easier editing because you do not have to go into each record to edit it.

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, NetSuite Integrations, Saved Search, Cloud ERP, Inline Editing

The implementation of an enterprise resource planning (ERP) system is a major investment for any business. NetSuite, a cloud-based ERP software, provides a comprehensive solution for financial management, customer relationship management, inventory management, and more. However, the implementation of such a system is not always straightforward and can result in costly failures. In this article, we will explore the cost of failed NetSuite implementations and how NetSuite consulting can save your business money. 

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Business Benefits, Cloud ERP, Netsuite ERP

Construction companies face unique challenges due to the complexity of their industry.  Everything from ensuring labor and material is procured and scheduled properly, managing the in progress billing worksheets, ensuring payroll goes off without a hitch in union, non-unionized workforces and certified payroll situations and being able to report easily on the profitability of a project. 

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

Are you looking to get the most out of your NetSuite investment? If so, you should consider engaging a NetSuite partner. NetSuite partners are experienced consultants that can help you get the most out of your NetSuite implementation, integration, and training. In this article, we’ll take a look at the role of a NetSuite partner, the different types of services they offer, and how they can help you unlock the value of your NetSuite investment. 

Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, NetSuite Integrations, Cloud ERP