Payment item is useful for tracking the down payments in ‘Sales Transactions’. We can easily to mention down payment by using payment item as per our business requirement.
It provides estimation of expenses for a specific period of time, and can help provide visibility for financial planning. Users ability to select and define accounts that are needed for their budgets and provide expense and income statements over a set period of time. It’s easy to set up a new budget in NetSuite, or import a budget that you have externally. You can also enter budgets in statistical accounts and also create budgets for departments, classes, locations, items, and customers or projects.
Go to Setup > Company > Classifications > Subsidiaries
Adding Nexus to a subsidiary:
If the subsidiary has valid registration to collect tax from that nexus, then you can add that nexus under the subsidiary.
Setting up Rules and Territories helps to assign cases to the support reps or support groups automatically, first define the case types, case origins, support issues and support items. Check how to setup case types, case origins, support issues and support items.
Whether you are a third-party logistics company, or you have some extra storage space you would like to rent, a question that often gets asked is “How would NetSuite handle this process?”. Using built-in NetSuite functionality, we can install a set of processes that will allow us to receive our Customer's inventory, ship orders to their end clients, and bill them for service rendered. In this manner we will also be able to continue using NetSuite as a full ERP system to manage our own inventory, finances, employees and all the other awesome things NetSuite does.