Implementing Advanced Financials in NetSuite


Course Objective

By the end of the course, you will know how to use and apply budgets, set up revenue recognition (including adherence to EITF-08) and revenue commitments, and forecast revenue. We discuss how to use amortization on both expenses and as a tool for depreciating assets; expense allocation and billing schedules.

This course is right for you if you...

  • Need to further your learning on NetSuite Advanced Financials functionality
  • Need a deep dive into the accounting capabilities of NetSuite
  • Have a very solid understanding of the financial and organizational goals and rules of your company.

Note: If your organization is currently undergoing a NetSuite implementation, then prior attendance in NetSuite Essentials is recommended. If the implementation is complete, then attendees should have been using NetSuite for at least 6 months. This course is also beneficial to new staff members joining organizations using NetSuite's Advanced Financials.

Key Tasks Taught: How do I...

  • Setup and use Multiple Budgets so that I can plan my future income and expenditure, then track how I am doing against the plan?
  • Setup and use Recognize Revenue and VSOE to the Financial Accounting Standards Board’s specification?
  • Setup and use Revenue Commitments so that I can recognize revenue before it is billed to my customers?
  • Setup and use Sales Order Revenue Forecasting?
  • Setup and use Billing Schedules to automate billing to my customers, so that my customers receive their bills in a timely manner?
  • Setup and use Amortization to spread my expenditure the periods it covers, and not just the period in which I incurred the expense?
  • Setup and use Expense Allocation so that my expenditure is automatically spread throughout my organization without the need to manually process journals?

Duration: 2 days
Price: $1,600 USD

View the Course Data Sheet for daily topics, prerequisites, and other key information

View the Course Schedule




CPE

CPE credits

CPE credits are available for NetSuite courses. Check out our CPE list for details.