How NetSuite Consolidated Invoicing Simplifies your Invoicing Process?

1. 5/21/2020 NetSuite Consolidated Invoicing - How it Simplifies Your Invoicing Process  +61 480 016 233  info@suiteactive.com.au How NetSuite Consolidated Invoicing Simplifies your Invoicing Process?    Home About Us Services Apps Knowledge Base Contact Us Home  NetSuite  How NetSuite Consolidated Invoicing Simplifies your Invoicing Process? Search …  SEARCH RECENT POSTS NetSuite Approval Workflow User Guide How NetSuite Consolidated Invoicing Simplifies your Invoicing Process? How a NetSuite Custom Transaction Form is beneficial for your business NETSUITE How NetSuite Consolidated Invoicing Simplifies your Invoicing Process? How to migrate from NetSuite Box V1 to Box V2? How to create Custom Records for enhancing NetSuite functionality Vartika Mishra May 4, 2020 ARCHIVES H H ave you ever heard of NetSuite Consolidated Invoicing? May 2020 If not, then let’s try to understand what it is and how it is April 2020 useful for your business? March 2020 February 2020 https://suiteactive.com.au/blog/netsuite-consolidated-invoicing/ 1/7

2. 5/21/2020 NetSuite Consolidated Invoicing - How it Simplifies Your Invoicing Process January 2020 Generating and dispatching invoices is an important aspect of any How NetSuite Consolidated Invoicing Simplifies your Invoicing Process? business. You need to generate an invoice for every business December 2019 transaction and send them to the appropriate customer. This process becomes a monotonous task, when you have a very large number of CATEGORIES customers or business transactions. Further, if you are required to send multiple invoices for a single NetSuite customer, then this process turns out to be more tedious. Your staff NetSuite SuiteFlow gets annoyed about doing such boring work. On the other hand, your SuiteApp customer also becomes irked to see their inboxes filled with multiple SuiteBuilder invoices within a short period of time. SuiteScript To assist you in this regard, NetSuite offers the advanced Consolidated Invoicing feature. With it, you will be able to generate a single invoice by summarizing many invoices’ data for a period. As a result, your customers will receive only one invoice. And, this invoice contains all the key data related to multiple transactions. What is NetSuite Consolidated Invoicing? This feature offers many advantages for your business such as Provides an easy-to-use user interface Excludes selected invoices or customers Accepts the payments for consolidated invoice Facilitates printing/e-mailing of the consolidated invoice Supports sending advanced schedule emails Facilitates the inclusion of sub-customers’ invoices within the parent customers’ invoices How does consolidated invoicing work? With consolidated invoicing, NetSuite allows you to create several invoice header fields. They may be created by using Invoice Number, Project, Location, Due Date, etc. However, up to three custom fields can be used on any invoice header. https://suiteactive.com.au/blog/netsuite-consolidated-invoicing/ 2/7

3. 5/21/2020 NetSuite Consolidated Invoicing - How it Simplifies Your Invoicing Process The request for the consolidation of invoices can be submitted through How NetSuite Consolidated Invoicing Simplifies your Invoicing Process? a UI. Both summarized and detailed data of an invoice can be previewed through this UI. Also, the invoice generating process can be easily scheduled at regular intervals. Apart from that, the print layouts for your consolidated invoicing can be customized and affixed to a customer record. This print layout can be also emailed to your customer in the PDF format. How to create NetSuite consolidate invoices? First, create a customer record, so that your customers would make use of this consolidated invoicing feature Then, navigate to List -> Custom -> Consolidated Invoicing Setup The page of Consolidated Invoicing Setup will display two option boxes 1. Enable Online Consolidation 2. Enable Scheduling Consolidation Enable both these options and then click on the ‘Enable For’ option. Immediately, a drop down list appears, in that, select the ‘All Customers’ option. Now, hit the ‘Save’ button to use the consolidated invoicing functionality Now, go to Lists -> Custom -> Consolidate Customer Invoices. Select all the invoices that are required to be consolidated and click on the ‘Submit’ button to generate the consolidated invoice PDF https://suiteactive.com.au/blog/netsuite-consolidated-invoicing/ 3/7

4. 5/21/2020 NetSuite Consolidated Invoicing - How it Simplifies Your Invoicing Process How NetSuite Consolidated Invoicing Simplifies your Invoicing Process? This consolidated invoice PDF can be either directly emailed to your customers or printed and sent to the customers in the form of hard copy Limitations of NetSuite Consolidated Invoicing? The consolidated invoices, * Are generated by using the invoice transactions in your NetSuite Service * Includes invoices related to a common currency or parent customer * Supports 3 levels of parent-child hierarchy. But, it is only applicable in case of sub-customers More importantly, the consolidated invoices are basically virtual invoices. As a result, the impact of the general ledger always remains with the individual invoice. Due to this, the A/R aging reports will never display any data related to a consolidated invoice. Make use of the NetSuite Consolidated Invoicing feature and consolidate multiple invoices. By doing that, you will be able to simplify your invoicing process. Also, you can prompt the customers to do more business with you by offering simplified transactions. You can also schedule a meeting to know more about Netsuite Consulting firms. Read More: https://suiteactive.com.au/blog/netsuite-consolidated-invoicing/ 4/7

5. 5/21/2020 NetSuite Consolidated Invoicing - How it Simplifies Your Invoicing Process A complete guide on NetSuite Custom Fields How NetSuite Consolidated Invoicing Simplifies your Invoicing Process? How to create Custom Records for enhancing NetSuite functionality Importance of NetSuite Amortization Schedule for a loan borrower CATEGORY: NETSUITE Vartika Mishra Posts created 5 PREVIOUS ARTICLE NEXT ARTICLE   How a NetSuite Custom Transaction Form is beneficial for your business NetSuite Approval Workflow User Guide Leave a Reply Your email address will not be published. Required fields are marked * COMMENT https://suiteactive.com.au/blog/netsuite-consolidated-invoicing/ 5/7

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7. 5/21/2020 NetSuite 2020, A Version Deriving Better Business Results NetSuite Consolidated Invoicing - How it Simplifies Your Invoicing Process Flexible and Customizable SuiteCloud Platform for Extended NetSuite NetSuite application Development and Integration NetSuite Approval Workflow User Guide How NetSuite Consolidated Invoicing Simplifies your Invoicing Process? Copyright 2020 All Right Reserved. Theme By ThemeGrill. Proudly powered by WordPress https://suiteactive.com.au/blog/netsuite-consolidated-invoicing/ 7/7