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Creating Statistical Accounts and Unit Types

Posted by Mariella Marquez, Consultant on Dec 28, 2022 1:26:55 PM

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. 

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Tags: NetSuite, Reporting, NetSuite How To's, NetSuite Tips, Statistical Account, Dynamic Allocations, Unit Types

DocuSign for NetSuite

Posted by Mariella Marquez, Consultant on Dec 13, 2022 9:17:05 AM

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.   

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Tags: NetSuite, NetSuite How To's, NetSuite Tips, Docusign, esignature, Electronic Signature

Creating Bin Transfers

Posted by Mariella Marquez, Consultant on Dec 8, 2022 11:41:12 AM

A large part of warehouse management is cycle counting inventory and consolidating inventory to a single area or bin. If you are using Advanced Bin / Numbered Inventory Management feature in NetSuite one function, you’ll have access to is Bin Transfers. This process allows you to move inventory from one bin to another without creating financial impacts

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Tags: NetSuite, NetSuite How To's, NetSuite Tips, Bin Transfer

Create an EBITDA Income Statement Layout

Posted by Justin Myung, Consultant on Dec 6, 2022 10:34:06 AM

In a continuing series of customizing your Income Statement Layout, I wanted to show you how you can get a Statement with EBITDA calculated after Net Income.  First, please review my previous blog here (or https://blog.concentrus.com/create-a-new-income-statement-layout).  

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Tags: NetSuite, NetSuite How To's, NetSuite Tips, Income Statement, Financial Report, Layout, Customization, EBITDA

Charge Rules: Deeper Dive Into Time-Based Charges

Posted by Sara Duong, Consultant on Dec 1, 2022 12:00:56 PM

In a previous blog (https://blog.concentrus.com/charge-rule-overview) we walked through a high overview of NetSuite’s Project Charge Rules.  In this article, we will dive a little deeper into more complex Time-Based rules.  

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Tags: NetSuite, NetSuite How To's, NetSuite Tips, Billable Time, T&M, Time and Material, Project, Charges, Invoicing

Charge Rule Overview

Posted by Sara Duong, Consultant on Nov 29, 2022 9:11:27 AM

If you are a service based or project based business, NetSuite provides flexibility in how to track charges and invoice customers.  Besides standard invoicing functionality (simple unit times price per unit), NetSuite provides a project based billing called Charge Rules.  

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Tags: NetSuite, NetSuite How To's, NetSuite Tips, Fixed Asset, Billing, T&M, Time and Material, Expenses, Project, Charges

Create a New Income Statement Layout

Posted by Justin Myung, Consultant on Nov 22, 2022 1:50:46 PM

Is your Income Statement in need of a face lift?  If you are not able to over-haul your Chart of Accounts, you can update your Income Statement Layout directly in NetSuite.  I will walk you through some steps that will consolidate the GL accounts on your Income Statement.  From this walk through, you should have enough information for you to customize your own report.

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Tags: NetSuite, NetSuite How To's, NetSuite Tips, Financial, Income Statement, Financial Report, Layout, Customization

Netsuite Connector Saved Search Export

Posted by Kevin Suh, NetSuite Administrator on Nov 17, 2022 11:38:27 AM

If you have a Netsuite Connector and need to export Saved Search results, the saved search export records in NetSuite can be configured to any File Transfer Protocol (FTP). NetSuite Connector uploads the saved search results to the configured FTP. You might be first interested in the Netsuite Connector. What is Netsuite Connector? NetSuite Connector (formerly called asFarApp) allows you to set up data mapping between NetSuite and your ecommerce storefronts, point-of-sale (POS) systems, online marketplaces and third-party logistics providers. By automating the transfer of data, you keep your vital information centralized and eliminate manual data entry, costly errors and delays, data exports and processes managed with spreadsheets and email. 

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Tags: NetSuite, NetSuite How To's, NetSuite Tips, Connectors, Saved Search, FTP, SFTP

Implementing Netsuite WMS: Zones

Posted by Jose Moreno, Consultant on Nov 15, 2022 11:27:33 AM

Whether you’re starting a new Netsuite WMS implementation or are still considering your options, you’ll likely have questions on different Netsuite WMS functionality and configuration. This series ofblogs will seek to answer some of those questions by looking at Netsuite WMS functions and corresponding record types from an implementation perspective. We’ll look at what these functions are used for, and how they can impact warehouse operations. In this blog, we’ll explore the zone concept and how it is used by Netsuite WMS.  

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Tags: NetSuite, NetSuite How To's, Warehouse Management System (WMS), NetSuite Tips, WMS, Supply Chain Management, Netsuite WMS, Zone, Zone Picking

Optimizing Your Transaction Line Use

Posted by Jose Moreno, Consultant on Nov 10, 2022 9:49:45 AM

One of the most important Netsuite metric is your monthly transaction line use. Your transaction line use directly impacts yourNetsuite service tier because of how Netsuite’s service tiers scale with use. Simply put, the more transaction lines you use, the higher your service tier will be. For this reason, it’s critical to have a clear understanding of the distribution of transaction lines across the types of transactions you create. Understanding this data can help youidentify opportunities to reducetransaction use and can have a tangible impact on financial costs relating to your Netsuite service tier. In this blog we’ll look at what tools are available for monitoring transaction line usage and provide a use case for reducing usage if you have standard costing enabled.  

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Tags: NetSuite, Reporting, NetSuite How To's, NetSuite Tips, Netsuite Tier, Standard Cost, Inventory Costing, Inventory Cost Revaluation, Transaction Usage, Transaction Lines

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