Author: Navya K K

Understanding A/R Aging and A/P Aging in NetSuite In the realm of accounting and finance, managing accounts receivable (A/R) and accounts payable (A/P) is crucial for maintaining healthy cash flow and financial stability within a business. NetSuite, a popular cloud-based ERP system, provides robust tools to streamline these processes, including A/R aging and A/P aging… Continue reading Understanding A/R Aging and A/P Aging in NetSuite

Costing methods play a crucial role in determining how a company values its inventory and, subsequently, how it impacts its financial statements. In Netsuite, a leading cloud-based ERP system, there are several costing methods available, each with its own implications on the General Ledger (GL) and financial reporting.   One of the most common costing… Continue reading Costing methods and its GL impact in Netsuite

Understanding Work Orders in NetSuite Work orders play a pivotal role in managing manufacturing processes efficiently within NetSuite, a comprehensive cloud-based business management solution. A work order serves as a blueprint, detailing the steps required to assemble or manufacture a product. It encompasses essential information such as materials needed, labor requirements, scheduling, and other pertinent… Continue reading Understanding Work Orders in NetSuite

What is Employee Commision plans?​ ​NetSuite offers businesses a robust solution for managing employee commission plans. These plans are designed to incentivize sales teams and drive performance. With NetSuite’s commission management module, companies can create customized commission structures tailored to their specific needs.   Key features of NetSuite’s employee commission plan include:   Flexible Commission… Continue reading Employee commission plans