Book Image

NetSuite for Consultants

By : Peter Ries
Book Image

NetSuite for Consultants

By: Peter Ries

Overview of this book

NetSuite For Consultants takes a hands-on approach to help ERP and CRM consultants implement NetSuite quickly and efficiently, as well deepen their understanding of its implementation methodology. During the course of this book, you’ll get a clear picture of what NetSuite is, how it works, and how accounts, support, and updates work within its ecosystem. Understanding what a business needs is a critical first step toward completing any software product implementation, so you'll learn how to write business requirements by learning about the various departments, roles, and processes in the client's organization. Once you've developed a solid understanding of NetSuite and your client, you’ll be able to apply your knowledge to configure accounts and test everything with the users. You’ll also learn how to manage both functional and technical issues that arise post-implementation and handle them like a professional. By the end of this book, you'll have gained the necessary skills and knowledge to implement NetSuite for businesses and get things up and running in the shortest possible time.
Table of Contents (27 chapters)
1
Section 1: The NetSuite Ecosystem, including the Main Modules, Platform, and Related Features
5
Section 2: Understanding the Organization You Will Implement the Solution for
11
Section 3: Implementing an Organization in NetSuite
21
Section 4: Managing Gaps and Integrations
Appendix: My Answers to Self-Assessments

Implementing currency management

NetSuite is available globally now, which means that it must support everything businesses in various regions around the world require. That includes things such as language translations and data storage rules for the EU versus the US, for instance, and this also means we need a set of features related to currency management. When a business tracks all of their work in just one currency, they can set that as the default and then use that one currency for all transactions and reports and so on. But many companies today work in regions where multiple currencies are required, and NetSuite has them covered – for the most part.

The Multiple Currencies feature can be enabled by going to Setup | Company | Enable Features. At this point, the business must select a base currency to act as their default (that is, most common) currency for transactions and reports. Every other currency they enable will be referred to as a foreign currency. For example...