How to import Amortization Schedules in NetSuite

Amortization is an expense recognition feature and an accounting technique that is used to spread the cost of an asset over time. This feature can help in the deferral of purchase expenses. Amortization is similar to depreciation as they are both methods of calculating expense over a given amount of time.

5 Factors to Consider When Introducing/Upgrading an ERP System

An ERP system is a powerful tool that can streamline your business operations. Order processing, billing, inventory management, and more can be controlled from one software suite instead of multiple programs. And today’s IT executives have more choices than ever when it comes to ERP software. There are multiple vendors to choose from providing on-premises… Continue reading 5 Factors to Consider When Introducing/Upgrading an ERP System

Advantages of Cloud vs On Premise

Are you considering a move to the Cloud? Many companies in this digital age have taken the plunge and embraced using cloud-based applications and storage to run their business instead of the traditional on-premise set up. While most do it for simplicity sake, the challenge comes when considering CapEx vs. OpEx budgets. The question arises… Continue reading Advantages of Cloud vs On Premise

Benefits of an Organization Using a Third-Party Company to Approve Bill Payments and Pay Bills

Since 2000, the global market size of outsourced services has grown from $45.6 billion to $85.6 billion. Organizations increasingly rely on a variety of outsourced services, including those related to bill payment and approval. With so many businesses employing remote workers, cloud-based solutions may make more sense in the long run. Shalakay Gibbs Explore 5… Continue reading Benefits of an Organization Using a Third-Party Company to Approve Bill Payments and Pay Bills

Planning Pays Off – Tips on How to Mitigate Data Migration Risks

SuiteSciens Making the move to a new ERP (Enterprise Resource Planning) system can be a positive step for your business. While the upsides of your new system may be attractive, it’s only natural to worry about the security of your data when migrating your data to the new system. You can alleviate much of your… Continue reading Planning Pays Off – Tips on How to Mitigate Data Migration Risks

Benefits of using NetSuite’s Advanced PDF/HTML Templates

Advanced PDF/HTML templates can be very helpful when you need to add relevant information that is not included on Out-of-the-box or basic PDF templates, and also if you wish to give your own look to the formats you print from NetSuite, such as Purchase Orders, Checks, Invoices, etc.
HTML and the FreeMarket library are ready to be used to adjust the data of your printing formats to the needs of your company. Adding styling with CSS language is a powerful way to customize the look of your printing templates as needed.

Is Your Accounting Software Your Achille’s Heel?

How’s your business doing? On the surface, things may seem great. You are landing new accounts, keeping your clients happy, and building a positive reputation for your business. But behind this bright facade, you may be starting to notice problems emerging in one of your company’s fundamental support structures – your business accounting software.

The Big Five – Ask yourself these questions when considering upgrading to ERP System

Once considered an option for only larger companies, ERP systems are now easily scalable for companies of all sizes. However, is upgrading to an ERP system the right solution for your company? before choosing an ERP system, understand that it may require careful planning as well as a drastic cultural shift within your company. Today we will present five questions you should ask yourself before taking the plunge to upgrade to an ERP system.

Making the Right Choice – Steps for Effective Software Selection

As with any important decision regarding your company and its operations, selecting the right software should be treated as an important project, one with a clearly defined process, timetable, and set of stakeholders. Here are some of the key steps that are involved in effective software selection.