Book Image

NetSuite ERP for Administrators

By : Anthony Bickof
Book Image

NetSuite ERP for Administrators

By: Anthony Bickof

Overview of this book

NetSuite ERP is a complete, scalable cloud ERP solution targeted at fast-growing, mid-sized businesses and large enterprises. It's the smartly executed combination of financial management operations and built-in business intelligence, which enables companies to make data-driven and well-informed decisions. This book will help administrators become expert enough to be seen as the NetSuite leader at their company and to be able to advise department heads on specific processes, and strategic decisions. We start with an overview of ERP and NetSuite ERP, before going on to explain the built-in features to show the breadth of NetSuite ERP's product and its ease of use. We then discuss business aspects, focusing on the most important processes in NetSuite. Then you'll understand the implementation aspects that are generic enough to cover all the features. The focus then shifts to specific skills that you will need to administer for any system, such as roles, permissions, customization, and data imports. Moving on, you'll learn how to centralize the creation of search templates and give users the tools to pivot the data and expose it to the user in useful ways, such as on the dashboard. The book ends with checklists providing actionable steps that you as an administrator can take to do your job and support the application through new releases and troubleshooting problems.
Table of Contents (21 chapters)
Title Page
Copyright and Credits
Dedication
Contributors
Packt Upsell
Preface
Index

Subsidiary hierarchy


The first step is to set up the subsidiaries and subsidiary hierarchy; in other words, to determine which subsidiaries report to parent subsidiaries. This may be very simple, where all subsidiaries report to the same parent:

Subsidiary hierarchy example

Alternatively, it can be more complex, as follows:

Complex subsidiary hierarchy example

Once set up, NetSuite has the ability to report by each subsidiary individually (such as the UK or South Africa) or for a group of subsidiaries. A financial report for Americas, for instance, would incorporate all the transactions for all of the children of Americas, namely USA, Mexico, and Canada, and a report for the entire consolidated company would return the results for the subsidiaries.

The report would be displayed in the currency of the node or level that is being reported on, so EMEA financials are reported in € irrespective of whether all the children use €. Transactions in the UK, Switzerland, and South Africa would all be converted...