However, the native system configurations are only some help to small to medium type environments where we can maintain a strong conduct of internal control while keeping an watching eye on the transactions taking place in and out of the system.

With large entities, comes the requirements for having a proper checklist to counter these internal frauds well in place and time.

That’s where we have NetSuite’s Strongpoint in picture!

What is Strongpoint?

Strongpoint is a NetSuite managed bundle built entirely on the NetSuite platform that automates some of the most manual and difficult aspects of SOX compliance and change management.

Any change made in the system has to be approved by an approval panel chain post which the change is recorded in the system.

The approvals we get during this process have to be justified by the approver further pressing for authenticity and actual requirement of this change on the management.

How does Strongpoint work in NetSuite?

1.  Accurate Automated Documentation

Strongpoint scans the entire ERP to read your customizations, settings and preferences made. It simultaneously records all the updates made to the system and we will always have a log of how things changed and were changed. All this happens in background automatically!

This indeed overcomes the drawback of System Notes which is record specific and is washed away on refreshes.

2. Change Management

There is a change management request form that has all the details capturing the change request, scope of change, impacted customizations and much more.

The impact of change is displayed on the Impact Analysis Tab before approver agrees to make these changes. Once approval is made, there is a page called What Changed allowing users to track and report the past changes creating a valid audit trail of transactions.

3. Optimization

Strong has a series of automation tools like automated saved search clean-up, unused customization clean-up, inactive user clean-ups, unused script clean-up and much more which optimize the NetSuite environment in-turn making the log trail easier for SOX purposes.

But, how does this help in SOX Compliance?

With, with having Strongpoint in place, leads to automation of several key aspects of SOX compliance requirements other than the inbuilt native NetSuite internal controls enabling;

• Document customizations and dependencies
• Log and track changes in the system
• Perform impact analysis and risk assessment for the change approval
• Track change requests approvals and associated changes
• Report, review and resolve non-compliant changes
• Report segregation of duties and access controls

Thus, Strongpoint helps you meet some of the more unique audit requirements around ERP systems, giving you complete visibility into your scripts, workflows, user roles and permissions, dependencies, managed bundles, platform changes and NetSuite releases.

Learn more about how Strongpoint is apart of NetSuite in SuiteApps blog

The post Strongpoint- A NetSuite Managed Sox Compliance Bundle appeared first on OdeBlog.

Attribute-Based Pricing is a pricing model which uses product attributes as its principal price scaler.

Pricing which derives its price based on its product categorization, quality, demand and competition and uses the concept of Value Based Pricing.

Thus, a model which uses these materialistic attributes that shall influence customer’s willingness to pay!

Attribute-based pricing model holds relevance both in Product as well as Service Based industry where product differentiation is used as basis of pricing.

Few common examples encountered by all of us to make these pricing decisions are;

• Hotel Rooms – Sea Facing, Mountain Facing
• T-Shirt Colors – Red, Black, White
• Clothes – S, L , XL, XXL
• Packaged Foods – Based on flavor
• Cakes and Cookies – Based on shape
• Food Packets – Based on weight
• OTT Platform – HotStar, HotStarPlus, HotStarPreminum

NetSuite Pricing Matrix Model

Attribute-Based Pricing is often referred as Pricing Matrix in Oracle NetSuite!

Following pointers make the Matrix Items easier to understand!

1. The NetSuite matrix items are a series of the same item available in different options. Matrix items are available for inventory, non-inventory, service, and other charge items. In NetSuite, you can create and maintain your item records using an item matrix. A matrix item lets you track your items by options such as size and color.
2. Enable Matrix Items in Enable Features under Setup>Enable Features>Inventory and Items>Matrix Items
3. Now create new items using the Matrix Assistant/Creating Matrix Item and link the product categories with the price determined for it.
4. Depending on the features enabled on your account, the Pricing sublist on many item records can resemble a matrix of rows and columns of various price lists.

Editing Matrix Items in NetSuite

You can edit the following fields on matrix subitems:

• Item Name/Number
• Display Name/Code
• Vendor Name/Code
• Purchase Description
• Sales Description
• Shipping Cost
• Handling Cost
• Item Weight
• Purchase Price
• Sales Price
• Reorder Point

Note – Fields edited on subitems are only changed for that item. Fields edited on the parent item can be applied to all or some of the subitems.

