Revenue recognition is an important accounting principle that determines when and how revenue is recognized in financial statements. Different methods are used depending on the nature of the business, the type of contract, and the timing of service delivery. Three common revenue recognition methods are the straight-line method, the percentage of completion method, and the… Continue reading Revenue Recognition Methods: Straight-Line, Percentage of Completion, and Time and Material
Integrating Excel with NetSuite via ExtendInsights
Organizations often find that although NetSuite does a great job as an ERP/financial system, their go-to analytics and ad-hoc reporting tool remains Microsoft Excel. The challenge arises when data must be exported manually (CSV dumps, manual copy-pastes), or when non-technical users want to update NetSuite records in bulk via Excel. ExtendInsights addresses this by enabling:… Continue reading Integrating Excel with NetSuite via ExtendInsights
SuiteCommerce Advanced (SCA) Implementation
Overview SuiteCommerce Advanced (SCA) is a comprehensive e-commerce platform designed to deliver a high-performing, fully integrated online shopping experience. This guide provides an overview of the requirements and deliverables for a typical SCA implementation, covering platform deployment, segment-specific site development, core e-commerce features, catalog migration, loyalty program integration, and more. 1. Platform Deployment Requirements The… Continue reading SuiteCommerce Advanced (SCA) Implementation
FSM Process Flow
Creating FSM Assets: FSM assets represent serviceable items and the locations where service is performed. There are two types: Site Assets: These represent a customer location or site. A site asset is linked to a customer record and can have multiple site assets for different locations or shipping addresses. Equipment Assets: These represent individual serviceable… Continue reading FSM Process Flow
NetSuite Ship Central Roles and Permissions
You can assign NetSuite Ship Central roles to employees in your organization. If they already have existing roles assigned, you can update the roles with permissions that provide access to packing or shipping. If you use Specialized User: WMS roles and want to modify access to the Ship Central app Assigning Ship Central Roles The… Continue reading NetSuite Ship Central Roles and Permissions
Agentic AI: The Rise of the Autonomous Digital Employee
Agentic AI, or Autonomous AI Agents, represents the next evolutionary step beyond today’s chatbots and Large Language Models ($LLMs$). While an $LLM$ can generate a perfect response to a prompt (like writing an E-Mail or summarizing a document), it waits for a command. An Agentic AI, however, is designed to act on its own initiative… Continue reading Agentic AI: The Rise of the Autonomous Digital Employee
Financial Exception Management using NetSuite AI
Understanding NetSuite Financial Exception Management (FEM) In the dynamic world of financial operations, maintaining accuracy and consistency is critical. Yet, businesses often encounter anomaliesâtransactions that deviate from standard practices or established norms. These are known as financial exceptions, and managing them effectively is essential to ensure financial integrity and streamline operations. đ What Is Financial… Continue reading Financial Exception Management using NetSuite AI
Text Enhance in NetSuite
Text Enhance is a NetSuite feature that uses generative AI to help you write business content. It can help you create and refine content, and make sure it’s the right length for your needs. Text Enhance can also help you translate your content into other languages.123 Text Enhance uses information from the page you are… Continue reading Text Enhance in NetSuite
Identify Shipping Carrier Based on the Number of Characters or Digits of its Tracking Numbers
Each shipping carrier applies a unique logic in generating its own tracking number. It is the same concept in generating check-digits in barcodes to validate it. However, this article is not intended to tell whether the tracking number is valid or not based on its auto generated check digit. Instead, it simply aims to identify… Continue reading Identify Shipping Carrier Based on the Number of Characters or Digits of its Tracking Numbers
Shipping Method is still Required when Non-Inventory Item is Added
User is prompted to select a shipping method for non-inventory items, as well as for items that have a default shipping method. Currently, when a shopper adds a non-inventory item to the cart, a shipping method is still required and calculated before checkout. This also applies when the cart contains both non-inventory and inventory itemsâshipping… Continue reading Shipping Method is still Required when Non-Inventory Item is Added