In NetSuite, the Currency Exchange Rate Record is used to define the exchange rates between different currencies used in the system. This is crucial for financial transactions, reporting, and conversions when dealing with multi-currency accounts and international business. Here’s a detailed breakdown of what the Currency Exchange Rate Record is and how it functions: Purpose… Continue reading Currency Exchange Rate Record
Author: Nithin Manoj
Memorized Transaction in Netsuite
Memorized transactions in NetSuite are a feature that allows users to save and automate recurring transactions. These transactions are often used for entries that happen on a regular basis, such as monthly payments, billing cycles, subscriptions, or payroll. By memorizing a transaction, NetSuite allows users to save the transaction template and automatically recreate it in… Continue reading Memorized Transaction in Netsuite
Inline editing for child record, directly from the parent record
Inline editing for child record fields directly from a parent search is not possible by default in NetSuite. This is due to the way child records are handled in saved searches. In NetSuite, when you’re working with a parent record (like a Customer, for example) and joining child record fields (like fields from related transactions… Continue reading Inline editing for child record, directly from the parent record
Cost Calculation in NetSuite
Cost calculation in NetSuite depends on multiple factors, including inventory valuation methods, landed costs, work-in-process (WIP), and cost categories. Below is a breakdown of how NetSuite calculates costs in different scenarios. 1. Costing Methods in NetSuite NetSuite provides different inventory costing methods, and the method chosen affects cost calculation. a) Average Costing The system calculates… Continue reading Cost Calculation in NetSuite
Cost Calculation in NetSuite
Cost calculation in NetSuite depends on multiple factors, including inventory valuation methods, landed costs, work-in-process (WIP), and cost categories. Below is a breakdown of how NetSuite calculates costs in different scenarios. 1. Costing Methods in NetSuite NetSuite provides different inventory costing methods, and the method chosen affects cost calculation. a) Average Costing The system calculates… Continue reading Cost Calculation in NetSuite
Best Practices to Handle Governance in a Map/Reduce Script
Handling governance efficiently in a Map/Reduce script ensures smooth execution without hitting NetSuite’s API limits. 1. Get (Load) Input Data Stage This stage fetches data to process in the script. Best Practices: Use search.create().runPaged() instead of run() to process large datasets efficiently in batches. Avoid unnecessary field retrievals; use search.lookupFields() instead of record.load() when only… Continue reading Best Practices to Handle Governance in a Map/Reduce Script
Governance Usage in Each Stage of Map/Reduce Script
Map/Reduce scripts have four stages: Get (Load) Input Data, Map, Reduce, and Summarize. Each stage has different governance considerations. 1. Get (Load) Input Data Stage This stage fetches data to process in the script (e.g., search results, JSON data, file parsing). Governance Considerations: search.create().run().each() → 10 units per record search.lookupFields() → 1 unit per record… Continue reading Governance Usage in Each Stage of Map/Reduce Script
Landed Cost in NetSuite
Landed cost is the total cost of acquiring a product, including purchase price, shipping, duties, insurance, and other fees. In NetSuite, landed costs help businesses accurately calculate inventory valuation and cost of goods sold (COGS). . Components of Landed Cost in NetSuite Landed costs in NetSuite can include multiple cost components: Freight Charges – Shipping… Continue reading Landed Cost in NetSuite
Customer Id generation and listing in the field
If you click the field help on Customer ID, it says: “Enter the name of this customer, prospect or lead the way it should appear in all lists and on the Pay to the Order of line of checks. If you use Auto-Generated Numbering, the customer number or code fills here. Enter the… Continue reading Customer Id generation and listing in the field
Digital Certificate in netsuite
In NetSuite, a Digital Certificate is primarily used for secure communication between NetSuite and external systems. It ensures encrypted data transfer and provides authentication for integrations, particularly when using Web Services, RESTlets, and SuiteTalk APIs. Key Use Cases for Digital Certificates in NetSuite Secure API Integration Used to authenticate RESTlet and SuiteTalk (SOAP-based) integrations. Enables… Continue reading Digital Certificate in netsuite