Author: Parvathi M R

• Tax nexus – each nexus in which you collect and pay taxes. • Tax schedule – Tax schedules permit different calculations of taxes on items, for different nexuses.  When the Advanced Taxes feature is enabled, the system creates tax schedules for each tax code. • Tax codes – represents a tax collected from customers… Continue reading Tax Components

Workbook is an analytical tool available in NetSuite. It provides an alternative to saved searches and  reports. It combines reporting, searching, and charting in a single tool. It can be used to analyze all of  NetSuite’s record types. Features • Drag and drop user Interface & easy to use tool for reports customization. • Highly… Continue reading Features of workbook

When related companies within a consolidated company transact, keeping correct books may require eliminating the revenue and expenses for subsidiaries at the consolidated level to remove the effect of investment in subsidiaries. You create elimination subsidiaries in the same manner that you create other subsidiaries except that you check the Elimination box on the subsidiary record. • Does… Continue reading Elimination Subsidiary

Triggers are based on events that occur during the processing of a record in NetSuite and dictate when the  workflow should perform certain tasks. SuiteFlow includes two types of triggers. 1. Server Triggers Server triggers occur when a record is read from or written to the NetSuite database or when  a record enters or exits… Continue reading Types of triggers in workflow

We use action groups to execute multiple actions based on the same set of conditions. Action groups make the maintenance of workflows easier because the conditions and other settings of multiple actions in the group are entered and updated at one time on the parent group. To use action groups, create an action group, define… Continue reading Action Groups in Suiteflow

To find the currency revaluations related to a transaction If the transaction in Open period Navigate to Transactions > Financial > Revalue Open Currency Balances Set the relevant filters particularly the Subsidiary and Posting Period Look for the relevant account Hit the View link found at the right-end of the account row The Foreign Currency… Continue reading Related Currency Revaluations for an Account or Transaction

NetSuite enables the management of numerous subprojects within a single master or parent project. Each subproject functions independently but is linked back to the parent project through the Relationships and Related Records subtabs. Within the Relationships subtab, there is a specific SubProjects sub-subtab that lists all child projects. How to create the Sub-Project under a… Continue reading How to create Sub-Projects in NetSuite

 Tasks are records used to track work items that need to be completed within a certain time. It can be assigned to you or to another person in your organization. There are two different types of task in NetSuite. CRM Tasks Project Tasks CRM Tasks You can create a task record and assign it to… Continue reading Types of task in Netsuite

Basic Projects: To track projects with basic project records. Project Management. When you use the Project Management feature, you can do everything that the basic Projects feature enables you to do, and more. You must enable both the Projects feature and the Project Management feature.  Projects and Milestone Billing. You can bill customers for project… Continue reading Suite Project Modules and features

It is possible to create the COA without Account numbers even it is a mandatory field in COA record. We can remove account numbers that appear in your chart of accounts, transactions, and on most financial reports. Go to Setup > Accounting > Accounting Preferences. Click the General subtab, Uncheck the Use Account Numbers box.… Continue reading Create the COA without account numbers