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.
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
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.
Tags: NetSuite, ERP, Reporting, NetSuite How To's, Transactions, Journal Entry, Transaction Lines, Statistical Journals
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.
Tags: NetSuite, ERP, Reporting, NetSuite How To's, Acumatica, cloud-based ERP
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.
Tags: NetSuite, ERP, Reporting, NetSuite How To's, Bills, Vendor Bill
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.
Tags: NetSuite, ERP, Reporting, NetSuite How To's, cloud-based ERP, Business Benefits, On-Premise ERP
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.
Tags: NetSuite, ERP, Reporting, NetSuite How To's, cloud-based ERP, Business Benefits
Having trouble with the error: “Ambiguity error on logical key multi-match”? This article helps you to add multiple line items with the same item on a transaction via CSV Import or you would like to add new line items to existing transactions using CSV file uploads.
Tags: NetSuite, ERP, Reporting, NetSuite How To's, Transactions, Transaction Lines, Multi-Match, Sales Order, CSV Import
In this article, we speak with Vincent Huang, owner and CEO of VHA, a wireless cell phone distribution company that has been in business for over 20 years. Here, he discusses all the technical, financial, and strategic considerations he had to make before switching from a client-server / on-premise ERP to one based in the cloud.
Tags: NetSuite, ERP, Reporting, NetSuite How To's, Accounting, NetSuite Tips, cloud-based ERP
NetSuite offers Statistical Accounts as part of their Advanced Financial module and these accounts enable you to track non-monetary data that you can use in reports and income statements. Users who utilize this function are often being asked to provide cost and revenue allocation, financial reporting using ratios and managing period close activities. Users can manually make statistical journal entries or autogenerate them through a saved search run by a statistical schedule. Users can also run record an absolute value when they manually create statistical journals, enabling them to capture periodic reporting such as office space by department or headcount by department.
Tags: NetSuite, Reporting, NetSuite How To's, NetSuite Tips, Statistical Account, Dynamic Allocations, Unit Types
What better way to automate paperwork than to send and receive documents electronically. NetSuite already has the ability to electronically send PDF versions of Sales Order or Purchase Orders or Custom Forms. DocuSign brings another level of automation. Now, with DocuSign, you can efficiently send, track, sign, and save documents for approval, eliminating the back and forth emails or scanning in manual signatures. You can see a quick demo of the SuiteApp in one of our Short N Suite Videos - https://www.youtube.com/watch?v=rPff5VLTgY0.
Tags: NetSuite, NetSuite How To's, NetSuite Tips, Docusign, esignature, Electronic Signature