For all the other fields, we can make suitable changes on the parent item level as follows:

To Edit Multiple Matrix Items:

1. Go to Lists > Accounting > Items.
2. Click Edit next to the parent matrix item for the matrix you want to change.
3. Make changes to any of the fields for this matrix.
4. Click Update Matrix.
5. In the Include column, clear the boxes for any subitems you do not want to be updated with the new information.
6. Click Submit.

Matrix Items thus making attribute-based pricing simpler and easier in managing day-to-day sales!

The post Attribute-Based Pricing in Oracle NetSuite appeared first on OdeBlog.

Straight-forward as it might seem, this entire process involves heavy change in data structure and storage based on the application it is being migrated to. Regardless of the exact purpose of data migration, we have to carry the entire process with at-most precision to enhance performance and productivity of data taken along.

While the migration to the foreign system can be divided into various approaches, the steps to be undertaken in executing them have to remain same!

And that brings us to the re-requisites of NetSuite Data Migration activities as follows:

6 NetSuite Data Migration Checkpoints to Knock Out

1.Know, Audit and Cleanup the Data to be Migrated

The data to be migrated needs to undergo a complete systems audit to highlight the duplicates, closed contracts, line sequence numbers and missing trail heads.

Once we identify the exact data issues can we scrub and cleanup the data before pushing it to next ERP.

This maintains data quality and integrity of information being processed into NetSuite.

2. Define and Design the Migration

The design phase is where organizations define the type of migration to take on — big bang or trickle. This also involves drawing out the technical architecture of the solution and detailing the migration processes.

• Big Bang Migration – Full Data Transfer within a limited window of time – More cost and risk
• Trickle Migration – Completion of the migration activity into phases – Complex as done in phases.

3. Identify the Data Types for Import

NetSuite classifies data into Master Data and Transaction Data.

These can be broadly classified in Entity, Transaction, CRM, Item and Custom records as follows:

• Classification Records – Chart of Accounts, Subs
• Entity Records – Customer, Vendor, Partner, Employees etc.
• Transaction Records – Journal Entries, SO, PO, Banking etc.
• CRM Records – Campaigns, Emails, Pre-sales directory etc.
• Item Records – Items, Pricing, Discounts etc.
• Custom – Anything not covered in the above heads.

4. Determine the Import Options

There are various options to move your data into the NetSuite Eco-System which depend on your business needs and the existing resources to pull in this data as follows:

• Manually type in data
• Import using the CSV templates
• Third Party Integration tools
• Bundles
• Web services – which write codes to move in data

Choose whatever fits best.

5. Link Internal and External Ids

NetSuite auto-generates unique ids for each and every record and transaction. This ID is exclusive and cannot be over-written manually.

To have a corresponding ID to suit your business process, we can have an External ID attached to records to identify the historical data migrated into NetSuite.

6. Verify and Validate the Data Migrated

Conduct a live test once the real data gets into the system using these External IDs and cross compare data in the two parallel systems.

Once the implementation runs live, get up a system to audit the data to ensure accuracy of the migration activity.

If the organization is small, we can use various excel audit templates and formulas like Index Match and VLOOKUP to verify the migrated data too.

Thus, while increasingly, organizations are migrating some or all of data to cloud in order to increase their speed to market, improve scalability, and reduce the need for technical resources, the pillars to this migration remain the same – Confidentiality, Integrity and Availability.

And with NetSuite, we can secure all our data in the most precise manner thus creating authentication at all levels.

The post NetSuite Data Migration Checklist appeared first on OdeBlog.

As we talk on the various accounting standards and SOX protocols to be adhered while posting transactions to an account, intercompany accounts are the GL Accounts to address the related transactions between subsidiaries to avoid mis-posting these balances to other accounts subsidiary-specific accounts.

In return, these accounts track the inter-company amounts to be eliminated towards the period-closure events.

With a whirlpool of transactions between sister-concerns is a more of a worry for financial reporting, NetSuite has its own set of features available to manage these transactions both manually and in a regularized automated framework as follows.

Here are the ABCs of Intercompany Accounting setup in NetSuite.

Intercompany Accounting in NetSuite

Inter-Co Accounts are nothing, but GL accounts marked with their Inter-Co Checkboxes.

NetSuite creates Intercompany (Inter-Co) Accounts by creating a new account or modifying an existing account.

These can be classified as asset, liability, income and expense depending on the nature of transactions between them.

