Month: December 2023

Sending An Invoice To Multiple Email Addresses In NetSuite

Navigate to the Edit page of an Invoice record. Click the Communication subtab and go to Messages To be e-mailed checkbox should be checked. Enter multiple Email Addresses. Note: This is the box on the right. Users can enter multiple email addresses by separating them with a semicolon. It is important to separate the addresses… Continue reading Sending An Invoice To Multiple Email Addresses In NetSuite

Page – ‘Donor Contribution’ for clients that provide receive Contributions from various Donors

We have designed and developed the Donor Contribution functionality using transaction screens to standardize financial statements.     Donor Contribution screens help users to contribute to DAF , Charities and Project Charities funds from the customers and vendors. Once the transaction is completed, the balance of the receiving fund will be increased by the contribution amount. … Continue reading Page – ‘Donor Contribution’ for clients that provide receive Contributions from various Donors

Page – ‘Transfer of Fund’ for Clients that provide Grants across the world

We have designed and developed the fund to fund transfer functionality using transaction screens to standardize financial statements.     Fund to Fund transfer screens help users to transfer funds between DAF ,and Project Charities Charities in multiple currencies.  once the transaction is completed, the balance of the sending fund will reduce and balance in the… Continue reading Page – ‘Transfer of Fund’ for Clients that provide Grants across the world

QA Tips – To view all private saved searches

Administrators can view all saved searches for all employees, even if the search is set to private. To view all saved searches Login as Administrator Navigate to Lists -> Search -> Saved Searches Under Filters, Select ‘Yes’ in ‘Show All Private Searches’

Item Configuration in ARM

Item Configuration  The highlighted item types support ARM.               Check the Can be fulfilled/Received checkbox under preferences subtab of the item record, if fulfillment is the revenue posting triggering event.   

Revenue Recognition Rules in ARM

Revenue Recognition Rules  These rules need to be defined and applied to item records before the items are used in transactions.  The parameters can be defined for a revenue recognition rule includes;  Recognition method / How revenue is recognized per period  Source of the revenue recognition plan amount  Trigger for plan start and end dates … Continue reading Revenue Recognition Rules in ARM

Advanced Revenue Management- Features and Preferences Setup

Account Configuration  Accounting features  Accounting Periods  Advanced Revenue Management  Once we enable ARM feature, NS will create the following accounts;  Deferred Revenue clearing  Deferred Revenue  Unbilled Receivable  Revenue Arrangement (non-posting a/c)  Accounting Preferences  Create Revenue Recognition journals in G/L           : Detail – One detailed JE is created for all plans selected on the create… Continue reading Advanced Revenue Management- Features and Preferences Setup

Advanced Revenue Management Process

ARM Process      ARM process begins with the approval of a revenue source transaction.      From an approved transaction a revenue arrangement can be automatically created.  Revenue arrangement is a transaction that represents the revenue contract. It contains the details of how revenue is going to be recognized.  Revenue elements are attached as… Continue reading Advanced Revenue Management Process

Advanced Revenue Management- Basics

ARM offers features to automate Revenue recognition and Revenue deferral.  These features allow the company to recognize revenue independently from billing customers and receiving payments.          Revenue Recognition  Revenue recognition considers when revenue is recognized when it is earned and realized. Revenue is recognized in the period in which goods and services… Continue reading Advanced Revenue Management- Basics