The accounting period is the time period for which Company or Organization reports financial performance and financial position. This feature supports general ledger management. The period covered by financial statements. Every business depends on accounting period to prepare internal accounts for performance monitoring.
CSV import is the most commonly used method for transferring small to medium-sized data sets from other applications into NetSuite. The CSV import process saves time and prevents errors, by submitting data in a CSV (comma-separated value) file. This data can add or update many records at one time, avoiding the need for manual data entryYou can save an import job to be run later. After you have saved an import, you can reuse its mapping for later import jobs and share it with other users. When you run an import, a status page is available for you to view its progress.
The Accounts Receivable (A/R) Aging Report shows you how much you’re owed (unpaid invoices, statement charges & Credit Memos) at any point in time by each of your customers. You can use the report to keep track of:
Track your items Individually or as group and can also track serial and lot number of you inventory. Includes history of the recent transaction in each inventory item.You can also Track the items individual or group of track the inventory items.
Finance charges are also called as ‘Late Fees’. When customer not pay the invoice amount at a give time then company charge late fees/finance charges on invoices. Finance charges are usually calculated on monthly basis for all transactions.