Identified as Inter-Co accounts based on checking the Eliminate the Inter Co Transactions while setting up the account itself; apart from Bank/Credit Card/Non-Posting, System Generated Accounts and Fixed Asset, all types of accounts can be marked as Inter-Co Accounts.

Inter-Co Customers and Vendors Setup

NetSuite allows setting up of Inter- Co customers and vendors, manually by using the Represents Subsidiary feature on selecting the Custom Inter-Co Form while creating the Customer/Vendor and setting up a Default Receivables/Payables account on the Finance Tab.

Inter-Co Inventory Setup

While setting up an item, NetSuite gives us an option to have Eliminate Intercompany Transactions box for the account selected as the Gain/Loss Account on the Accounting Subtab. This eliminates the gain/loss amount when you run intercompany elimination at period close.

For arm’s length intercompany inventory transfers, the Eliminate Intercompany Transactions task on the Period Close Checklist does not return intercompany clearing accounts to zero. Reporting at the subsidiary level displays the intercompany clearing account with an accumulated balance.

Intercompany Accounting Manual JEs

NetSuite supports Manual as well as Automated Inter-Company Transactions and Settlement.

While entering the manual JE available for Elimination, click the Show Box for Eliminate label on the line level. This makes the entry available for elimination towards the month-end closures.

Enabling Automated Inter-Co Settlement and Inter Company Framework

Enable Features allows us to turn on Automated Inter-Co Settlement with an option to turn on Inter-Co Framework to enable auto-netting of transactions on Period Close. Only pre-requisite is having NetSuite One World.

With this feature enabled, NetSuite automatically generates elimination journal entries based on the intercompany transaction lines and intercompany journal lines marked to be eliminated. As part of the period close process, NetSuite evaluates the activity in your intercompany accounts.

It then creates the journal entries to eliminate artificial profit and loss amounts. Without this feature enabled, you must manually create and track all intercompany transactions, and then manually create and post elimination journal entries.

When an administrator enables the Intercompany Framework feature or the Automated Intercompany Management feature, NetSuite provides access to the Intercompany Preferences page to further enhance the features as per preferences.

The Per-Line netting and Transfer Pricing feature is only available for Inter-Co Framework Enablement.

Thus, complexities involving manual control over transactions and with compliance to SOX requirements it is always recommended to follow and enable Automated Inter-Co Management and its Framework to get things streamlined for auditing and accurate financial reporting.

The post Basics of Intercompany Accounting in NetSuite appeared first on OdeBlog.

While each industry works on standard revenue generation mechanism of reducing cost to increase profits – here are different ways of revenue recognition each business follows to exceed their gains by using NetSuite ASC 606 and IFRS 15:

1. Software and Technology Industry

Tech industries usually follow a subscription model and entertain scheduled overtime billing. Using ASC 606, NetSuite allows these scheduled invoicing and billing mechanisms to promote revenue allocations over the contract period.

2.Construction and Real Estate Industry

Revenue is recognized in bits and pieces and the construction industry and usually follows progressive billing mechanisms. Again, using NetSuite, construction companies can create projects and milestones to recognize revenue, ensuring revenue is recognized in line with work completed and costs incurred.

3. Manufacturing and Retail Industries

Manufacturers recognize revenue at one time. This could be before or after delivery depending on what is stated in the contract. Retail industries recognize revenue at point of sale only. However, they bring in discounts and return policies which need to be incorporated in the deal. NetSuite helps both these sectors by having Point in Time revenue recognition and also has item level discounts enabled in NetSuite. Thus, it supports both sectors to streamline their revenue activities.

4.Telecommunications Industry

Telecommunication Industry includes mobile and internet plans. These are further broken down into prepaid and post-paid. They are also subject to one-time and recurring billing models based on quantity and period. All these varied subscription plans can be developed in NetSuite along with their unique revenue recognition models.

5. Hospital and Hospitality Industry

Both working on per bed and per room availability; revenue for these can be scattered and is dependent on services provided. NetSuite helps these industries by giving them the liberty of per day revenue calculation and recognition using NetSuite’s Revenue Recognition rules.

6. Financial Services Industry

This covers banking and other related financial sectors.

Financial services firms often recognize revenue over time particularly for advisory services, management fees and other long-term contracts. The timing for this may vary based on the specific terms of the services provided.

Thus, using NetSuite revenue recognition and recording can be an easy process to streamline operations and accounts receivable department to a large extent, making things simpler for the financial well-being of a company.

