Author: Sandhra Simon

Contract Manufacturing Discovery Questions

If you use a contract manufacturer to produce goods on your behalf, follow the Contract Manufacturing Processes in Leading Practices. Two types of contract manufacturing are supported in NetSuite: Tolling and Turnkey. • Turnkey: The contract manufacturing plant sources all raw materials and charges one fee inclusive of materials and labor. • Tolling: The contract… Continue reading Contract Manufacturing Discovery Questions

Top 6 Construction Accounting Errors

For growing firms trying to manage hectic schedules, it’s all too easy to make construction accounting mistakes, from inaccurately estimating jobs to signing contracts without adequate scrutiny. Here are six of the most common construction accounting errors. Disorganization: It’s not easy to run a well-organized construction accounting department, especially for small contractors. When you’re trying to… Continue reading Top 6 Construction Accounting Errors

4 Construction Accounting Best Practices

Applying best practices for construction accounting can deliver benefits across the entire business. Accurate job costing, for example, can help businesses see where they’re making or losing money and react quickly before profitability is negatively impacted. Focus on accurate job costing. Since contractors are project-based businesses, accurately determining the cost of every project is key to… Continue reading 4 Construction Accounting Best Practices

Construction Accounting Concepts

Construction accounting includes unique concepts that reflect the specialized practices and requirements of the building industry. These concepts span the entire project lifecycle, from estimating to billing and revenue recognition. The billing method agreed on with clients may vary based on the type of project and the risks involved. Construction firms may even choose a… Continue reading Construction Accounting Concepts

Construction Accounting 101: Expert Guide for Contractors

Efficient and accurate accounting is as vital to success in construction as in any other industry. But despite being built on standard accounting principles, construction accounting is a specialized discipline because of the unique way construction companies operate. Construction accountants focus on managing the cost and profitability of large, individual projects versus product lines, for… Continue reading Construction Accounting 101: Expert Guide for Contractors

NetSuite vs. SAP: Compare ERP Solutions

When businesses start their search for ERP software that can help them run their business smarter and more efficiently, they have many options. It’s also a high-stakes decision, because selecting an ERP system is a big investment that can have a direct impact on your company’s growth and the ease of managing that growth. Organizations… Continue reading NetSuite vs. SAP: Compare ERP Solutions

Everything Inventory Visibility: What It Is, Why It Is Important and How to Improve It

What Is Inventory Visibility? Inventory visibility refers to a business’s ability to understand the inventory it has on-hand, its status and where it’s kept. Customers also rely on inventory visibility to find and buy products they want at any of your locations. Inventory includes goods, parts and raw materials for sale or used to build… Continue reading Everything Inventory Visibility: What It Is, Why It Is Important and How to Improve It

American Express Integration for Expense Reporting

With the AMEX Corporate Card Integration SuiteApp, you can automatically import expenses charged by employees to their corporate American Express (AMEX) cards. You can set up NetSuite to import expenses on a daily basis and map each expense to your existing expense categories. Employees receive an email notification when new expenses are available. A reminder… Continue reading American Express Integration for Expense Reporting

Case Studies: How NetSuite CRM Delivers Greater Customer Segmentation and Lead Scoring

With its full suite of applications that span the business processes of multiple departments, many organizations recognize the value that NetSuite brings to financial, professional services and operational teams. And frequently, these organizations also exploit the additional value of having a customer relationship management (CRM) system built on the same platform. These customers benefit from… Continue reading Case Studies: How NetSuite CRM Delivers Greater Customer Segmentation and Lead Scoring