The India Localization SuiteTax Engine SuiteApp lets you generate invoices with Quick Response (QR) codes for customers with registration type as Unregistered. A QR code contains coded information about an e-invoice. In India, a dynamic QR code must be present on B2C invoices to enable digital payments as per Notification No. 14/2020-Central Tax. B2C transactions refer… Continue reading Generating Invoices with QR Codes for India
Category: NS Administration
All articles / code related to Netsuite administration
Depreciation Rules for Fixed Assets in NetSuite
As a Fixed Asset Accountant, you’ll often work with NetSuite to record assets. One really important part of this process is setting up depreciation rules. These rules determine how assets lose their value over time, which is important for financial reporting. Administrators should take the lead in setting up the depreciation rules, as this is an… Continue reading Depreciation Rules for Fixed Assets in NetSuite
Understanding the Governance Changes for Concurrent Web Service Users
If your NetSuite integrations depend on concurrent SOAP web service requests, it’s important to understand recent governance changes that impact how these requests are managed. These updates specifically affect the Concurrent Web Service User setting on user records, particularly for accounts utilizing SuiteCloud Plus licenses. Key Governance Updates Before NetSuite 2017.2, accounts with SuiteCloud Plus licenses were guaranteed 10 concurrent SOAP requests per… Continue reading Understanding the Governance Changes for Concurrent Web Service Users
Reversing Completed Item Receipt Transactions
You can reverse item receipt transactions generated through the mobile receiving process. You can choose to reverse line items across single or multiple purchase orders, transfer orders, or return merchandize authorizations (RMA). You can reverse entire line items only. You cannot process partial line item reversals. Note: Reversals for item receipts associated with inbound shipments… Continue reading Reversing Completed Item Receipt Transactions
Sending Collection Letters in Bulk
To manage collections, set up a group based on a search for customers with balances past due for 30,60 or 90 days. You can then use the Mail Merge feature to generate a notice to send to customers via e-mail, letter or fax. For example, customer Mary Smith’s last statement showed a balance of $100.00,… Continue reading Sending Collection Letters in Bulk
Southeast Asia Localization SuiteApp Enhancements for Ease of Paying Taxes Invoicing Compliance
This notice is intended for customers with the Southeast Asia Localization SuiteApp (Bundle ID 298382) installed in your NetSuite account. The Southeast Asia Localization SuiteApp version 7.00.0 is targeted for release on December 03, 2024. What is Changing? To comply with Republic Act No. 11976, or the Ease of Paying Taxes (EOPT) Act, Southeast Asia… Continue reading Southeast Asia Localization SuiteApp Enhancements for Ease of Paying Taxes Invoicing Compliance
NetSuite Text Enhance Expansion to United Arab Emirates
What is Changing? NetSuite plans to automatically enable the Text Enhance generative artificial intelligence (AI) capability for accounts based in the United Arab Emirates that are hosted in Frankfurt or Amsterdam as of February 7, 2025. Recommended Actions No action is needed if you want the Text Enhance generative AI capability available for your NetSuite… Continue reading NetSuite Text Enhance Expansion to United Arab Emirates
Auto-Create Rule Behavior Change
This notice is to inform you of an upcoming change in the behavior of auto-create rules. As a user of auto-create rules, this change will affect your workflow. This change will be implemented in NetSuite version 2025.1. What is Changing? The Make Auto-Create Rule From Selected Transactions box on the Match Bank Data page will no longer… Continue reading Auto-Create Rule Behavior Change
Revenue Recognition Discrepancy in NetSuite
Issue: A revenue recognition discrepancy was identified in NetSuite for certain sales orders. Changes made to the quantity and rate of specific items were not properly reflected, causing NetSuite to recognize revenue based on the original entry instead of the updated values. Cause: This happened because the Revenue Arrangement and Revenue Plan were created before… Continue reading Revenue Recognition Discrepancy in NetSuite
NetSuite Admin Tip | Exploring Transactions, Items, and Inventory Assignments
Exploring Transactions, Items, and Inventory Assignments offers businesses a detailed perspective on how inventory is managed across various processes. This approach enables businesses to track transactions effectively, analyze item movements, and review inventory assignments across storage locations. By understanding these elements, businesses can optimize inventory operations, improve accuracy, and ensure seamless flow throughout their supply… Continue reading NetSuite Admin Tip | Exploring Transactions, Items, and Inventory Assignments