Author: Vishnu Mohan

Sales territories are the grouping of leads, prospects and customer details based on the sales rules. In NetSuite sales territories are defined before they are distributed to different sales rep, sales groups, and sales teams. Steps Go to Setup> Sales> Sales Territories> New On the sales territories page, enter a name of the territory on… Continue reading Setting up Sales Territories

To assign a units type to an item: Go to Lists > Accounting > Items. Click Edit  On the Main subtab of the item record, in the Units Type field, select a units type. When you select a units type, the purchase, stock, and sale units default to the base unit for that units type. Select the Stock Units you use to track… Continue reading Assigning Unit of Measure into Item Records

When doing a CSV Import for Fixed Asset Depreciation History Records, these fields should be included in the CSV file. These are the important fields that should be part of the CSV file before importing Fixed Asset Depreciation History: Asset Asset Type Date Net Book Value Transaction Amount Transaction Type Subsidiary Quantity Name Alternate Method… Continue reading Required fields for Fixed Assets Depreciation Import

Drop ship is a feature to send an item directly from your vendor to your customer and the item is not processed in your inventory. By going directly to the customer, drop shipments streamline your inventory by keeping a low inventory asset total and reducing the order-to-delivery cycle time. You can drop ship inventory items… Continue reading Drop ship

Use the Approval Routing feature to set up a hierarchy of supervisors and approvers who will approve purchase and expense transactions before they are processed. Purchase approvals processes require that the Purchase Order preference for Approval Routing be disabled. Processes for expense approvals are the same regardless of the preference setting. After a transaction is… Continue reading Expense and Purchase Approver and Approval limit

Employees get access to data for the subsidiary allocated to their employee record by default. See Assigning a Subsidiary to an Employee for further information. You can, however, provide an employee access to data from other subsidiaries. Go to Setup> User/Roles > Manage Roles under Use the multi-select Subsidiaries list to tailor the employee’s allocated… Continue reading Employee Access to subsidiaries

A chart of account (COA) is a financial tool that provides a complete listing of every account in accounting system. You can import account information into NetSuite using the CSV import (or) manually create account records in NetSuite. The Chart of Accounts is a great way to keep track of all of your asset, income… Continue reading COA Numbering

The Revenue Arrangement & Revenue Plan Update Frequency setting under Setup > Accounting > Accounting Preferences – General generates a Revenue Arrangement and Plan. Revenue Arrangements and Plans must be manually generated if the default is manual. If the Revenue Arrangement is formed soon after the source document, the Revenue Arrangement is created first. In… Continue reading The Revenue Arrangement

NetSuite has the advantage of being able to be modified based on an individual’s function within the company. Configuring roles and permissions for your Netsuite users is a crucial activity that is simple to complete. In NetSuite, a role is a defined access configuration. Permissions for accessing and/or altering data are assigned to NetSuite Roles.… Continue reading Creating New Role In NetSuite

The main function of the book-specific journal entry is to make accounting adjustments for a specific accounting book. You can make these adjustments in base and non-base currencies. To create a book-specific journal entry, go to Transactions > Financial > Make Book Specific Journal Entries. You must select an Accounting Book from the list on… Continue reading Book-Specific Journal Entries