Financials Unlocked

How does your credit team manage transactions in NetSuite? Here are my personal best practices: The credit team is responsible for maintaining terms and credit

Do you record lease accounting (ASC 842) through spreadsheets?  NetSuite FAM streamlines lease accounting and is relatively simple to migrate. For the data migration, here

One question I heard a couple times last week at NetSuite SuiteWorld: How do I enter expenses that need to be amortized for which I

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