How to Set Up Price Groups in NetSuite

Managing pricing efficiently is a critical aspect of any business, and NetSuite offers a powerful feature called Price Groups to simplify this process. Price groups allow businesses to assign customer-specific price levels for groups of items, ensuring flexibility and accuracy in pricing. Here’s a step-by-step guide to setting up price groups in NetSuite. What Are… Continue reading How to Set Up Price Groups in NetSuite

Subsidiary Management in NetSuite: A Comprehensive Overview

Managing multiple subsidiaries efficiently is a critical aspect of global business operations. NetSuite OneWorld offers a robust solution for subsidiary management, enabling businesses to streamline operations, maintain compliance, and gain real-time insights across their organizational structure. Here’s a closer look at how subsidiary management works in NetSuite. Key Features of Subsidiary Management Hierarchical Structure: NetSuite… Continue reading Subsidiary Management in NetSuite: A Comprehensive Overview

Understanding Vendor Credit and Credit Memo in NetSuite

NetSuite provides powerful tools to manage financial transactions efficiently, including Vendor Credits and Credit Memos. While both serve the purpose of adjusting accounts, they are used in different scenarios and have distinct functionalities. Here’s a detailed comparison to help you understand their roles. What is a Vendor Credit? A Vendor Credit is issued by a… Continue reading Understanding Vendor Credit and Credit Memo in NetSuite