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

Managing Revenue recognition with Advanced Revenue Management

Revenue recognition (rev rec) is an important topic for any company (for-profit or otherwise) that enters contracts of any sort with their customers. The financial industry has settled on standards and practices for accountants to follow around recognizing revenue so that investors, governments, and others can confidently compare financial results from all businesses. In the past, without these standards, it was difficult to know what makes a company stronger or more successful than others, based solely on their financial reports. Companies that sell all of their products or services in a very short-term time frame don't have this problem, since they both bill for their products and receive payments in a relatively short-term time. However, companies who enter into years-long contracts with their customers, such as cable TV providers or software publishers, must follow these rules so that their revenue reporting is...