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

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.  

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

We continue our Netsuite WMS series by discussing the bin concept and how bins are used to drive warehouse activities from an implementation perspective. Whether you are in the process of a WMS implementation, or are considering your options, it is important to put consideration behind your bin design. If you haven’t already, make sure to check out our blog on WMS zones and how they interact with bins. Understanding both concepts is critical to successfully implementing zones and bins as you go live with your chosen WMS. 

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

Once assets are loaded in NetSuite’s Fixed Asset Management module (“FAM”), besides initiating monthly depreciation, there are some ongoing troubleshooting or maintenance.  This blog will share some common tips and tricks.  

Tags: NetSuite, Reporting, NetSuite How To's, NetSuite Tips, FAM, Fixed Asset, Troubleshoot, Asset Transfer, Locked Period, Fixed Asset Management

Do you want to view Netsuite in different languages? With the Multi-Language feature, you can choose the language in which NetSuite displays whenever you log in to your account. 

Tags: NetSuite, Reporting, NetSuite How To's, NetSuite Tips, Language, Language Preference, Netsuite Language

Have you ever wanted or needed a quick comparative view of your Intercompany transactions between your subsidiaries?  One way to achieve this is through the use of CASE Statements in Saved Searches.  What is a CASE Statement?  A CASE Statement is similar to that of an if-then-else statement.  You may have encountered this in spreadsheets.  In NetSuite, it’s an available function that allows you to program conditions to return values when those conditions are met.  So, when a condition is true, NetSuite will provide the results based on those conditions.  You can have multiple conditions in one CASE Statement.

Tags: NetSuite, Reporting, NetSuite How To's, NetSuite Tips, Saved Search, Reconciliation, CASE, Formula, If-Then

Enterprise resource planning (ERP) systems are key to getting a single, 360 degree view of your business. It helps you move from disparate data to actionable, real-time data that you can use to increase your bottom line. And guess what? People are getting it. ERP adoption has soared in the last few years because companies understand how important it is to overall business success.  

Tags: NetSuite, ERP, Reporting, NetSuite How To's, NetSuite Tips, Acumatica, Statistics

There are many reasons why a company may want to have dates and periods not match-up.  One common reason may be related to the month-end close process. A company may want to enter the actual date (which is in a prior period) of a vendor bill, but since the previous period has already been closed, they will post to the current period for financial purposes.  NetSuite can allowtransaction dates outside of the posting periods through the company’s Accounting Preferences.  This can increase the risk of unwanted date/period mismatches as well as cause headaches for reconciliations between AR/AP Aging reports to the Balance Sheet.  One way to monitor this is through a Saved Search. 

Tags: NetSuite, Reporting, NetSuite How To's, Accounting, NetSuite Tips, Accounting Periods, Saved Search, Transactions, Date Mismatch

During your WMS PackStation implementation, you may have noticed your packages have autogenerated numbers. Generally, those autogenerated packages follow the numbering scheme of sales order # + some number. In most cases, the default numbering scheme will suffice for most customers. However, as with most settings in Netsuite, this can be customized based on business requirements.  

Tags: NetSuite, Reporting, NetSuite How To's, Warehouse Management System (WMS), NetSuite Tips, WMS, Supply Chain Management, Netsuite WMS, Shipping, Pack Station, Carton

You might have encountered error/ notice: "There are no international customs documents to print for this fulfillment" when printing commercial invoice on Item Fulfillment. When shipping between US, Canada and Mexico, it is a requirement for NAFTA (North American Free Trade Agreement) Certificate of Origin to enter the criteria of the item being exported. What is NAFTA? And how does this impact you?   

Tags: NetSuite, Reporting, NetSuite How To's, NetSuite Tips, Order Fulfillment, Shipping, NAFTA