Turnkey With turnkey or turnkey project, the contract manufacturing plant will source all raw materials on your behalf and charge one fee inclusive of materials and labor. Only a purchase order will drive your supply in this process. Tolling With tolling, the contract manufacturer will supply little to no components required to build the end… Continue reading Types of Contract Manufacturing in NetSuite
Author: Sandhra Simon
Questionnaire – Advanced Mnaufacturing
Scope Validation for Implementation of Advance Manufacturing # Question Answer 1 Where is your Headquarters Located? How long does it take to complete (build) an order? 2 What are the average and peak # of orders processed per day? Average and peak lines per order? 3 Can you please tell us… Continue reading Questionnaire – Advanced Mnaufacturing
Item 360 Dashboard – Points to Remember
For Installing the Item 360 Dashboard in the account follow the below comments:- From the Administrator role navigate to Suiteapps –> Item 360 Dashboard–> Install The Item 360 Dashboard SuiteApp requires a NetSuite OneWorld account. After successful installation navigate to Reports –> Item 360 The Item 360 dashboard is supported for the below types of… Continue reading Item 360 Dashboard – Points to Remember
Comparison between the Manufacturing 3 editions
Work Orders & Assemblies :- works best for companies who light assembly but don’t need to track work in process or labor separately WIP & Routings:- adds the ability to define work centers, routings, track labor costing, infinite capacity scheduling and provides a Gantt chart with drag-and-drop functionality. Advanced Manufacturing:- for those looking for complete control… Continue reading Comparison between the Manufacturing 3 editions
Proposal For Inventory Aging Report
Proposal Summary Bloom & Grow would like to create new report to retrieve from item receipts with getting details from the Inventory Item that are still available on date recall report. They would also like to know if the business follows the FIFO method, the item from whom purchased is left in the warehouse. In… Continue reading Proposal For Inventory Aging Report
Payment Processing
In NetSuite, payment processing activities include handling invoice payments from accounts payable, settlements against credit card accounts and bank accounts for accounts receivable, and also bank account transfers. In order to consider the payment processing in Netsuite the following features have to be enabled. For that navigate to Setup > Company > Enable features >… Continue reading Payment Processing
Billing Schedules
A billing schedule defines the schedule to bill sales over a range of time or a contract term. You could bill monthly for the sale of a one-year membership or bill quarterly for a three-year service contract. It manages the billing process by tracking when to invoice customers and how much to bill. Billing schedules… Continue reading Billing Schedules
Banking Overview – Deposits
Make a deposit in NetSuite to record the funds you deposit into your bank account. In cases where the customer payments are not directly deposited into a bank account, record customer payments into the undeposited funds account. Use deposits to move funds from the undeposited funds account into your general ledger account when payments are… Continue reading Banking Overview – Deposits
Banking Overview – Checks
Checks are generated in netSuite through standard AP processes upon saving a check transaction the expense, other current assets, or inventory account specified in the transaction detail is debited and the select bank account is credited. The checks are usually issued in the following cases for example:- Reimburse employees Pay vendors if you do not… Continue reading Banking Overview – Checks
Banking Overview
The banking management of NetSuite gives the following functions:- Checks Deposits Transfers Credit cards and bank reconciliation Checks Allows you to record debits made in your bank account, record cash transactions, log debit card purchases and manage petty cash. Checks written in NetSuite can be canceled and voided. Deposits Log all credits made to your… Continue reading Banking Overview