Tag: project

Understanding Charge Rules

Charge rules determine the billing rate, the timing of charges, and the stage of a charge when it is generated. Charge rules can be either fixed fee, time-based, expense-based, or purchase. A breakdown of individual charge rule types and respective project activities or inputs is listed below: Fixed Fee Rules Types Fixed Date Creates a… Continue reading Understanding Charge Rules

Using Consolidated Billing for Projects and for Payments

Consolidated billing consists of a set of accounting features and preferences that affect the way you invoice your customers and accept payments toward those invoices. These features and preferences are described below: Consolidate Projects on Sales Transactions – When you enable this preference, you can create sales orders and bill customers for charges associated with multiple… Continue reading Using Consolidated Billing for Projects and for Payments

Resource Allocations

Resource Allocations are designed to help resource managers allocate and assign the right resources to projects based on availability, skill sets, and other criteria. After a resource has been allocated, or reserved, to a project, a project manager may then decide to assign that resource to a specific task. You can also allocate resources directly… Continue reading Resource Allocations

Maximizing Customer Project Management with NetSuite

Client Request: “We need a streamlined approach to track our customer projects within NetSuite, ensuring we can efficiently monitor costs and revenues for each project. We require a solution that allows us to customize project records, track expenses, and generate detailed reports to better understand project performance. Additionally, we want to ensure that our project… Continue reading Maximizing Customer Project Management with NetSuite

Project Expense Types

In the context of Job Costing, it’s essential to associate a project expense type with each new or existing project record. This selection guides NetSuite in determining which account to debit when posting time transactions for job-costing purposes. When you activate job costing, the system automatically generates two default project expense types: “Regular” and “Overhead.”… Continue reading Project Expense Types