Introduction to NetSuite
 

In this course, you will learn the basics of how a web-based business management application can provide an efficient and easy-to-use solution to run and grow a small to medium sized business. This course is divided into eight chapters. Each section will contain the following elements:  Objectives, Topics, and Exercises.

 

As a means of illustration principles using a real-world example, this course will follow the opening of a fictional retail business, or the client’s own, if all the students are from the same organization.  Each chapter introduces new business activities that are tracked financially. Your challenge is to help the business thrive. The students will use NetSuite to help keep track of business assets and profitability, to provide you with accounting and management and to give you the infrastructure and processes to support the business management needs.  

 

Chapter 1 New Business Setup

§         Ability to sign up for a new account

§         Ability to Navigate through NetSuite

§         A basic understanding of accounting solutions available to businesses

§         A basic understanding of Balance Sheet and Income Statement Accounts

§         Ability to enter opening balances

 

Chapter 2 Preparing for Opening Day

§         Ability to enter transactions into NetSuite

§         Understanding inventory vs. non-inventory items

§         Understanding prepaid expenses

 

Chapter 3 Grand Opening

§         Understand the sales cycle within NetSuite

§         Understand how to enter discounted transactions

§         Learn how to create estimates and then create invoices

§         Knowing when to use cash sales vs. invoices

 

Chapter 4 Payroll

§         Text Box: Objectives
Learn how to activate the Payroll feature within NetSuite

 

§         Understand what tax tables are

§         Learn how to set up payroll vendors

§         Learn how to create payroll items

§         Understand Year-to-date amounts

§         Learn how to process paychecks

§         Learn how to pay payroll liabilities

§         Understand and enter time tracking records

 

Chapter 5 Opening a Web Store

§         Learn how to create a Web store

§         Understand NetSuite Web Store features

§         Learn how to set up store items, categories and specials

§         Learn how to approve and process sales

§         Learn how to print picking tickets, packing slips and return forms

 

Chapter 6 Ongoing Operations

§         Understanding regular payments, recurring bills, and memorized transactions

§         Tracking inventory and running inventory reports

§         Reconciling bank accounts, printing checks/forms, and making deposits

§         Running year-end reports

§         Understanding how to use credit memos

 

Chapter 7 Managing Customers

§         Understanding the relationship between customer, companies and contacts

§         Understanding the notes, tasks and events features

§         Understanding a name type

§         Understanding CRM reporting

 

Chapter 8 State of the Business

§      How to analyze business reports

§      How to determine “break-even” points in business

§      Understanding profitability of items, customers and classes/departments

 

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Introduction to NetSuite

 

Chapter 1 New Business Setup
 

§         Ability to sign up for a new account

 

§         Ability to Navigate through NetSuite

 

§         A basic understanding of accounting solutions available to businesses

 

§         A basic understanding of Balance Sheet and Income Statement Accounts

 

§         Ability to enter opening balances

 

 

Chapter 2 Preparing for Opening Day
 

§         Ability to enter transactions into NetSuite

 

§         Understanding inventory vs. non-inventory items

 

§         Understanding prepaid expenses

 

 

Chapter 3 Grand Opening
 

§         Understand the sales cycle within NetSuite

 

§         Understand how to enter discounted transactions

 

§         Learn how to create estimates and then create invoices

 

§         Knowing when to use cash sales vs. invoices

 

 

Chapter 4 Payroll
 

§         Text Box: Objectives
Learn how to activate the Payroll feature within NetSuite

 

§         Understand what tax tables are

 

§         Learn how to set up payroll vendors

 

§         Learn how to create payroll items

 

§         Understand Year-to-date amounts

 

§         Learn how to process paychecks

 

§         Learn how to pay payroll liabilities

 

§         Understand and enter time tracking records

 

 

Chapter 5 Opening a Web Store
 

§         Learn how to create a Web store

 

§         Understand NetSuite Web Store features

 

§         Learn how to set up store items, categories and specials

 

§         Learn how to approve and process sales

 

§         Learn how to print picking tickets, packing slips and return forms

 

 

Chapter 6 Ongoing Operations
 

§         Understanding regular payments, recurring bills, and memorized transactions

 

§         Tracking inventory and running inventory reports

 

§         Reconciling bank accounts, printing checks/forms, and making deposits

 

§         Running year-end reports

 

§         Understanding how to use credit memos

 

 

Chapter 7 Managing Customers
 

§         Understanding the relationship between customer, companies and contacts

 

§         Understanding the notes, tasks and events features

 

§         Understanding a name type

 

§         Understanding CRM reporting

 

 

Chapter 8 State of the Business
 

§      How to analyze business reports

 

§      How to determine “break-even” points in business

 

§      Understanding profitability of items, customers and classes/departments