In NetSuite, Planning and Budgeting refers to the process of forecasting financial performance, allocating resources, and managing expenses efficiently. It helps businesses automate budgeting workflows, improve forecast accuracy, and make data-driven decisions. NetSuite’s Planning and Budgeting module integrates with financial data to provide real-time insights, ensuring organizations stay aligned with their financial goals. Example: Planning… Continue reading Planning and Budgeting in NetSuite – Real Scenario (Retail Firm)
Author: Alin Raju
Auto-tag summary accounts during import -Netsuite
Summary Accounts need to be checked manually during COA Import in Netsuite. Solution to tag summary account automatically during import of Chart of Accounts in Netsuite. Configuration Procedures 1.Create a Custom Field name “Is Summary” under Other Record Fields and give record type as Account. 2.Keep the Custom field as checkbox and save. 3.Create a… Continue reading Auto-tag summary accounts during import -Netsuite
E-Invoicing (India)
E-Invoicing in India refers to the electronic generation and authentication of invoices under the Goods and Services Tax (GST) system. It is designed to standardize and streamline the invoicing process for Business-to-Business (B2B) transactions, exports, and certain other categories. The system ensures that invoices are reported to the GST portal and validated with a unique… Continue reading E-Invoicing (India)