Chapter 6: Understanding the Organization's Accounting and Finance

Every business, including not-for-profits, has some accounting to be done in NetSuite. However, since not every NetSuite client runs their business directly in the Enterprise Resource Planning (ERP) system, determining just the right mix of accounting features your client's organization should use is an important skill you will need to develop. This starts with understanding NetSuite's features and the terms used to describe them, but also requires an understanding of the laws and regulations for the region the business will operate in, along with other factors. By the end of this chapter, I hope you'll know how to do all these things, and get your client on the right track to maintaining their accounting and finances in NetSuite.

In this chapter, we will learn about implementing the following NetSuite features:

• Enabling features and setting up the accounting basics
• General Ledger...