The post NetSuite Revenue Management Across Multiple Industries appeared first on OdeBlog.

While the term Due Diligence is often used with corporate restructuring activities, like amalgamation and internal restructuring, but also performed in cases of venture capital financing, lending activities, etc.

This Due Diligence is classified under various spheres of:

• Operational Due Diligence
• Financial Due Diligence
• Tax Due Diligence
• Information System Due Diligence
• Legal Due Diligence
• Environmental Due Diligence
• Personnel Due Diligence

Out of these varied kinds of due diligence, the most critical of all aspects for a business to be judged upon lies with Financial Due Diligence.

Financial Due Diligence(FDD) is a deep analysis of a company’s historical and forecasted trends to confirm the relevance and veracity of these trends.

It gives an insight into the company’s financial performance and its ability to generate profits, helping analyze the prospective outcomes of entering an agreement for a product or company.

Here are a few must have evaluations to cover a Financial Due Diligence and should include the following procedures.

1. Looking Through the Business History

The principal aim of Financial Due Diligence is to look at the initial information provided by the entity and assess the benefits and the cost of the proposed scheme intended.

An eye into the history of the target company may reveal its turning points, survival strategies, product lifestyles and its overall regulatory requirements along with its breaches on the entity.

2. Understanding the Line of Industry

Their products, product market, and marketability, whether full capacity is being achieved. These may belong majorly to the Operational Due Diligence; however, they own impact on company finances and business sustainability.

Valuation of Goodwill and with its survival in market along its competitors is one such deciding point.

3. Economic Environment

Studying impact of economic forces is important for determining the factors responsible for the rise or fall in sales and profits of a business. These factors should be studied and their effect on the business should be judged on consideration of the profits in the past.

A market trend analysis with insight into business dependability on loans and triggering interest based on the inflation trends is one such example. International policies and their impact on the sales/purchases should also be considered here.

4. Accounting Policies

It is important to study the accounting policies followed by the company and ascertaining whether these are appropriate. The target company might have changed its accounting policy in the recent past, keeping in view of its intention. Such changes should be monitored and dealt with. Financials should be checked for Disclosures which are not a part of the general Financial Statements but have a great impact on the existing business finance.

5. Examining Profit Or Loss

The profit-and-loss account for the past few years should be considered and studied to understand its trend in sales and associated profit. Any unusual peaks should be audited for.

There should also be a check on the taxes paid and the arrears should be addressed with immediate effect. Gross profit/Net Profit margins should be analyzed here.

6. Examining the Net Worth

Determining the net worth is a crucial step for due diligence and ascertaining the true value of a business. If the accounts are audited, reliance must be placed on the books.

For valuation of tangible assets, help of known experts in the field can be sought, enquiries on unrecorded assets and liabilities should be checked upon.

Thus, adding on value to engagements, with financial due diligence services, we can provide valuable information/insights about financial performance of the organization before any deal closures with reasonable evidence on its sustainability and reliability in the market.

The post Financial Due Diligence: An Act Of Exercise and Caution appeared first on OdeBlog.

This relevance broadly divides NetSuite Accounting into 3 major sections: Management Accounting, Financial Accounting and Cost Accounting.

Each of these being equally important but having different significance at the organizational level.

While all the 3 types of accounting play a vital role, it is the ERP which builds in functions and formulas to get accurate results of the same.

Oracle NetSuite has overcome this challenge and has all the 3 varieties of accounts extraction in NetSuite as follows:

Financial Accounting in Oracle NetSuite

1. NetSuite has their inbuilt Balance Sheets, Income Statement and Cash Flow which shows an accounting trail of the inbuilt financial accounts in their accounting hierarchy. These can be further filtered to include specific location and can be altered to project for a particular classification.
2. Follows Double Entries System to capture the correct debits and credits which land up correct accounting effects to the assigned subsidiaries in the Journal Entries
3. Follows Auto-Balancing in Journal Entries. Thus, NetSuite does not save Journals which do not have equal debits to credits.
4. Has its Chart of Accounts with a Parent-Child Relationship and having number sequencing to group accounts under one Header.

