Category: NS Implementation

All articles / code related to Netsuite implementation

Setting Up Electronic Bank Payments

Prerequisites Make sure you verify the following prerequisites before you install and use Electronic Bank Payments SuiteApp: If you are using the Electronic Bank Payments to send payments to vendors, employees, and customers (refunds) and receive payments from customers across the different supported countries: You must have an active Advanced Electronic Bank Payments License. To… Continue reading Setting Up Electronic Bank Payments

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Categorized as Financials

Advanced Revenue Management

The NetSuite order-to-revenue workflow begins with the sales order or invoice. The workflow specifically includes these transactions: sales order, invoice, cash sale, return authorization, credit memo, and cash refund. If you have been using classic revenue recognition features, and order-to-revenue workflows that began before you enabled Advanced Revenue Management to continue to use classic revenue… Continue reading Advanced Revenue Management

Create a Promotion Feed

The Promotion Feed uses the Product Feed and Promotion Feed records to collect the necessary data for export. The mechanism for obtaining the data included in the promotion feed is identical to that of the Product Feed, with additional promotional information retrieved by the Promotion Feed record. You create a Promotion Feed record where you… Continue reading Create a Promotion Feed

Uninstalling a Bundle

Uninstalling a managed bundle ends all upgrades to that bundle in your account. To uninstall a bundle: Log in to the account in which you installed the bundle. Go to Customization > SuiteBundler > Search & Install Bundles > List. Choose Uninstall from the Action dropdown list for the bundle you want to uninstall. In the confirmation popup, click OK. Warning:Uninstalling… Continue reading Uninstalling a Bundle

NetSuite Consolidation – Best Practices

Here are some best practices to consider when performing consolidation in NetSuite: Standardize Chart of Accounts: Maintain a standardized chart of accounts across all subsidiaries to ensure consistency in financial reporting and facilitate the consolidation process. Intercompany Transactions: Implement proper procedures for recording and reconciling intercompany transactions to ensure accurate elimination during consolidation. Use NetSuite’s… Continue reading NetSuite Consolidation – Best Practices

NetSuite Consolidation

Consolidation in NetSuite refers to the process of combining financial information from multiple subsidiaries or business units into a single, unified view. NetSuite provides features and functionality to streamline and automate the consolidation process, allowing organizations to generate consolidated financial statements and reports. Key points about consolidation in NetSuite: Multi-subsidiary Management: NetSuite enables organizations to… Continue reading NetSuite Consolidation

Features Available with NetSuite OneWorld

Following are the major features of OneWorld we get compared to NetSuite ERP version Management of multiple subsidiaries, business units and legal entities Support of consistent processes across countries Unlimited (dependent on customer’s requirements) subsidiaries in a single country for a single currency Includes 1 country/currency combination. Comprehensive Language Management Support for 27 different languages… Continue reading Features Available with NetSuite OneWorld