Project Budgeting and Forecasting in NetSuite

Introduction: Importance of budgeting and forecasting in managing project costs and timelines. Step-by-Step Guide: Setting Up Project Budgets: Navigate to the “Budget” subtab in a project. Define budget categories (e.g., labor, materials, overhead). Enter budget amounts for each category. Creating Forecasts: Use the “Forecast” subtab to project future costs and revenues. Enter forecast assumptions and… Continue reading Project Budgeting and Forecasting in NetSuite

Effective Resource Allocation in NetSuite Projects

Introduction: Importance of proper resource allocation in project success. Step-by-Step Guide: Defining Resource Roles: Navigate to “Resources” and define roles (e.g., Developer, Designer, Project Manager). Assign skills and competencies to each role. Allocating Resources to Projects: Go to the “Resources” subtab in a project. Select and allocate resources based on their availability and skill set.… Continue reading Effective Resource Allocation in NetSuite Projects

Mastering Project Accounting in NetSuite

Introduction: Overview of project accounting and its importance in financial management. Step-by-Step Guide: Setting Up Project Billing: Navigate to the “Billing” subtab in a project. Define billing types (fixed-fee, time & materials, etc.). Set up billing schedules and milestones. Expense Management: Go to the “Expenses” subtab. Enter project-related expenses and categorize them appropriately. Attach receipts… Continue reading Mastering Project Accounting in NetSuite

Getting Started with NetSuite Project Management

Introduction: Brief overview of what NetSuite Project Management is and its importance. Step-by-Step Guide: Accessing the Project Management Module: Navigate to the Project Management module within NetSuite. Locate the Projects section under the main menu. Creating a New Project: Click on “New Project.” Fill in the project details such as Project Name, Customer, Start Date,… Continue reading Getting Started with NetSuite Project Management

Report for getting a comparison on Customer deposits with applied and Unapplied amounts

we create a Transaction saved search (Lists > Search > Saved Searches > New > Transaction). We create a Transaction saved search (Lists > Search > Saved Searches > New > Transaction). The search criteria are pretty basic: Add filters Type is any of Payment, Customer Deposit and Main Line is false as illustrated below. If necessary, add other… Continue reading Report for getting a comparison on Customer deposits with applied and Unapplied amounts

Script for FInancial Institution record creation

     // Create a financial institution record var newFIRecord = record.create({   type: record.Type.FINANCIAL_INSTITUTION,   isDynamic: false,   defaultValues: null }).setValue({   fieldId: ‘financialinstitution’,   value: ‘New XYZ Bank’ }).setValue({   fieldId: ‘description’,   value: ‘Description for XYZ Bank’ }).save();   // Load a financial institution record var createdFIRecord = record.load({   type: record.Type.FINANCIAL_INSTITUTION,   id: 1,   isDynamic: false }); // Get value of the… Continue reading Script for FInancial Institution record creation