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Netsuite Accounting Software Platform

The accounting function is ubiquitous: Every business organization of whatever size and nature must have some form of way to keep track of the money that comes in, goes out, and is retained. Accounting systems must be as old as the trade itself, even as there may not be names for it in the beginning.

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Over the years – centuries – people have found ways to cope with the accounting requirement. Various accounting systems have been developed, in various forms and origins. Some were crude, others, developed from the ground up. Over time, and with the advent of computers, accounting softwares were developed and soon became not just a luxury, but a necessity. Their scope and capabilities also expanded, allowing business owners and managers to do more than document their financial performance.

Some accounting software have been expanded into full-blown enterprise resource planning (ERP) systems, which link the accounting function to all other functions of the business under a single platform.

Nonetheless, the accounting function remains central to the organization, because this is where the owners get a sense of how they are doing and if they could still afford to grow or keep their status.

This is the reason that considerable investments are made by companies to make their accounting softwares efficient and applicable to every aspect of the business. Aside from enabling them to meet requirements with the external tax or regulatory authorities, accounting softwares, through management accounting, allow them to evaluate their operations and plan their strategies over the long term.

Unfortunately, even the most well-managed systems still have their limitations. Often, these have to do with the cost of the accounting software, its maintenance and physical limitations especially in an increasingly connected business environment.

This is how Netsuite Accounting System makes itself distinct from the myriad of accounting systems in all businesses throughout the world. Taking advantage of the Internet, the cloud-based

Netsuite Accounting Software provides the same benefits plus the added advantage of mobility and cost-effectiveness for its clients. Because everything is in the cloud, the need for minimum hardware requirements and costly maintenance/ upgrading is eliminated. One only pays for the service one needs, and the duration and extent it is needed. NetSuite is the all-in-one solution that can grow with your business including accounting/ERP and eCommerce. Eliminate IT Maintenance and Upgrade Costs. NetSuite is a cloud-based, business management software giving you greater reliability while eliminating the need for on-site hardware and software.

Financials and Accounting

Automate your business with accurate and real time financial data with Netsuite's accounting software. NetSuite provides an extensive financial  and accounting system giving accountants flexibility and ease of use on accounting transactions and reporting. Conforming to international standard on Accounting, gain from the best practices in the system.

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  • Chart of AccountsNetSuite ERP
  • Multi Currency
  • Accounts Receivable
  • Accounts Payable
  • Bank Reconciliation
  • Cost Allocation
  • Budgeting
  • Profit Center Accounting
  • Financial Analytics and Reporting
  • Income Statement
  • Balance Sheet
  • Comparative Financial Statements
  • AR and AP Aging
  • Trial Balance
  • Financial Ratio

Customer Order Management

Meet your customer demand with efficiency. NetSuite gives you the ability to commit availability of stocks and deliveries. With NetSuite’s fully integrated sales and inventory module, user can readily see real time quantity on hand and quantity committed across warehouses for a next day delivery. With sales analytics on your fingertip, study your market trend and see movement of your items with graphs and reports.

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  • Quotation Preparation
  • Sales Order and Sales Contracts
  • Sales Delivery and Fulfillment
  • Sales Return
  • Customer Invoicing
  • Customer Payments
  • Customer Aging
  • Customer Self Service Portal
  • Customer Profitability
  • Customer Dashboard
  • Sales and Revenue Reporting

Purchasing and Payables Management

Improve your supply chain with extensive facility to automate purchase ordering and vendor relationship. Simplify importation and local purchases with Three Way Matching capability validating Purchase Order, Item Receiving and Accounts Payable. Seamlessly tied up with inventory, have the ability to execute automatic reorders and monitor status of item receipts.

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  • Purchase Request
  • Purchase Order
  • Item Receiving
  • Vendor Return
  • Landed Cost
  • Vendor Bill
  • Vendor Payment
  • Check Voucher Printing
  • Check Printing
  • Vendor Aging
  • Purchase Reports

Inventory and Warehousing

Set controls in your warehouse. Efficiently account and monitor all stocks from multiple warehouses. Track serialized inventory and lot numbered items with expiry dates with ease. Automate your stock card and see detailed movement of stocks from Sales, Purchases and Transfers. With direct integration with Financial module, readily compute COGS and inventory asset value real time.

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  • Item Record Maintenance
  • Multiple Unit of Measure
  • Item Pricing
  • Item Costing
  • Stock Receiving
  • Stock Issuance
  • Inventory Transfer
  • Warehouse Monitoring
  • Physical Count/Inventory Worksheet
  • Inventory Reports

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