Items initially categorized as non-inventory can be transformed into inventory items, enabling businesses to efficiently track stock levels. This change may be applicable for items that gain popularity and start to require stock holding.

This conversion process from a non-inventory to an inventory item, will consolidate the records, maintaining the transaction history from before the conversion alongside new inventory data post-conversion.

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Promotions in NetSuite is a powerful tool that allows you to create different and exciting discounts that can be applied to orders. There are multiple ways to create a Promotion and we will walk you through the different ways to set it up. 

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Ever wished for a smoother, more efficient way to manage your organization's procurement processes? Effective procurement management is the key for organizations to optimize costs, streamline processes, and maintain supplier relationships. NetSuite offers three record types: requisitions, purchase contracts, and blanket purchase orders. Your business can take advantage of these records to achieve greater efficiency and control over their procurement processes.

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Ready to dive deeper into Amortization schedules? If you remember Amortization Feature from our previous blog, you might be curious about schedules. Here's the scoop: Once you set up the Amortization feature, schedules are automatically created whenever you buy something with linked amortization settings.

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Have you ever wondered how to track the cost of an item or expense over time? The Amortization feature in our system lets you do just that! It spreads the cost out over several future periods, giving you a clearer picture of your finances in the general ledger.

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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.

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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:

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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.

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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.

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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.

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