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Carolyn Southern, Author at FMT

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Guide to NetSuite Resources
At FMT, we believe in the philosophy of teaching a man to fish. Our goal is to empower clients to develop a robust organizational knowledge of NetSuite, allowing for efficient in-house issue resolution. Whether users encounter an error, are trying to understand standard system functionality, or have a basic “how to” question, we always want our clients to feel equipped to address problems internally as a first line of defense. Some partners may feel that every question a client answers for himself represents a lost opportunity for revenue, but at FMT, we believe that the better our clients understand NetSuite, the greater the value they will realize from a partnership with FMT. This represents a win-win situation for both client and partner! With this philosophy in mind, this article will outline some of the best NetSuite resources available online – free of charge – and how to use them to […]
What's New in NetSuite 2017.2
Each new release of NetSuite brings a host of fresh features and improvements to existing functionality - 2017.2 is no exception. In a sign of Oracle’s focus on customer satisfaction, many of the new features originated as enhancements requested by the user community. This article will review a few of the most anticipated enhancements that are introduced in NetSuite 2017.2: 1. Advanced BOM functionality Historically, a NetSuite Assembly item has a one-to-one relationship with a Bill of Materials. The Bill of Materials can be modified, but the modification would then be used in all future builds or work orders. Similarly, existing BOM versioning capabilities (Revision Number or Effective Date) ensure that all assemblies are produced using the same BOM at a given point in time. The Advanced BOM, introduced in 2017.2, severs the link between Assembly Item and BOM, allowing multiple concurrent BOMs for a single assembly item and for […]
NetSuite Global Search Tips
Who doesn’t love shortcuts? Did you know that there are a bunch of hidden shortcuts in NetSuite that can save you a few extra clicks? Our NetSuite experts have come up with a few tips and tricks for all the NetSuite users out there. Use record type prefixes followed by colon (:) or carat (^) in global search keywords to narrow search results Examples: Cu: or Cus: or C^ to bring up Customer records Some prefixes will prove better filters than others (for example, inv: could bring up inventory items or inventory adjustments where as ite: more clearly indicates a search for an item) Language preferences / record-renaming (for example, if Vendors are called Suppliers) will impact global search prefixes Capitalizing the first letter of the search prefix will open the record in ‘Edit’ mode – entering the prefix in lower case will open the record in ‘View’ mode Cu: […]
What’s New in NetSuite 2016.2: Inventory Transfers
If your company is using NetSuite to manage items in multiple locations, chances are you’ve been required to transfer stock from one location to another as part of your standard inventory management procedures. The existing transfer functionality has been improved in NetSuite with the release of version 2016.2. NetSuite now allows users to enter partial fulfillments and receipts for transfer orders, resulting in more accurate item costing throughout the process. Inventory Transfers – the Basics NetSuite offers two methods for transferring inventory between locations, transfer orders and inventory transfers. If the inventory is not immediately available in the destination location, a Transfer Order should be used in order to reflect the value of the goods as 'in transit’ instead of available or ‘on hand.’ When the goods are received by the destination location, the value will be moved back from a ‘Goods in Transit’ type account to ‘Inventory on Hand.’ […]
How to Void a Credit Card Authorization Directly from NetSuite
Organizations that process credit card transactions through NetSuite will be pleased to learn of an enhancement with the release of update 2016.2.  The new feature allows for credit card authorizations to be voided directly within the system by either closing or canceling the related Sales Order. Prior to 2016.2, users were required to login to their payment gateway account to void an authorization. What is Credit Card Pre-Authorization? In this article, the terms authorization and pre-authorization are used interchangeably to refer to a temporary hold placed on funds, without actually processing a charge to the card. This authorization ensures that a buyer has sufficient funds or credit in their account to cover the amount of the purchase. For the duration of the pre-authorization, the funds are “reserved”, meaning that the cardholder cannot spend this money elsewhere or allocate the credit to another transaction.  If the merchant does not “capture” or […]
How to Import Credit Card Transactions with CSV Import in NetSuite 2016.2
The release of NetSuite 2016.2 unveiled a host of streamlined processes and exciting new features. One of the most eagerly anticipated updates includes the ability to import the credit card transactions via the standard CSV Import Tool. By leveraging this new functionality, your business will shave hours off its monthly close process and avoid data entry errors from the manual rekeying of transaction details. Why You Need NetSuite A common question we often get from our clients is: “Our credit card bill is like any other bill that we pay each month –  why would I want to create a special account and reconcile it through NetSuite?” Here are some compelling reasons to take advantage of NetSuite’s credit card reconciliation functionality, if you aren’t already: Fraud Prevention / Internal Control Treating the credit card statement like a bank statement ensures that each charge will receive at least a moment’s scrutiny […]
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