Welcome to NetSuite Wholesale Distribution Edition. In this blog post, we will be walking you through the basics of setting up your new account. Before we begin, there are a few things that you will need in order to get started:
Once you have gathered all of this information, you will be ready to begin setting up your account.
The first step is to create your company’s profile. You will need to enter your company’s name, address, and contact information. This is also where you will specify your company’s time zone and currency.
The next step is to set up your inventory. You will need to enter your products’ SKUs, descriptions, prices, and quantities. If you have multiple warehouses, you will need to specify which warehouse each product is located in.
The third step is to set up your customers. You will need to enter your customers’ names, addresses, and contact information. You will also need to specify whether each customer is an individual or a business.
The fourth step is to set up your vendors. You will need to enter your vendors’ names, addresses, and contact information. You will also need to specify the terms of each vendor agreement.
The fifth and final step is to set up your financial information. You will need to enter your chart of accounts, credit card information, and banking information. Once you have completed all of these steps, your NetSuite account will be fully operational!
NetSuite allows users to create custom fields to store additional information that may not be captured by default fields. For example, you may want to create custom fields for tracking warranty information, product specifications, or customer preferences. To create a custom field, go to the "Customization" menu and select "Lists, Records & Fields" > "Custom Fields" > "New".
If you offer different pricing levels to different customers, you can set up pricing groups in NetSuite. This allows you to associate different prices with different customer groups and streamline the pricing process. To set up pricing groups, go to "Lists" > "Price Levels" > "New".
NetSuite offers robust tax management capabilities, allowing users to set up tax codes, rules, and rates for different jurisdictions. To set up tax codes, go to "Lists" > "Accounting" > "Tax Codes" > "New".
If you offer different shipping options to customers, you can set up shipping methods in NetSuite. This allows you to streamline the shipping process and ensure accurate tracking and billing. To set up shipping methods, go to "Lists" > "Accounting" > "Shipping Methods" > "New".
NetSuite offers powerful workflow automation capabilities that can help streamline and automate many business processes, such as approvals, notifications, and reminders. To set up workflows, go to "Customization" > "Workflows" > "New Workflow".
These are just a few examples of additional setup ideas for NetSuite Wholesale Distribution Edition. Depending on the specific needs and requirements of your business, there may be many other configuration options and customization opportunities available in the software. It's recommended to consult with a NetSuite expert or support team for further guidance and assistance.
Now that you have a NetSuite account, you can start managing your wholesale distribution business more effectively! Stay tuned for future blog posts where we will be discussing how to use NetSuite’s various features to streamline your operations even further. Thanks for reading!