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A meaningful dashboard is one that is success orientated NetSuite, through Custom KPI’s, allows individual users to personalize their dashboards, providing them with focused, role based and performance driven metrics. By default, NetSuite already offers some really cool standard KPIs such as Bank Balance, COGS, Credit Card Balance, Deferred Revenue, Equity, Expenses, Forecast, Income, Inventory, Net Cash Flow, Profit just to name a few. Furthermore, with SuiteSuccess, users already have some beautiful KPI Scorecards already configured for them as of day one. If ever you want to know how to create a KPI from scratch, keep reading [...]

The A to Z of Amortization made easy in NetSuite Amortization is an accounting technique used to periodically lower the book value of a loan or an intangible asset over a set period. Concerning a loan, amortization focuses on spreading out loan payments over time. When applied to an asset, amortization is similar to depreciation. When a NetSuite user enters a purchase transaction, an amortization schedule is generated to recognize expenses based on the template associated with the item or transaction. The schedule enables you to post the appropriate journal entries to the general ledger to record expenses [...]

Is project cost management out of control? With NetSuite 2021 Release 2 we have seen NetSuite focus on enhancements that optimise efficiencies and increase automations, allowing businesses like yours to streamline your operations even further. A new addition to the SuiteApp Marketplace is Purchase to Project, a new feature that allows users, especially project managers, to create purchase transactions that are related to projects and project tasks. Expenses related to projects can then easily be tracked and controlled. Having visibility over expenses and purchases related to projects and linked project tasks is important for any project manager to [...]

You have the right to be forgotten The right to be forgotten (RTBF) is the right individuals have, in some circumstances, to have their personal information removed from Internet searches and other directories. It is a right adopted in many jurisdictions and is one of the key requirements in recent privacy laws. NetSuite PI Removal helps businesses like yours to address privacy regulations related to data subject requests. The feature enables NetSuite users with the applicable permissions to remove personal information from NetSuite fields, records, and audit logs. Administrators can use PI Removal to replace the data [...]

How Steltix can help you scale with systems and processes instead of people If you are in the market for an ERP system, chances are you are a little overwhelmed with the choices available and the decisions that need to be made. Steltix is more than an implementation partner, we are also a trusted advisor and can help you in your decision making – offering unbiased advice on what is best for your business. The first big decision we can help you address is “What is the difference between on-premise ERP and Cloud ERP, and which is [...]

SuiteProjects is a Professional Services Automation (PSA) solution natively built on NetSuite As a professional services company ourselves, we are well versed on the challenges you face and share in your frustrations. That's why we use NetSuite SuiteProjects to manage our projects, and are confident enough to advise you to do the same.  Now more than ever, professional service businesses require an ERP that focuses on more than just their short term goals, they need an ERP solution that can help them look ahead and achieve those long term goals too. With SuiteProjects, a Professional Services Automation [...]

The wait is over! The highly anticipated Lot Auto Numbering SuiteApp is here! The Lot Auto Numbering SuiteApp enables you to define a lot numbering format and select items that require lot auto numbering. You can also configure additional lot information such as supplier lot number and manufactured date, and maintain this information in the inventory detail. The following Steltix Tutorial highlights some of the key functionality of this new feature. If you would like to learn more about the Lot Auto Numbering SuiteApp, or anything else about [...]