You're reading from NetSuite for Consultants, 2e Your comprehensive guide to becoming a successful NetSuite consultant in 2023

Product type Paperback

Published in May 2023

Publisher Packt

ISBN-13 9781837639076

Length 346 pages

Edition 2nd Edition

Tools

NetSuite

Concepts

Enterprise Resource Planning

Author (1):

Peter Ries

View More author details

Table of Contents (28) Chapters

Preface

1. Section I: The NetSuite Ecosystem, including the Main Modules, Platform, and Related Features

2. Introduction to the NetSuite Ecosystem, Platform, and Related Features FREE CHAPTER

3. Selecting and Applying an Implementation Methodology

4. Creating a Project Plan

5. Section II: Understanding the Client’s Organization

6. Documenting the Organization’s Requirements

7. Analyzing the Organization’s Users and Roles

8. Understanding the Organization’s Accounting and Finance

9. Getting to Know the Organization’s Entities and Items

10. Identifying the Organization’s Main Transactions

11. Section III: Implementing an Organization in NetSuite

12. Custom Forms, Records, and Fields

13. Centers and Dashboards

14. Items and Related Lists

15. Customers, Vendors, Contacts, and Other Entities

16. Financial Transactions and Period Closes

17. Procure-to-Pay Transactions

18. Order-to-Cash Transactions

19. Other Transactions and Custom Transactions

20. Analytics, Reports, and Data Exports

21. Section IV: Managing Gaps and Integrations

22. Managing Gaps and Creating Custom Automations

23. Managing Integrations

24. Managing Data Migrations

25. Other Books You May Enjoy

26. Index

Appendix: My Answers to Self-Assessments

Using Journal Entries

There are many reasons we end up with entries in the GL within an active NetSuite account. Some of those are user-initiated and some are system-generated. For instance, users create GL-posting transactions such as Invoices, Payments, and Journal Entries and in some companies, users will need to create Advanced Intercompany Journals (AIJs) as well. The system auto-generates a variety of journals as well, for things such as Fixed Asset Management and revenue recognition (rev rec). In most cases, we want the accounting team to know about the system-generated journals so that they can anticipate their impact on the business (and tweak them in the rare cases that this is needed). When a client requires a custom solution for things such as journals or the GL impact of other transactions (via SuiteScript), we want to be very careful both when delivering such customization (with ample testing, for instance), and afterward, as we also need someone to actively monitor...