Articles

Accounting

NetSuite Currency Considerations

Learn about NetSuite currency treatments and distinctions between revaluation and consolidation

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by Meir Bulman July 23, 2023July 24, 2023

Accounting

NetSuite Inventory Received Not Billed / Accrued Purchases Analysis

Use advanced Saved Search techniques to interpret balances in hard-to-understand General Ledger Accounts

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by Meir Bulman April 16, 2023April 16, 2023

Accounting

Create Impactful Customer Statements in NetSuite by Leveraging the power of SuiteQL

Learn the background of how Accounts Receivable balances are brought together using SuiteQL

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by Meir Bulman February 12, 2023February 26, 2023

Accounting

Intercompany Account Balance Troubleshooting

Techniques for getting NetSuite to correctly auto-eliminate intercompany balances

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by Meir Bulman January 10, 2023

Accounting

NetSuite Fixed Asset Reconciler Bundle

Announcing a Fixed Asset supplementary bundle that can diagnose and help resolve discrepancies

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by Meir Bulman December 23, 2022February 19, 2023

Accounting

Reconcile NetSuite Auto-Elimination Amounts

Get clarity on hard-to-find NetSuite elimination entry sources to ease consolidation Consolidation and Elimination Entries NetSuite OneWorld offers some really powerful tools to make consolidated reporting simple. A key feature offered is the “Automate Elimination Entries” tool. The concept is straightforward:…

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by Meir Bulman December 5, 2022December 6, 2022

Accounting

NetSuite Currency Translation II

Learn how to gain control over Consolidated Foreign Currency Subsidiary Consolidation in NetSuite

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by Meir Bulman November 21, 2022November 25, 2022

Accounting

Amazon Pay Fees and Transfers in NetSuite

Learn how to easily book adjustments and get the accounting right for online payment providers Amazon Pay transactions Amazon Pay is a popular payment capture service (a.k.a “payment gateway”) that collects funds from customers, deducts fees, and transfers a net balance…

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by Meir Bulman May 2, 2022May 3, 2022

Accounting

Find Specific Text Within Saved Search Formulas

Use an “Analytics Audit Trail” type Saved Search to find references within other Saved Searches

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by Meir Bulman February 16, 2022February 16, 2022

General

Accurate Kit Costing

Learn how to use SuiteQL tools to get a Kit inventory cost report.

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by Meir Bulman January 3, 2022January 3, 2022

Accounting

Solved! 4-4-5 Accounting Periods and Fixed Asset Management (FAM) Reports

Learn how creative reporting tools can go beyond NetSuite limitations

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by Meir Bulman November 1, 2021November 1, 2021

Accounting

Control Item Accounting Impacts

Use Custom Records to flexibly restrict the Asset, Revenue, and COGS account fields on Item Records.

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by Meir Bulman January 14, 2021January 3, 2022

Accounting

NetSuite Vendor Bill Variance Journals

The Vendor Bill Variance tool is great, but has two drawbacks. This article will show how out-of-the box features can maximize its value and overcome the obstacles.

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by Meir Bulman June 14, 2020April 16, 2023

Accounting

Automate Depreciation without FAM

If you’d like to understand different NetSuite options to managing fixed asset depreciation, this article may be of interest to you.

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by Meir Bulman February 3, 2020February 3, 2020

Accounting

Overcome NetSuite Account Type Restrictions (Part II)

This article is a continuation of last week’s topic. In last week’s post, we listed several transaction types with account type restrictions, here we will examine two use cases and show how the techniques listed last week can be used. Example…

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by Meir Bulman January 13, 2020January 10, 2023

Accounting

Overcome NetSuite Account Type Restrictions (Part I)

NetSuite’s transaction types are designed to convey the nature of business events while impacting the Accounting Ledger correctly. Since NetSuite does not expect all users to have an accounting background, it therefore tries to make the transaction entry process less prone…

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by Meir Bulman January 5, 2020January 6, 2020

Accounting

Fixed Asset Management

This article will be helpful to users who would like to understand the underlying structure of NetSuite’s Fixed Asset Management (“FAM”) SuiteApp and its relationship with the General Ledger and with the standard transactions that affect Fixed Asset balances. FAM Structure…

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by Meir Bulman December 29, 2019December 27, 2019

Accounting

Use NetSuite to ease your Accruals and Prepayments

NetSuite has some great tools to help finance teams with month-end close. One of my favorites is the Amortization tool which automates expense recognition over time when a company has paid for (or been billed for) an expense in advance, but…

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by Meir Bulman December 22, 2019December 20, 2019

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Accounting

NetSuite Subledgers: Challenges and Opportunities

Thoughtful design of Transactions and Reporting will unlock NetSuite’s power and take the frustration out of Period Close

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by Meir Bulman August 28, 2023August 28, 2023

General

NetSuite vs. Yardi

Yardi and NetSuite are both cloud-based ERP solutions, yet each is unique to the situation it is geared towards.

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by Meir Bulman December 15, 2019December 16, 2019

Accounting

Understand NetSuite’s Currency Translation Approach

Consolidated (multi-subsidiary) reporting can be confusing, especially when it comes to currency translation. NetSuite has the capacity to perform currency translation work automatically, but it takes some effort to understand the method…

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by Meir Bulman December 3, 2019December 5, 2022

General

Meir’s NetSuite Advice Blog

Welcome to my NetSuite advice blog, glad to have you here. If you’re here, chances are you are looking for help using NetSuite…

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by Meir Bulman December 3, 2019March 23, 2020

Articles

Finally! Trace Fixed Asset Depreciation Journal Entries Back to Underlying Assets

NetSuite Currency Considerations

NetSuite Inventory Received Not Billed / Accrued Purchases Analysis

Create Impactful Customer Statements in NetSuite by Leveraging the power of SuiteQL

Intercompany Account Balance Troubleshooting

NetSuite Fixed Asset Reconciler Bundle

Reconcile NetSuite Auto-Elimination Amounts

NetSuite Currency Translation II

Amazon Pay Fees and Transfers in NetSuite

Find Specific Text Within Saved Search Formulas

Accurate Kit Costing

Solved! 4-4-5 Accounting Periods and Fixed Asset Management (FAM) Reports

Control Item Accounting Impacts

NetSuite Vendor Bill Variance Journals

Automate Depreciation without FAM

Overcome NetSuite Account Type Restrictions (Part II)

Overcome NetSuite Account Type Restrictions (Part I)

Fixed Asset Management

Use NetSuite to ease your Accruals and Prepayments

NetSuite Subledgers: Challenges and Opportunities

NetSuite vs. Yardi

Understand NetSuite’s Currency Translation Approach

Meir’s NetSuite Advice Blog

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