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

Gathering requirements for Record to Report (RTR) transactions

The name of this process sounds very generic, but this is for a good reason – it is. You may be thinking, RTR could include anything, but it's meant to convey a sense of the general setup we need to do in the account and then a financial connection. This is a process every business (including non-profits) has since it includes things such as setting up the accounting periods and accounting preferences, and defines how they will use journal entries and perform period closes. This also includes any other sort of around-the-edges adjustments that every business needs from time to time. Whether they sell inventory or collect donations for a charity or trade cyber currencies, every business needs to make occasional adjustments to their accounting.

Here are some topics to cover when analyzing the client's RTR needs:

  • How do they want to track accounting periods in NetSuite? (We talked about this in...