Author: Salini R

NetSuite Purchase to Project

A new addition to the SuiteApp Marketplace is Purchase to Project, a new feature that allows users, especially project managers, to create purchase transactions that are related to projects and project tasks. Expenses related to projects can then easily be tracked and controlled. Having visibility over expenses and purchases related to projects and linked project… Continue reading NetSuite Purchase to Project

Link project task to a purchase order in NetSuite

Step 1: Allow purchase orders and/or vendor bills on projects Firstly, the need would have to be identified on which projects the expenses and purchases needs to be tracked on. Setting up a project to allow purchase orders or vendor bills also allows the same to be tracked on the associated project tasks. To allow… Continue reading Link project task to a purchase order in NetSuite

Recording Vendor Prepayments

In NetSuite, we can work with vendor prepayments in two different ways: The vendor prepayment is associated with a purchase order. We can associate one or more vendor prepayments with a purchase order for the same vendor. When the vendor prepayment and the purchase are associated, you can configure NetSuite to automatically apply the vendor… Continue reading Recording Vendor Prepayments

Vendor Payments

Enter vendor payments to record when you pay a vendor bill. The payment records the payment date and the amount paid. By tracking payments you make to vendors, you know how much money you owe to specific vendors When you record a vendor payment, the payment posts to the journal accounts affected by the payment.… Continue reading Vendor Payments

Multiple UOM in NetSuite

The Multiple Units of Measure feature enables to define various units used to stock, purchase, and sell inventory items, and track non-monetary accounts. If you are using the feature with inventory items, units of measure provides greater flexibility and accuracy when tracking and selling inventory. For example, you might purchase cable in pallets, stock the… Continue reading Multiple UOM in NetSuite

Phantom Assemblies

A phantom assembly is typically a non-stocked assembly that groups the components needed to produce a subassembly. For example, compare a phantom assembly to folders on a computer. The folder represents the phantom and the individual files are the components. They are called phantoms because they are not counted as inventory items, but are created… Continue reading Phantom Assemblies

Assemblies and Serial/Lot Numbered Members

Serialized and lot numbered items cannot be included as member items in a regular assembly item. A non-serialized assembly cannot include a serialized or lot numbered member item. A non-lot numbered assembly cannot include a serialized or lot numbered member item. Serialized or lot numbered inventory items can be members of an assembly only if… Continue reading Assemblies and Serial/Lot Numbered Members

Assembly Items on Purchase Transactions, Web Sites, and Work Orders

NetSuite lets you make assembly items available in other product areas. Purchase Transactions To make assemblies available to purchase transactions, go to Setup > Accounting > Preferences > Accounting Preferences. Check the Allow the Purchase of Assembly Items box on the Order Management subtab, and then save. Web Sites You can offer an assembly in your web site… Continue reading Assembly Items on Purchase Transactions, Web Sites, and Work Orders

Refunding an Open Balance

Refunding an open balance refund gives money back to a customer who has overpaid or is due a refund. In NetSuite, you can pay a customer refund by issuing a check or by crediting a customer’s credit card account. For example, a customer sends you a check to pay an invoice. You apply a discount… Continue reading Refunding an Open Balance