Author: Shanet Shaji

Customer DepositThe customer deposit feature allows users to track cash in and post a deposit to a Customer Deposit account of the type Other Current Liability. Customer deposits can be made using a credit card or other accepted payment type. When a customer deposit is created from a sales order, those funds are tied to… Continue reading NetSuite Deposits

To work with vendor prepayments, the feature has to be enabled first. To enable the Vendor Prepayments feature:Navigate to Setup > Company > Setup Tasks > Enable Features.Click the Accounting subtab.Under the Basic Features section, verify that the A/P box is checked. Under the Advanced Features section, check the Vendor Prepayments box. Click Save.After enabling… Continue reading How to Set Up Vendor Payments

NetSuite Inventory Management provides a single, real-time view of inventory across all locations and sales channels, allowing businesses to reduce inventory on hand to free up cash while avoiding stockouts. By optimizing inventory levels and ensuring product availability across multiple channels, NetSuite Inventory Management helps businesses keep inventory costs low while exceeding customer expectations. NetSuite… Continue reading What is NetSuite Inventory Management?

NetSuite financial management solutions expedite daily financial transactions, reduce budgeting and forecasting cycle times, ensure compliance and accelerate the financial close. NetSuite Financial Management Benefits Close with Confidence. Accelerate the financial close and maintain compliance with accounting standards. Report with Accuracy. Drill down into underlying details and understand the impact on our business. Real-time Information. Improve performance with… Continue reading What is NetSuite Financial Management?

NetSuite invoice management capabilities help companies maintain positive vendor relationships by automating the receipt of ordered items, processing invoices, and remitting payments in a timely manner. After a purchase order, receipt and bill have been entered into the system, NetSuite performs a three-way match to correlate data on these documents. Once approved, the accounts payable… Continue reading Invoice Management

NetSuite Warehouse Management System (WMS) is a key component for theefficient operation of a warehouse. It extends NetSuite implementation and itsinventory and warehouse management features so we can better manageinventory and warehouse transactions.Using a mobile device and processes customized to warehouse setup, NetSuiteWMS helps improve inventory accuracy and reduce the time spent searching forand handling… Continue reading WMS (Warehouse Management)

Purchase Order does not include the vendor’s shipping address. Users can create a custom field that will source the default ship-to address entered on the vendor record. 1. Navigate to Customization > Lists, Records, & Fields > Transaction Body Fields > New.2. Enter a field name for Label.3. Set Type as Text Area.4. Uncheck the… Continue reading Shipping address purchase order

NetSuite WMS is a hybrid-deployment solution that helps businesses streamline operations using industry-wide best practices to minimize handling costs. Its multi-location management facility includes scope for inventory management, shipping management, and returns management from a centralized platform.Integrated with the native NetSuite ecosystem, it optimizes unique workflows to drive efficient processes, eliminate paper-pushing, and utilize warehouse… Continue reading Why use NetSuite WMS?

Solution Create a CSV file containing 2 columns: Vendor Internal ID, Subsidiary Internal ID Navigate via Setup > Import/Export > Import CSV Records Set the following in Import Assistant: Import Type: RelationshipsRecord Type: Vendor-Subsidiary RelationshipData Handling: Add or update other changes that are needed in the Advance Options Field Mapping step: Fields should be automatically… Continue reading Importing multiple subsidiaries for a single vendor

Primary Subsidiary can only be removed from a vendor record if there is no transaction entered yet with the vendor. Once a transaction has been posted with a vendor, we cannot remove the primary subsidiary from the record. Other Subsidiaries (other than the Primary Subsidiary) can be removed from a vendor record: Open Vendor Record… Continue reading Removing Primary Subsidiary on Vendor Record