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Learn Oracle NetSuite : Items & Transactions
Rating: 2.5 out of 5(1 rating)
44 students

Learn Oracle NetSuite : Items & Transactions

Learn Items & Transactions and became a NetSuite Expert.
Created bySkill Trainer
Last updated 4/2022
English
English [Auto],

What you'll learn

  • What is Items?
  • What is Transactions?
  • Procure to Pay/Return to Debit
  • Order to Cash/Return to Credit

Course content

1 section • 5 lectures • 4h 9m total length

  • Introduction to Items55:14

    Explore item concepts in NetSuite, including item master types (inventory, non-inventory, service), serial and lot tracking, unit types, pricing levels, discounts, groups, and descriptions for efficient inventory and sales transactions.

  • Introduction to Items and Transactions : Part 0245:59

    Explore how to manage items and transactions in NetSuite, from creating inventory and service items to the flow of purchase orders, item receipts, bills, and payments across vendor records.

  • Procure to Pay/Return to Debit30:57

    Explore procure-to-pay workflows in NetSuite, including item receipt, standalone bills, vendor returns, and applying payments with credits and refunds.

  • Order to Cash/Return to Credit47:00

    Master the order to cash flow in NetSuite, from sales orders to fulfillment and billing. Customize forms, set price levels, apply discounts, and link orders to customers and projects.

  • Other Transactions1:10:14

    Explore the Oracle NetSuite items and transactions workflow, from sales orders to item fulfillment, invoicing, and customer payments, including returns, credit memos, and refunds.

Requirements

  • NetSuite Basics, Basic Accounting and jQuery.

Description

Highlights

  • The main objective of this course is to make aspirants understand the types of items, Procure to Pay/Return to Debit flow, Order to Cash/Return to Credit flow, Other Transactions flow.

  • This Course will help you to grow your career as Accountant Professional, Financial Professional, NetSuite Auditor and Functional Consultant.

  • If you are IT professionals, ERP domain, Business Analyst and fresher, This Course will help you to become Accountant Professional, NetSuite Auditor and Functional Consultant.


About Course

Topics Covered

  • Items

  • Transactions
    (A) Procure to Pay/Return to Debit
    (B) Order to Cash/Return to Credit
    (C) Other Transactions

What is Items?

  • Items are the goods and services you sell to customers, and the parts and raw materials you purchase from vendors.

Item Types​

  • Inventory Item​

  • Non-Inventory Item​

  • Service Item​

  • Description Item​

  • Discount Item​

  • Item Group​

  • Kit/Package​

  • Markup​

Inventory Item ​

​An inventory item is a product that is purchased for resale and is tracked in Stock and on the Balance Sheet.​


  • Types : ​

1.Serialized Inventory Item ​

2. Lot Numbered Inventory Item ​

​

  • Non-Inventory Item ​

  • Items that you always dropship or other items that you sell or purchase but do not stock can be recorded and tracked as non-inventory items.​

Service Item

  • A service item is an item you create to track time and record billable hours.​

Description Item

  • Description items have no amount field and are used only to add text to transaction. They can be used on both purchase and sales.​


Discount Item​

​A discount item can also be used to reduce the total amount of a transaction.​


Item Group ​

​This is a record to identify several member items that are sold together as one unit. The price of the group is dependent on its components' prices.​

​Kit/Package

  • This is a record to identify several member items that are sold together as one unit. The price of the kit is not dependent on its components' prices and can be assigned several price levels.​

​

Who this course is for:

  • If you are IT professionals, ERP domain, Business Analyst and fresher, This Course will help you to become Accountant Professional, NetSuite Auditor and Functional Consultant.

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