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Item Purchase Prices and Currency in a OneWorld Account

Posted by Kevin Suh, NetSuite Administrator on Jun 15, 2023 9:00:00 AM

If your business has vendors who use multiple currencies, you will need to understand the behavior of purchase price, preferred vendor, and different subsidiaries when you are in aOneWorld Account. When you add a new preferred vendor in a different subsidiary, the old Purchase Price is converted to the currency of the new Preferred Vendor.In a non-OneWorld account, the Purchase Price field in the body of the form is in the Preferred Vendor currency. This is straight forward since each item can only have one Preferred Vendor. But in aOneWorld account, when there is a Preferred Vendor for each subsidiary, the Purchase Price is expressed in the currency of the last Preferred Vendor in the item, hence the automatic conversion of the previous purchase price. 

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Vendor, OneWorld, Currency, Purchase Price

NetSuite Fixed Asset Management: 2022-2023 Updates

Posted by Sara Duong, Consultant on Jun 13, 2023 10:32:47 AM

In the fast-paced world of business software, NetSuite continues to evolve and improve its offerings. NetSuite has 2 major enhancement releases a yearLet’s talk about the most recent 2022 and 2023 Fixed Asset Management Module enhancements.  

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Fixed Asset Management, Netsuite Updates, asset management, Hard Assets

How to Compare Roles in Your NetSuite Account

Posted by Youn Park, Junior Project Manager on Jun 8, 2023 4:29:50 PM

Have you been placed in a new role or need to change roles within NetSuite?Are you an Administrator setting up new users/roles after a Net New Implementation? There can be so many roles to choose from within NetSuite. How do you see the difference in roles/users to compare between users? Let me show you how to do just that. 

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, New User, Users, User Access, Roles

Adding KPI Scorecards and Why it is Important

Posted by Youn Park, Junior Project Manager on Jun 6, 2023 8:57:49 AM

We all know the importance of data and how it can drive future decisions. Especially if you just had a new implementation, you want to make the best use of the information you are obtaining in NetSuite. Setting up your KPIsto measure a company’s progress toward a set of objectives is a great way to start. Tracked over a set period, KPIs help an organization make informed, data-driven decisions. 

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, KPI, KPI Scorecard

Custom Fields on Forms

Posted by Isaias Torres, Consultant on Jun 1, 2023 4:53:21 PM

Netsuite forms will contain native fields on their pages and sometimes that is not enough. When additional fields are needed on a form, custom fields come into play. Custom fields allow you to add a variety of options on your form. When deciding to add a custom field, you have a few options to find the page to create a custom field.

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Customize, Customization, Custom Fields

Saved Search Tip: How to Filter Out a List of Specific Transactions

Posted by Sara Duong, Consultant on May 30, 2023 12:44:17 PM

Save searches have emerged as a powerful tool to sift through high volumes of data and uncover relevant information. However, there are instances when you need to extract data for a specific subset of transactions, without the overload of excess information. In this article, we will explore ways to leverage unique identifiers, such as Transaction IDs or Internal IDs, to streamline your search and focus solely on data that matters to you most.

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Saved Search, Transactions, Transaction Lines, Implementation, Transaction IDs

Managing NetSuite Pricing – Quantity Pricing Schedules

Posted by Jose Moreno, Consultant on May 25, 2023 11:40:14 AM

In previous blogs, we’ve seen how native Netsuite functionality can be leveraged to support your pricing process. Pricing scenarios such as customer specific pricing and group pricing allow us to implement robust and logical pricing structures to ensure we charge customers the right price. We extend those concepts in this blog by reviewing quantity based pricing. In Netsuite, quantity based pricing can be set up using standard functionality to help us offer discounts based on quantity sold.

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Implementation, Pricing, Item Pricing, Prices, Discounts, Quantity Pricing, Pricing Schedules

Managing NetSuite Pricing – Creating Pricing Groups

Posted by Jose Moreno, Consultant on May 23, 2023 2:18:47 PM

In a previous blog, we introduced you to Netsuite’s price level concept, which helps us assign different pricing for items. We can then take these price levels and assign them to customers allowing customers to receive different pricing for a given item. In this blog, we will continue to explore Netsuite’s pricing concepts and processes by reviewing pricing groups.

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Implementation, Pricing, Item Pricing, Prices, Discounts, Pricing Groups, Group Pricing

Managing NetSuite Pricing – Creating Price Levels

Posted by Jose Moreno, Consultant on May 18, 2023 12:28:21 PM

NetSuite provides some powerful functionality to help you set item pricing and ensure you are charging your customers the correct price. Tools offered by NetSuite to help you manage item prices include Price Levels, Pricing Groups, Quantity Pricing (and Pricing Schedules), along with free SuiteApps such as their Effective Date Pricing solution. These tools, while helpful, may seem daunting to implement at first but are fairly simple to set up. For this series of blogs, we’ll walk through the different native pricing options you have at your disposal.

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Implementation, Pricing, Item Pricing, Prices, Price Levels, Discounts

Saved Search Update for HTML

Posted by Isaias Torres, Consultant on May 16, 2023 1:28:23 PM

In the upcoming Netsuite Release 2023.2, there will be a key change to a saved search function. This alteration specifically affects the HTML option available to users when creating formulas within the search. In this article, we will review how to maintain the HTML hyperlink option in your saved search fields. 

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Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Saved Search, Customization, HTML

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