Management Accounting in NetSuite

1. NetSuite includes Statistical Accounts which do not impact Financial Reporting of the company. These accounts help the management to keep a tract on non-financial aspects of the organization. Eg- Emp Head Count
2. NetSuite also has a list of custom Saved Searches used to derive information across organization in whatsoever categories and filters required giving search results. We can further restrict these results to a specific group of people to adhere security and authenticity of information.
3. NetSuite has a special feature of dashboard customizations and publishing dashboards with custom KPIs, trend graphs and portlets which can show important organizational information at a go without pulling reports for the same. Eg. Weekly Sales analysis

These dashboards again can be published for employees with a particular role and can be made secured.

Cost Accounting

1. NetSuite has a Budgeting feature which can be utilized to gain an insight on the expenditures briefly. Further, these budgeted expenses can be divided into the various months as per the accounting year which further gives a clear sight on the monthly budget cap.
2. Various Cost Accounting Reports can be generated and can be classified based on segments, division, class and department to understand the Budgeted v/s Actual spends in the year.
3. There are various Features to enable Cost Accounting in the system and the same can be achieved for Item Pricing and Other Accounting Expenses
4. NetSuite also provides for Bundles providing the Cost Analysis and further helping in SOX reporting of the organization.

Thus, NetSuite covers all the 3 levels of accounting with great precision providing people of every level a benefitting user-experience in using this ERP system.

The post The Practice of Accounting in Oracle NetSuite appeared first on OdeBlog.

Here is why NetSuite will always remain the future of the Oracle Universe!

Tools for the Future of NetSuite

1. Utilizing AI as a Core Functionality

Having an intelligent assistant to cover all your tasks, NetSuite has already stepped-up on integrating AI technology across its suite providing predictive analysis and to-end decision making capabilities to automate the day-to-day functioning largely reducing manual work.

2. Continuous Upgrade to Existing Business Functionalities

NetSuite bi-quarter updates target not only to improve efficiency but also boost overall business responsiveness to growing business needs. Be it the customized dashboards to setting custom KPIs based on roles, NetSuite caters to each role from scratch and builds in bridges to complete the business cycles with automated precision.

3. Onsite and Offsite NetSuite Catering Service

NetSuite Service Centre provides immediate ticket resolution for the ticket raised via calls and emails. NetSuite also provides offline Help and Support using the Help Manual and NetSuite Suite Answers which covers detailed module and their related approaches to help a user to proceed with completing NetSuite task and activities within the system without hurdles to accomplish them.

4. Financial and Operational Management under One Roof

NetSuite continues to thrive robust solution model with operations and finance run under one roof. Added reporting tools only make tasks simpler and more compliant with global standards optimizing transparency and accuracy of their financial statements across the organization.

5. Platform Development and Customizations

NetSuite uses inbuilt functionalities of Suite Talk and Suite Script to develop custom and tailored solutions supporting the technical aspect of deliverables. New APIs and platform-based customization fits business needs without extensive coding requirements. This makes NetSuite more user friendly for techno-functional users across.

6. Continuous Lead Generation and Management

NetSuite’s Enhancements include advance CRM tools that leverage AI to provide deeper insights to customer behaviors and preferences. These tools craft a better picture for NetSuite Lead generation, helping to chalk out more deeper customer experiences and driving exponential growth to the organization.

Reaching new heights with new additions every release has always been a target for NetSuite oweners. Thus, making it huge and big not just for the users but all the stakeholders at large at once!

The post NetSuite Future Scope: The Present and Future of NetSuite Revealed! appeared first on OdeBlog.

Systems Audit is a mandatory tick-off item for IT Auditors to capture the IT sanity for business operations. It gives a comprehensive dive into organization’s IT infrastructure to check for regulatory and network compliance in addition to monitor the status of disaster management plans of the company.

Thus, keeping the entire IT Team on toes is essential. Here are various methods to prepare your organization’s IT Department and Infrastructure for a detailed Systems Audit.

1. Security Log Reports

Prepare and maintain a security log for all the users and their activities using a time bar. This helps in catching cyber-attacks if attackers are cloning and disguising to be one of the organizations employees.Delete dormant accounts. Check for change in employee roles and review to delete the dormant role access.

2. Putting up a System Closure

Try to customize your systems to close for employee activities unless specifically approved for weekends. Add a stop clock for employee activities in system post a standard working time hour. Putting data entry restrictions can help identify malicious flags. This protects the system from any kinds of data breach and instils data integrity.

