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

Tracking Vendor Prepayments and making Vendor Payments

Every company with Vendor Bills must pay them, somehow, at some time. But some businesses also need to prepay for their orders from some of their vendors. These can be called deposits or prepayments by the client, but in the system, we refer to them as Vendor Prepayments (VPPs). They are entered like other payments, except that each VPP can be applied to just one Purchase Order. NetSuite can automatically apply these VPPs to the Vendor Bill when it's created if you've enabled that option (in Accounting Preferences). We can disable this feature if the client prefers to apply VPPs to POs manually. NetSuite tracks the list of VPPs for each Vendor and makes it easy enough to associate them with Vendor Bills as they are created, but generally, it's easier to let the system apply the VPP to the Bill for you.

When the time arrives to train users on creating Vendor Payments, we show A/P users how to use the Pay Bills...