Client Request:
“We need a more efficient system for budgeting and managing project expenses and costs. It’s crucial that we can define a Work Breakdown Structure (WBS) for our projects, providing a structured framework for budgeting and financial control. Can you provide a solution to meet these requirements?”
Solution:
Feature: ADVANCED PROJECT BUDGETS
NetSuite’s Advanced Project Budgets feature effectively addresses these needs. By utilizing this feature, you can create a custom hierarchical structure for tracking project expenses and costs, tailored to your specific project management requirements. Moreover, the feature enables you to define a Work Breakdown Structure (WBS) for projects, offering a comprehensive framework for organizing project components and expenses. With this solution, you can elevate your project cost management and budgeting processes, ensuring precision and control in your financial management.
Navigation:
To enable NetSuite’s Advanced Project Budgets feature, Go to
Setup -> Company -> Enab;e features -> General tab -> Advanced Project Budgets
