We can set up how time entries are classified by default when resources enter time against projects they work on. This determines how project time is entered and used in calculations for project utilization and productivity. Time that resources enter against a project can be classified as utilized time, productive time, and/or exempt. This helps… Continue reading Classifying Time for Projects
Tag: #projectmanagement
Setting a Service Item to Create a Project
Using Project Management, you can set up a service item to a create project each time you sell the item. This option is available for Service For Sale and Service for Resale items only. You designate a service item to create a project and identify the tasks for the project. Then, after selling the items,… Continue reading Setting a Service Item to Create a Project
Project Management in NetSuite: Key Terms and Concepts
Project Account Configuration Project Offerings Project offerings in NetSuite refer to the different types of services or deliverables that a project provides. These can include consulting, software development, implementation, and support services. Proper configuration of project offerings ensures that each project aligns with the specific needs and expectations of the client. Account Configuration Account configuration… Continue reading Project Management in NetSuite: Key Terms and Concepts
Enabling Project Features
To track projects with basic project records, you must enable the Projects feature. For more information on basic projects, read Basic Projects. To track projects with more advanced project records, you must enable both the Projects feature and the Project Management feature. For more information, read Using Project Management. To use milestone billing with Project Management, you… Continue reading Enabling Project Features
Managing Billing Rates with Billing Rate Cards
Using billing rate cards allows organizations to define different billing rates for groups of billing classes, streamlining the process of setting billing rates on charge-based projects using time-based charge rules. This system enables flexible rate negotiation for various roles required to complete projects for customers. For instance, Customer A might be billed at $150 per… Continue reading Managing Billing Rates with Billing Rate Cards
Creating Billing Class
To create Billing Classes Go to Setup > Accounting > Billing Classes > New. On the Billing Class page, enter the name of the billing class. For example, enter Junior Partner or Senior Partner. If you use multiple units of measurement and charge-based billing, you can select a price, unit type, and sale unit to use… Continue reading Creating Billing Class
Charge Based Billing in Project
In NetSuite, “Charge-Based” billing type is a method of billing clients for projects. Charge-Based billing is used when billing clients for actual costs incurred, plus a markup. This billing type is commonly used for projects with variable costs, such as consulting or professional services. In NetSuite, you can set up charge-based billing at the project… Continue reading Charge Based Billing in Project
Single Project Template for Multiple Subsidiary
A project template enables to create standardized NetSuite project records helping us save time when setting up new projects. Templates ensure that project records are created consistently, following predefined structures and settings without errors. While creating a project record from a sales order, the transactions subsidiary is populated to the project. The templates subsidiary has… Continue reading Single Project Template for Multiple Subsidiary
Project Template Creation
The Project Management Module in NetSuite is designed to help organizations manage their projects efficiently with the help of set of tools to plan, execute, monitor, and complete projects while maintaining alignment with financial and resource management processes. A project template enables to create standardized NetSuite project records helping us save time when setting up… Continue reading Project Template Creation
Earned Value Management in Project Management
In the realm of project management, keeping tabs on project progress, costs, and schedules is crucial for success. This is where Earned Value Management (EVM) comes into play. EVM is a systematic approach that integrates scope, schedule, and cost to provide a clear picture of a project’s performance. Let’s delve into the key components and… Continue reading Earned Value Management in Project Management