NetSuite ERP: The Ultimate Complete ERP Training Course 2026

Learn how to log in, navigate the NetSuite home page, and explore essential menus such as transactions, purchases, banking, and activities to manage accounts and workflows.

Learn how to enable features in NetSuite using the enable features page, assign permissions, and explore company, accounting, tax, transactions, inventory, CRM, analytics, web presence, and developer customization options.

Compare NetSuite license types, showing how single entity covers one company while OneWorld supports multiple subsidiaries, multi-currency, and global compliance for international operations.

Create a multi-company NetSuite Oneworld setup by establishing a parent company, configuring elimination accounts, and automating intercompany eliminations to produce accurate consolidated financial reports.

learn how to create a parent company in NetSuite OneWorld, input essential company information, set the US dollar currency, and manage subsidiary relationships.

Learn how to create a child or legal company in NetSuite OneWorld, configure subsidiaries under a parent, gather required information, and set up document number prefixes for unique transaction numbering.

Learn to create an elimination subsidiary in NetSuite OneWorld to balance intercompany transactions and support consolidated financial reporting, using journal entries and proper currency setup.

Understand NetSuite's auto generated numbers for entities and transactions, including prefixes, minimum digits, and initial numbers, plus subsidiary specific sequences to ensure unique, gapless transaction numbers.

Rename records and transactions in NetSuite to align with your company language, such as customer to client and bank to cash account, using the Rename Records Transactions page.

Discover how NetSuite classifications categorize transactions, records, or items to tailor reporting and gain granular insights. Explore subsidiaries, departments, locations, and classes.

Learn to classify and use subsidiaries in NetSuite OneWorld for financial, sales, and purchase reporting. Set the subsidiary context, drill down by subsidiary or hierarchy, and export reports.

Create and manage departments in NetSuite ERP, assign them to records and transactions, and generate department-based reports across NetSuite OneWorld subsidiaries.

Learn to create and manage NetSuite locations, assign subsidiaries, set time zones and coordinates, and generate location-level financial and inventory reports.

Explore how NetSuite classes organize financial data by category, assign classes to items and employees, and generate class-based income statements, balance sheets, and purchases reports across subsidiaries.

Learn to set up and manage multicurrency transactions in NetSuite by defining base and foreign currencies, creating new currencies, and configuring automatic exchange rate updates.

Learn how to set up and manage currency exchange rates in NetSuite, linking base and foreign currencies, applying rates for accurate cross-currency transactions, and using direct, triangulation, or manual methods.

Master the golden rules of accounting and classify real, personal, and nominal accounts. Apply debit what comes in, credit what goes out to assets, liabilities, equity, tracking income and expenses.

Learn the accounting equation where equity equals assets minus liabilities, examine assets and liabilities, and see how the double-entry system records owner investments in real transactions.

Learn the double-entry system of debit and credit, where each transaction affects two accounts, balancing assets, liabilities, and equity, with income, cost of goods sold, and expenses.

Explore the balance sheet and income statement, linking assets, liabilities, and equity with debits and credits to reveal a company’s financial health and the interconnection of income, expenses, and cogs.

Identify the main account types in balance sheets (assets, liabilities, equity) and income statements (income, cogs, expenses) and how the chart of accounts categorizes these areas with examples.

Navigate to lists, then accounting, accounts, and new to view NetSuite's predefined account types—assets, liabilities, equity, and income—that chart of accounts must belong to; custom account types cannot be created.

Create and structure a chart of accounts in NetSuite by understanding account types: assets, liabilities, equity, revenue, cogs, and expenses, and applying a logical, customizable numbering system.

Explore how to create asset accounts in NetSuite OneWorld, including bank accounts, petty cash, inventory items, and accounts receivable, with rules on shared vs. unique accounts across subsidiaries.

Learn how to create a liability account in the NetSuite chart of accounts, including accounts payable and payroll accruals, and share it across all subsidiaries by including children.

Learn how to create an owner's equity account in NetSuite's chart of accounts, including account number, name, equity type, and enable include children for subsidiaries across all companies.

Create an income account in NetSuite by navigating to lists > accounting > accounts, selecting new, and setting the account type to income, with subsidiary sharing and include children enabled.

Create a cost of goods sold account in NetSuite by adding a chart of accounts entry, number 5000, cost of goods sold, and save.

Create an expense account in NetSuite by navigating the chart of accounts, entering number and name, selecting sub account and expense type, enabling include children for subsidiaries, then saving.