NetSuite Accounting Services and Consulting

NetSuite offers a comprehensive set of software products designed to streamline various aspects of your business operations. This includes financial management, customer relationship management, e-commerce functionality, and more.

NetSuite modules are additional functions purchased with the standard software offering, which integrate with your accounting system as your business needs change and expand. They offer a more tailored solution that aligns with your unique business goals. 

NetSuite is an Enterprise Resource Planning (ERP) software that also has Customer Relationship Management (CRM) capabilities. It offers a holistic solution for managing various aspects of your business, all in one place.

A NetSuite developer is an expert who specializes in customizing and extending the functionality of the platform to meet your needs. They create tailored solutions and integrations that align with your business processes. Our CPAs have built bespoke NetSuite integrations for several clients. 

Contact us for the perfect integration solution for your business.

A NetSuite sandbox is a safe and isolated testing environment that allows you to experiment with and develop new configurations, scripts, and customizations, without affecting your actual software. It’s an essential tool for ensuring that any changes to the system work as they should, before you implement them.

Yes, NetSuite can handle payroll through its SuitePeople module. SuitePeople connects your HR and payroll data with your financial, budgeting, and procurement processes. This offers human resource and employee management without the need for multiple systems.

A Chart of Accounts (COA) is a breakdown of all accounts and transactions in your general ledger, which is organized into subcategories. It provides a comprehensive overview of your organization’s financial structure and account classifications. It is accessed within the ‘Financials’ module. 

Here’s how to find it:

1. Go to Lists > Accounting > Accounts.
2. Follow the detailed instructions as outlined in the NetSuite Help Centre.

An invoice is a record of sale to a customer. 

Here’s how to create one:

1. Go to Billing > Sales > Create Invoices.
2. Fill out the custom required fields, as outlined in the NetSuite Help Centre.

Alternatively, one of our experts can guide you through the process.

An amortization template defines the terms for an amortization schedule when an item is purchased. Creating the schedule requires NetSuite’s financial management tools. 

Here’s how to create a schedule:

1. Go to Lists > Accounting > Amortization Templates > New.
2. Fill out the custom required fields, as outlined in the NetSuite Help Centre.

Note that we can also assist you to set up and manage amortization schedules effectively.

QuickBooks is generally preferred by small businesses. NetSuite is a comprehensive solution for businesses of all sizes, with advanced functionality, scalability, and flexibility. As such, NetSuite typically offers greater longevity, with added modules as your business expands.

Ultimately, choosing between the two depends largely on your business needs and plans for growth and scalability. 

NetSuite and SAP both have widely used mid-market ERP systems. While NetSuite offers a single cloud-based ERP product, SAP has three distinct systems for small and mid-market companies.

NetSuite is a business management system with a variety of modules that help medium- to large-sized businesses manage their financials and operations, and increase automation across the business. This means that NetSuite is the ideal solution for agility, customizability and scalability.

Oracle and NetSuite are related. Oracle acquired NetSuite in 2016, but NetSuite operates as an independent global business unit under Oracle. 

NetSuite OneWorld enables companies to manage multiple subsidiaries, business units and legal entities, whether domestic or international, from a single solution. The software provides real-time financial and operational visibility and control at local, regional, and headquarter levels.

NetSuite OpenAir is a project management module designed for service-based businesses. It empowers these companies with tools to effectively manage projects, resources, time, expenses and financials from a single platform.

NetSuite offers numerous benefits. The cloud-based architecture allows accessibility from anywhere, real-time visibility of financial data, streamlined processes, improved decision-making with actionable insights, increased collaboration, and adaptability. 

For this reason, the software eliminates the need for disparate systems and manual processes.

NetSuite’s wide range of features, scalability, and adaptability make it a valuable investment for businesses looking to streamline their operations, enhance efficiency, and achieve sustainable growth.

The software’s pricing management allows you to centrally control and update the pricing options according to your needs and budget.