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

Defining the general ledger and Chart of Accounts

Every client I have worked with within NetSuite wants to use the financial features. I suppose it would be possible to only use NetSuite's customer relationship management (CRM) features and not the general ledger, but I haven't seen this done yet. That means they're going to want to set up their Chart of Accounts (COA) next (I'm assuming here that you have a basic understanding of business accounting as we cover this topic, by the way).

The Accounts list in NetSuite is found at Setup | Accounting | Chart of Accounts. Out of the box, NetSuite includes a list of the most common accounts most businesses will use, but you'll find you don't use that list very often. More commonly, the business will bring a list of accounts with them from their current business and, for the most part, will want to use the same account names and numbers. This is OK, as you can help them use the CSV Import feature to bring...