The NetSuite Accountant

How to build a NetSuite segment mapping file

Paul Giese Apr 10, 2020 5:29:17 PM
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Once the segment structure is complete, the next step is mapping the legacy segment structure to the new NetSuite structure. If you are unfamiliar with NetSuite’s segments, check out our segment structure blog post.

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Segment Structure Basics in NetSuite

Paul Giese Apr 6, 2020 8:00:00 AM
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The segment structure is the backbone of the organization’s financial reporting function. NetSuite’s segment structure is robust compared to QuickBooks and flexible enough to handle most needs. Setting up the segment structure is one of the first implementation tasks. NetSuite segments are general ledger (GL) accounts, departments, classes, and locations. Organizations can also add custom segments.

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Can I import historical financial transactions into NetSuite?

Paul Giese Mar 16, 2020 2:15:00 AM
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Companies always want their historical transactions imported into NetSuite. Implementation partners often advise against this for several reasons:

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Three tips for importing data from multiple subsidiaries to NetSuite

Paul Giese Feb 10, 2020 5:15:00 AM
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If you are managing multiple subsidiaries in QuickBooks, it might be time to upgrade your ERP to NetSuite. Basic ERP systems, like QuickBooks, cannot often manage numerous subsidiaries in a single instance in a controlled manner. NetSuite is an excellent option for handling the finances for multiple subsidiaries in one system. Importing this data from a legacy system can be challenging, depending on how it is has been tracked. Here are three tips when importing data from multiple subsidiaries to NetSuite:

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NetSuite | Full transaction import case study - Akouos

Paul Giese Dec 31, 2019 11:21:32 AM
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Importing historical financial data is a critical component of the NetSuite implementation process. Generally, there are two approaches:

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Best practices to import vendors to NetSuite

Paul Giese Dec 30, 2019 11:36:11 AM
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Early in the NetSuite implementation process, organizations will need to import their vendor records into NetSuite. This blog post shares some best practices and standard struggles I've seen in the vendor record conversion process.

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NetSuite | Net change journal entry import case study - Oncorus

Paul Giese Dec 11, 2019 5:15:00 AM
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Importing historical financial data is a critical component of the NetSuite implementation process. Generally, there are two approaches:

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NetSuite | Common biotech GL account structures

Paul Giese Dec 10, 2019 5:15:00 AM
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The general ledger (GL) account structure is an art, not a science. Every company has unique reporting requirements. The GL structure is a way to ease reporting requirements. There are good ways and bad ways to structure the GL. Here are a few tips and tricks that I've found after advising several biotech organizations on restructuring their GL during a NetSuite ERP implementation:

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Five observations from implementing Jaggaer's procurement solution

Paul Giese Aug 12, 2019 5:15:00 AM
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I recently led the implementation of Jaggaer’s eProcurement solution for a publicly-traded biotech organization with NetSuite as their ERP. RiseNow served as the implementation team. As of the writing of this blog post, the company has been live for about twelve weeks. Overall, I’ve been impressed with Jaggaer’s functionality. Here are five observations for a biotech company considering Jaggaer as their procurement solution:

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Three challenges to prepare for during a procurement implementation

Paul Giese Jul 15, 2019 5:15:00 AM
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I recently led the implementation of a procurement system at one of my clients. Overall, the project went well, but, like all system implementations, there were some unanticipated challenges. Teams implementing a new purchasing system should plan and anticipate for these three challenges:

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