CuriousRubik · Blog
Finance charges are also called as ‘Late Fees’. When customer not pay the invoice amount at a give time then company charge late fees/finance charges on invoices. Finance charges are usually calculated on monthly basis for all transactions.
Read article: How to Implement and Use Financial Charges
Requisition is a transaction generated by various employees of an organisation to request Purchasing department to procure a particular quantity of a material or a service for a particular date.
Read article: Creation of Requisition In NetSuite
A chart of account (COA) is a financial tool that provides a complete listing of every account in accounting system. In NetSuite, you can use the CSV import assistant to import the account information (or) you can create account records …
Read article: Creation of Chart of Accounts in NetSuite.
Purchase Request is a transaction generated by various employees of an organisation to request Purchasing department to procure a particular quantity of a material or a service for a particular date.
Read article: Creation Of Purchase Request In NetSuite
The Inventory levels to quickly service customer demand while not tying up valuable financial assets can be difficult even when using NetSuite demand and supply planning features.inventory levels aren’t sufficient to immediately satisfy …
Read article: Creating the Reallocating Items Procedure
In some countries it’s required to club some tax codes under a common head and apply all of them together. In such cases, you will have to create Tax Group and define all the applicable tax codes which will fulfil this regulatory …
Read article: Setting Up Tax Groups in NetSuite
Netsuite provides basic segments such as Classes, Location, Department and Subsidiaries. The custom segment feature in NetSuite that allows you to create unlimited Custom Segments to draw reports easily. You to create a number of …
Read article: Custom Segments overview in NetSuite.
Some companies provide services/goods to customers but they can’t send the bill/invoice to customer after item fulfillment/service provided time. They will generate a statement at the month end. At the time of statement generation total …
Read article: How to Implement Statement Charges