Category: Financials

All NetSuite finance related implementation/configuration/customization processes are posted in this category.

Intercompany bill automation

Proposal summary QIMA  group would like to automate the bill creation from invoice in the Intercompany Process Requirement  QIMA group would like to eliminate the PO and SO creation and other manual process on Intercompany transaction. They need to directly create Invoice and, on a trigger, the bill should be created automatically. Our Solution As… Continue reading Intercompany bill automation

A financial statement using the correct subsidiary layout

NetSuite provides specialized country-specific layouts for each subsidiary’s financial statements.When you customize a financial statement, the most recently used subsidiary context for that report is selected for your custom report. The selected subsidiary context and its associated layout displayed on the Edit Layout page in the Financial Report Builder. To customize a OneWorld financial statement… Continue reading A financial statement using the correct subsidiary layout

“Please Enter a Value(s) for: Tax Code”

This kind of error may come when intercompany transactions are performed. The standard Intercompany transaction process start with the creation of Purchase order. Using the option of Manage intercompany Sales order(Transaction>sales>Manage intercompany Sales order),Sales order is automatically creating in this flow. Here the error happens. solution: Kindly make the following changes in the setup 1.Go… Continue reading “Please Enter a Value(s) for: Tax Code”

Balancesheet monthwise-report customization

Balancesheet report shows the data for the ‘as of’ specification at the footer of the page.Client need the balance sheet data for specified period monthwise. Solution:We can customize the standard balance sheet report. 1.Alternative period range Type=Relative to report date 2.Check mark on cumulative value 3.Alternative period range=This fiscal year 4.Range segment=Accounting period Save.The report… Continue reading Balancesheet monthwise-report customization

Chart of Account Numbering

Many businesses use standard account numbers and the names of those accounts on their general ledger. You can set up account numbers that appear in your chart of accounts, transactions, and most financial reports. When you start to work with NetSuite, account numbers are not enabled. An administrator must enable the preference on the Accounting… Continue reading Chart of Account Numbering

MULTI – CURRENCIES

NetSuite Multi-currency allows for the assignment of more than one currency to a customer or vendor enabling you to do business with customers/vendors who use multiple currencies in their business. This feature enables you to enter transactions in multiple currencies for an individual customer or vendor. Set up > Company > Enable features > Under Company subtab… Continue reading MULTI – CURRENCIES