Author: Silja K C

Configure a format profile to automatically or manually import bank or credit card data for the bank or credit card reconciliation. Format Profile for Automatic Import– Uses a connectivity plug-in and transaction parser to configure a direct connection to a financial institution to retrieve bank data automatically. We can use standard plug-ins available through the… Continue reading Creating Format Profiles for Bank Reconciliation

Many businesses charge late fees or finance charges on invoices that are overdue. This allows business owners to recover costs incurred by carrying unpaid bills on their books. Finance charges are usually calculated on a monthly basis for all transactions that meet the criteria set up by the business owner. To set up finance changes,… Continue reading Finance Charges

We can sell gift certificates in our web store or on transactions entered by sales reps. When we create the gift certificate item, we can set the price and criteria for an expiration date. To create gift certificates: Go to Lists > Accounting > Gift Certificates. Click New Gift Certificates. Alternatively, go to Lists> Accounting > Items… Continue reading Creating Gift Certificates

We can make journal entries to write off small amounts related to customer overpayments. Note: We may prefer to apply a customer overpayment against an outstanding invoice. To write off small amounts from customer overpayment: Go to Transactions > Financial > Make Journal Entries. In the Primary Information section: In the Entry No. field, accept the default, or… Continue reading Writing Off Customer Overpayments

Note: This topic is not applicable to US and Canada edition accounts. Changes to the tax rates do get announced by the tax authorities, and rules vary too. Administrators of accounts that have installed the NetSuite International Tax Reports are usually informed of rate changes coming up but it is your responsibility to ensure that the latest… Continue reading Managing Tax Rate Changes in NetSuite

NetSuite enables customers to outsource their manufacturing efforts to vendors. Customers can outsource from either a purchase order or from a work order. To Outsource Production from a Purchase Order Go to Transactions > Purchases > Enter Purchase Order. On the Purchase Order page, in the Custom Form field, select the Standard Outsourced Purchase Order. Select the outsourcing Vendor. Complete… Continue reading Outsourcing Production in NetSuite

If users are unable to find the Void or Delete button when attempting to edit a Credit Memo, it may be due to the following reasons: The transaction is in a closed period: When a transaction falls within a closed accounting period, voiding or deleting it becomes restricted. To resolve this, an administrator needs to… Continue reading Unable to locate the void or delete button on the Credit memo

Scenario The user is getting an error message saying: “Please configure the inventory detail in line 1 of the item list” after clicking the Mark Shipped button on the Item Fulfillment page. Solution The error is encountered whenever the Use Bins checkbox was marked on the Item record of the Item being fulfilled which is subsequent to the creation of the Sales Order and/or the Item… Continue reading Resolve Error: “Please Configure the Inventory Detail in Line 1 of the Item List” When Clicking Mark Shipped Button

The Cumulative Depreciation and Net Book Value fields were not populated after importing new Asset Records. Upon checking the Asset Values List, Asset Value Records were not created for the Asset imported.  Solution The missing values usually happen when the Run Server SuiteScript and Trigger Workflows are not marked under the Advanced Options during the CSV import… Continue reading To update the Current Net Book Value of the newly imported Fixed Assets