The NetSuite Accountant

Load financials and open transactions from QuickBooks to NetSuite

Paul Giese Jul 14, 2021 10:19:32 AM
0

intheBlk consulting can complete these tasks on your behalf, including loading detailed transactions. Our self-service tool can create the NetSuite CSV import templates directly from the QuickBook trial balance and subledger files. Contact us today!

Companies implementing NetSuite need to load monthly historical financial statements and open transactions. This article will discuss the debits and credits in this process. This process is relevant for companies loading monthly net change entries (also known as monthly trial balances). This process is not needed if you are loading detailed transactions.

Read More

Three approaches to importing historical sales into NetSuite

Paul Giese Mar 4, 2021 3:37:18 PM
0

If your organization needs their historical data imported into NetSuite, contact intheBlk consulting to learn about our solution for migrating QuickBooks data to NetSuite.

Read More

How to build a NetSuite segment mapping file

Paul Giese Apr 10, 2020 5:29:17 PM
0

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.

Read More

Segment Structure Basics in NetSuite

Paul Giese Apr 6, 2020 8:00:00 AM
0

intheBlk consulting provides data conversion services for organizations implementing NetSuite. Check out our NetSuite data conversion page to see the options and pricing and our NetSuite implementation resource page for additional help articles.

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.

Read More

Can I import historical financial transactions into NetSuite?

Paul Giese Mar 16, 2020 2:15:00 AM
0

Companies always want their historical transactions imported into NetSuite. Implementation partners often advise against this for several reasons:

Read More

Three tips for importing data from multiple subsidiaries to NetSuite

Paul Giese Feb 10, 2020 5:15:00 AM
0

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:

Read More

NetSuite | Full transaction import case study - Akouos

Paul Giese Dec 31, 2019 11:21:32 AM
0

Importing historical financial data is a critical component of the NetSuite implementation process. Generally, there are two approaches:

Read More

Best practices to import vendors to NetSuite

Paul Giese Dec 30, 2019 11:36:11 AM
0

intheBlk consulting provides data conversion services for organizations implementing NetSuite. Check out our NetSuite data conversion page to see the options and pricing.

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.

Read More

NetSuite | Net change journal entry import case study - Oncorus

Paul Giese Dec 11, 2019 5:15:00 AM
0

Importing historical financial data is a critical component of the NetSuite implementation process. Generally, there are two approaches:

Read More

NetSuite | Common biotech GL account structures

Paul Giese Dec 10, 2019 5:15:00 AM
0

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:

Read More