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.
Requisition is a transaction generated by various employees of an organisation to request Purchasing department to procure a particular quantity of a material or a service for a particular date.
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Topics: ERP, NetSuite, Netsuiteblog
A chart of account (COA) is a financial tool that provides a complete listing of every account in accounting system. In NetSuite, you can use the CSV import assistant to import the account information (or) you can create account records manually in NetSuite. The Chart of Accounts is an excellent a way to record all of these transactions for asset, income (or) revenue, expense, liability, equity.
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Topics: NetSuite, netsuite technical blog
Purchase Request is a transaction generated by various employees of an organisation to request Purchasing department to procure a particular quantity of a material or a service for a particular date.
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Topics: ERP, NetSuite, Netsuiteblog
The Inventory levels to quickly service customer demand while not tying up valuable financial assets can be difficult even when using NetSuite demand and supply planning features.inventory levels aren’t sufficient to immediately satisfy customer demand and then want to make a priority which customers are serviced first.
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Topics: ERP, NetSuite, Netsuiteblog
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