Are you nearing the end of your NetSuite implementation and diving into the data migration of GL history and open transactions at Go Live? Are you wondering how open Accounts Receivable (AR), open Accounts Payable (AP), Inventory balances and outstanding checks will be migrated into NetSuite without duplicating the GL impact from GL history? As an accountant who implements NetSuite, I’d like to share some best practices on this with you. 

Tags: NetSuite How To's, Accounting, NetSuite Tips

What is Avalara AvaTax? Avalara AvaTax automatically calculates sales and use tax for transactions, invoices, and other activity powered by NetSuite. Avatax is a comprehensive cloud-based tax calculation. What can Avalara do? Avalara and NetSuite will do all the heavy lifting such as:

Tags: NetSuite How To's, NetSuite Tips

This article is geared towards use cases where recurring billing is needed. The need for billing schedules is becoming a bigger necessity as more businesses move to subscription type billing. While in this case we are not leveraging the contracts module in NetSuite, we can leverage the standard billing schedules functionality on the sales order form by following these steps.

Tags: NetSuite How To's, Accounting, NetSuite Tips

It's easy to track who brought in a sale if there is a one sales rep to one transaction relationship. NetSuite easily accommodates for that with the sales rep field on all quote, opportunity, and sales transactions records. For many companies, it takes a whole team to close a sales opportunity; the team can consist of any combination of the sales rep, accounting person, sales operations person, or even the sales manager. Wouldn't it be great to compensate and track each person's contribution to a sale? NetSuite has a team selling feature that will do just that.

Tags: NetSuite How To's, NetSuite Tips

NetSuite is a very powerful and adaptable ERP platform.  There are some fundamental processes that NetSuite is built around, such as Order to Cash and Procure to Pay.  These fundamental processes make sure the transactions are validated, related, and traceable.  The adaptable part is the countless customizations you can make to the system to help mold and improve the system to your business needs.  As a rule of thumb and best practice, it’s best to maximize the native functionality.  If there is a need for customization, then here are some guidelines to help you decide if the customization is adding value or not.   

Tags: NetSuite How To's, NetSuite Tips

Supply chain and warehouse leaders are constantly looking to best position the company. Even with a modest tech equipment, process improvement, and modern supplier networks, it can pay huge competitive and cost-saving dividends. In the previous blog article, we outlined five top metrics for warehouse productivity metrics and how it can help track the success of your improvements and updates. Logistics managers may use these metrics to determine if there are weaknesses in the network of businesses and organizations working in a sequence of processes to produce and distribute goods. As with inventory, it’s worth periodically taking stock of the logistics links in your supply chain.  

Tags: NetSuite How To's, NetSuite Tips

Implementing the NetSuite ERP is a significant investment into a company’s future. Usually the companies set up a team dedicated to the project, they work with implementation partners, and they spend months planning. Yet a lot of times an NetSuite implementation could become more difficult than expected, for various reasons, and if the project is going off track, you want to catch that as early as possible. In this Blog I’m going to share some of the common signs that suggest your implementation might be failing and what to do if that does happen.

Tags: Project Management, NetSuite How To's, NetSuite Tips

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.  

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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.

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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.

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