Contacting NetSuite Support is one way to resolve problems or get answers to day-to-day questions. However, it’s not the only way to get help when you find yourself stuck with NetSuite CRM or ERP system issues. There are a number of resources out there to learn, in detail, how a feature works and get new ideas on how to better leverage NetSuite. Here are 7 ways you can get additional NetSuite support help:Read More →
If your organization works with projects or offers consulting services and charges clients an hourly rate, then the phrase ‘time is money’ really means something to you, and this article will be of great interest to you.
Organizations like yours need a time tracking strategy for tasks, ranging from calculating the cost of time and material projects and following up on the training time employees are investing in to tracking the profitability of your projects.
PURPOSE OF NETSUITE 1099 MISC REPORTING
In general, payments made to non-employees/independent contractors in excess of $600 within a calendar year must be reported to the IRS. This is done by filing a 1099-MISC form. If a business needs to file more than 250 forms, they are required to electronically file with the IRS. Depending on the state in which the work was performed, separate filing could also be required at the state level.Read More →
It’s less costly to properly maintain the ERP system that you have, than to get to a point where you have to start again.Read More →
Large public companies, most notably Verizon and Workday, have been preparing for what has been considered one of the most historic accounting changes to hit the market in decades (Forbes), NetSuite ASC 606/IFRS 15. Verizon has been preparing for this transition over the last 3 years. Workday has a dedicated team of accountants reviewing all their contracts and making adjustments to their financial statements.Read More →