NetSuiteERP

Overview, Comparison, & Features

NetSuite ERP is a scalable cloud ERP platform designed for the requirements of fast- growing medium-sized and enormous enterprises. It automates a variety of business processes including inventory management, billing, order management, fixed assets, revenue management, and financial management

Learn What NetSuite Can Do For You

NetSuite ERP is utilized by thousands of organizations for their accounting requirements, such as expense management, financial close, auditable and streamlined revenue management, and real-time visibility into the enterprise’s financial performance. The accounting module’s effectiveness is expanded by its seamless integrations with other NetSuite solutions, such as e-commerce, CRM, inventory, and order management tools.



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Key Modules

First lets understand what to expect from this software in a general overview.

Features:

  • Accounting
  • Audit Trail Visibility
  • Order-to-Cash
  • Procure-to-Pay
  • Tax Management
  • Billing Management and Invoicing
  • Core HRIS
  • Financial Planning
  • Flexible Billing Scheduling

  • Human Capital Management
  • Incentive Compensation Management
  • Integrated Process Workflow
  • NetSuite TribeHR
  • Payroll Services
  • Recurring Revenue Management
  • Revenue Recognition Management
  • Shipping & Fulfillment

Pros & Cons:

Pros:

  • Handle multiple business units.
  • Support multiple currencies.
  • Employee data is easily searchable.
  • Importing and exporting of files is simple.

 Cons:

  • Report generation.
  • Customization needed.
  • Better layout for vendor management.
Why Choose NetSuite?

NetSuite’s built-in functionality allows it to support multiple applications under one platform, reducing costs and enhancing productivity with almost no extra cost of needing consultants to form each system and work together as one application. NetSuite also sends all this data to clear and simply customizable dashboards.

  • Real-Time Metrics Visibility
  • Reduced IT Costs
  • Single Platform for Multiple Services
  • Easy to Customize and Integrate


FAQ
Does NetSuite do billing?
NetSuite's unified billing invoicing  framework supports transaction, subscription, usage-based and any hybrid model thereof, all while managing revenue accurately and in accordance with the latest revenue recognition standards
How can I create a billing schedule in NetSuite?

  1. Enter the name for Billing schedule.
  2. Enter the initial amount which needs to be added in first billing.
  3. Define payment terms for first bill.
  4. Define billing Frequency.
  5. Define recurrence frequency type based on that bill will be scheduled.
  6. Define Recurrence Count which defines no.
  7. Define recurrence payment terms.
What is billing schedule in NetSuite software ?

NetSuite Billing and invoicing schedules are records used to determine the recurring billing that an order or individual line should use to generate invoices. The software allows invoices generated from sales orders to properly date themselves and behave according to the schedule.

How can I print an invoice on NetSuite?

  1. Navigate to Home > Set Preferences.
  2. Under General tab > Defaults section, check Download PDF Files.
  3. Click Save.
  4. Navigate to Transactions > Management > Print Checks & Forms.
  5. Select the transaction (e.g. Invoice).
  6. Select the transactions to print.
  7. Click Print
How do I add terms in NetSuite software?

To add new payment terms, go to Setup > Accounting > Accounting Lists > New and click Terms. Choose how often the recurring invoices are generated.

How can I pay bills on NetSuite?

Step 1: Go to Transactions → Payables → Pay Single vendor. 

Step 2: In the NetSuite Bill Payments' page, choose the vendor or Payee from the dropdown menu. Use this payment option in the event that you have multiple vendor bills to pay for one vendor only.

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