Financials & Accounting

Here’s a quick tip to include remittance detail in any payables file produced by the Electronic Payments module in NetSuite. The primary file loops over

“You need to own getting this correct. What kind of validation did you do?” I got this message from my boss within a few months

How do you handle U.S. sales tax in NetSuite?  There are essentially three options: 1) LegacyTax, 2) SuiteTax and 3) third-party integration.  Here is my

Do you need to create a NACHA file to send to the bank?  NetSuite’s Electronic Payment module can handle that.  Your bank will typically provide

When scoping an ERP implementation in NetSuite, it is important to consider the necessity and difficulty of migrating consolidated trial balances (not just the subsidiary

NetSuite expense allocations are a great way to allocate expenses (or revenue) by segment/account. One difficulty that you may run into is that expense allocation journals

Currency revaluation transactions are automated out of NetSuite. The first couple are straightforward; however, base currency adjustments can create confusion. Here are all foreign currency

Here are the key considerations that I pose to my clients when we are designing a vendor bill approval workflow in NetSuite. This is not

Have you needed to pull the exact inventory quantity, value or average price out of NetSuite at a historical point in time?  It’s easy in

How much do you pay a tax accountant to assess your fixed asset listing?  Would you like to do it in NetSuite?  It’s possible if

When does your company invoice in NetSuite? There are a variety of options and is mostly impacted by industry type. Standard Manufacturing 📃 Upon fulfillment (daily).

The financial services, or “finserv,” industry comprises insurance companies, mortgage lenders, financial institutions, credit unions, and other companies that provide financial services to entities including