The Starter Series Part 1

If you’re considering purchasing NetSuite’s Starter Edition, then you’re thinking the right thing! With NetSuite’s Starter Edition, you can say hello to rapid success and efficiency within your business! The Starter Edition is perfect for small businesses that are seeing rapid growth because it allows you to manage every aspect of your business all within one system. After spending decades watching and learning from diverse and copious amounts of deployments around the world, for this edition, NetSuite focused its efforts on gathering today’s top leading practices so that you can have your business set to go “with pre-configured KPIs, workflows, reminders, reports and value-driven dashboards'' that will be a huge asset for your daily and strategic needs. And when we say this software can manage every aspect of your business, we mean every aspect! The software has aspects for every key role within your business.

To gain more insight on how NetSuite SuiteSuccess Starter Edition is able to help you with rapid success and efficiency, here are some of the main ERP fundamentals of the Starter Edition:

Accessing and Navigating NetSuite.

With thorough walkthroughs, you’re able to get a full understanding of NetSuite’s system so that you can see the various ways it can not only take manual tasks off your hands but streamline the processes of your business by automating many things that are prone to human error. Success in implementing NetSuite and allowing it further the growth of your business rides on your ability to successfully integrate the system into the every-day moves of your business which is why accessing and navigating NetSuite is a part of the ERP fundamentals!

Activate company-wide Starter Edition configuration settings and user-level preferences.

With moving pieces, growing roles and unique circumstances, it’s important that NetSuite customize itself to your business’s preferences as much as possible. That’s why the Starter Edition ERP fundamentals takes the time to help you activate company-wide configuration settings and user-level preferences so that everyone is on the same page but also so that every role within your business only has access to information that is absolutely necessary. This can help you avoid unnecessary mistakes between employees as well as keep up-to-date on standard practices by being able to “identify the purpose of user roles; their relationship to security and navigation”. Within this section, you can also “review administrative and end-user tasks involved in the end- to-end business processes that encompass the ERP processes workflows” and so much more!

Prepare for ongoing maintenance.

Although automating will be a valuable piece in keeping things running smoothly, preparing for ongoing maintenance will be another. In the beginning of the NetSuite SuiteSuccess Starter Edition ERP Fundamentals, you’re taught how to routinely check-in on the software to make sure it’s staying up to date with the growing changes of your business. By doing this, you can ensure that every level of your company is continuing to implement it into their own work days so that you’re moving as efficiently as possible while staying compliant and successfully growing.

While the Starter Edition Services Tutorial provided with this edition provides you with an overview for accounting, it also gives end users very basic step-by-step instructions on things such as:

Creating and Maintaining a Chart of Accounts

Doing this right from the beginning can ensure that your team charts your accounts with accuracy by curating it to the unique needs of each client.

Creating, Editing, and Viewing Journal Entries

Within NetSuite, you have the ability to utilize “intercompany journal pages for transferring amounts between two subsidiaries”. These journal entries can consist of “standard, reversing, recurring, imported and automated entries”. These are helpful and should be considered for documenting accrued advertising expenses among other things!

The NetSuite SuiteSuccess Starter Edition is overflowing with opportunities to streamline your business. Make sure to read our Starter Series Part 2 blog to find out other ways this software can serve your needs!

Ref: https://www.netsuite.com/portal/products/suitesuccess/starter-edition.shtml