When a customer makes an advance payment for an order, you can record the amount received as a Customer Deposit. These payments are recorded in your general ledger as a liability until the goods are actually delivered and do not affect the customer’s accounts receivable balance. When the order is filled, the deposit is applied […]
NetSuite 2020.1 Release – Top New Features
NetSuite 2020.1 version was released a few months back. Here are some of the key features of this release. In this article we have focused on the key features of this major release of Oracle NetSuite in 2020.
NetSuite Custom GL Lines Plug-in – for Custom GL Impact
NetSuite has a “Custom GL Lines Plug-in” feature which you can use for GL Lines customization. Most of the NetSuite users enter the journal entries manually. If you want to automate your journal entries – Custom GL Lines Plug-in feature comes in handy.
NetSuite Open Air Best Practices for Implementation
If you are implementing NetSuite OpenAir in your organization – in this article we are proposing some of the best practices within OpenAir that will help you achieve good results and for better performance. NetSuite OpenAir is the leading Professional Services Automation solution in the industry. Open Air is used by some of the well […]
How to Setup India Tax Bundle in Netsuite
Netsuite introduced a new localized product – India Suite Tax GST Localization Bundle. Previously, we do not have any localized tax management system for India in Netsuite. So they introduced a new localized tax management system which helps customers comply with local GST and TDS tax requirements. This article explain how to setup India Suite […]