3. Keep Documentation in Check

This applies to both online and offline documentation. Be it details of an Anti-Virus software’s definition of virus being updated or having checklist for regular IT firewall testing, everything must be documented and provided as asked by the System Auditors. Routine compliances with valid licenses should be in place is green flag for IT Audits.

4. Security Policies and Employee SOPs

Majority of data breaches come from human error and misuse.

There should be defined IT SOPs for every employee to follow. Any restricted website access should be granted against a ticket defining the purpose and duration of access. Passwords should be defined as per policy and should updated at regular intervals. Employee must be given mandatory IT Security Trainings to help protect the organization from tail-gating and cyber masking.

  5. Data Backup

Data is the backbone for every organization. Losing access to data or losing data altogether is the worst one can be hit by calamity.

Daily backup of data should be maintained with at most security. Test backup for applications. Test the data recovery process. Check the status for deleted files. What happens when someone tries to restore deleted data. Results of all these tests should be kept handy for any kind of auditor testing.

6. Disaster Recovery Plan

When a disaster strikes, how well can an organization accommodate for recovery. This being a part of data recovery, must be evaluated from all angles to minimize loss and guarantee data retraction in the decided time frame as per the plan. Maintain a Recovery Objective Deck at disposal to support the organization Disaster Recovery Plan.

7. Physical Assets and Network Performance

Downtime in IT environment can be risky as well as costly. Be it electricity outage or network outage, both have significant impact on productivity of the entire organization at one go. Have regular evaluation of CPU, RAM, Bandwidth and other technical compliances in place to overcome these challenges and have a smooth IT Audit.  

8. System Upgrades and Development

Top of all, it is important to check and review system upgrades and how they are adding value to our business. Documentations and compliances must be in place to ensure security and quality of the final product used.

Thus, proper paperwork and reporting is the key to a secure IT Infrastructure enabling security protocols in place for a Systems Audit to be successful!

The post Systems Audit Checklist For A Company At A Glance appeared first on OdeBlog.

Order to Cash, commonly referred to as an O2C process, covers the sales lifecycle of a product from its quote to a customer to the final receipt of cash against the product. This cycle encompasses the steps of order management, fulfillment, invoicing, receiving payment, and reporting. While each phase of this flow is well captured in NetSuite, the crux of this cycle lies in the creation of a Sales Order, which then facilitates the invoicing phase for delivery and payment of goods and services.

Let’s delve into the Sales Order in Oracle NetSuite

In NetSuite, a Sales Order is a transaction record that is utilized to denote the commitment to sell items and services. As it is solely indicative of commitment, the Sales Order is regarded more as a contractual document in NetSuite, where each detail of the future sales transaction with the customer is meticulously recorded, and no accounting thumbnail is left in the books of our accounts. Consequently, no accounting Journal Entry is created by a Sales Order in NetSuite. However, it is a document that is interconnected with all the intra-processes in the books of accounts, thereby providing us with updated information about costs, pricing, item availability, inventory status, and prior billing with the customer. Hence, it is recognized as the crux of an O2C process in NetSuite!

NetSuite offers us an option to create a Sales Order according to our business needs and policies!

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Type of Sales Order in NetSuite

1. Standard Sales Order

This is a standard version of the sales order that can be used further as a means of cash sale or invoice billing based on the information provided in the payment fields.

• If you enter a payment method, NetSuite automatically generates a cash sale upon billing.
• If you select payment terms, NetSuite automatically generates an invoice upon billing.
• If you enter neither terms nor a payment method, NetSuite generates an invoice upon billing.

2. Standard Sales Order – Cash

This creates a cash sales transaction, indicating that payment has been received for the order at the time of delivery of goods/services. No further invoicing is required.

3. Standard Sales Order – Invoice

Choosing this option automatically generates an invoice, skipping the creation of the sales order step, and NetSuite generates an invoice for the transaction.

4. Sales Order – Progress Billing

This creates progress billing of created Sales Orders at intervals based on the fulfillment progress of goods and services. This is usually used for billing projects as their portions are completed.

5. Custom Sales Order

This is a sales order customized from the standard sales order to create a version incorporating fields as per exclusive business needs

Thus, in the era of multiple business ventures from small scale to large, NetSuite provides a perfect solution to record each type of sale with vivid options to suit our business type and policies in one go! With that, we can choose to set up each sales order differently based on the type of sale we are entering into.

The post 4+ Sales Order Types in Oracle NetSuite to Choose From appeared first on OdeBlog.