NetSuite - Using Accounts Receivable (AR) Course Overview

Certainly! Here are the minimum required prerequisites for successfully undertaking training in the NetSuite - Using Accounts Receivable (AR) course:

• Basic understanding of accounting principles, particularly those related to accounts receivable processes.
• Familiarity with general business processes, including sales, billing, and customer management.
• Proficiency in using computers and navigating software applications.
• Ability to understand and follow step-by-step instructions for software operations.
• Willingness to learn and adapt to new software functionalities within NetSuite.

Please note that while prior experience with NetSuite or other ERP systems is advantageous, it is not a strict prerequisite for this course. The training is designed to guide you through the specific functionalities of NetSuite's Accounts Receivable module, starting with foundational concepts.

Target Audience for NetSuite - Using Accounts Receivable (AR)

Koenig Solutions' NetSuite - Using Accounts Receivable (AR) course is designed for professionals managing financial transactions and customer data within NetSuite.

• Accounts Receivable Specialists
• Financial Controllers
• Accountants
• Bookkeepers
• Billing Managers
• Sales Administrators
• Finance Managers
• Business Analysts specializing in finance modules
• NetSuite Administrators
• ERP Consultants
• Operations Managers with finance oversight
• Customer Service Representatives dealing with billing and payments

Learning Objectives - What you will Learn in this NetSuite - Using Accounts Receivable (AR)?

Introduction to Learning Outcomes:

The NetSuite - Using Accounts Receivable (AR) course equips learners with the skills to effectively manage the AR process, from setting up dashboards to generating insightful reports.

Learning Objectives and Outcomes:

• Configure the Accounts Receivable Home Dashboard to streamline daily AR tasks and monitor key performance indicators.
• Create and manage customer records, including the addition of new contacts, to maintain an organized database within NetSuite.
• Process sales orders and invoices, including creation, approval, billing, and invoicing of billable customers, to ensure accurate revenue recognition.
• Receive and record customer payments, handle deposits, and manage credit memos and refunds to maintain accurate account balances.
• Generate and approve return authorizations, facilitating efficient handling of customer returns and related financial adjustments.
• Set up and manage billing schedules, commit revenue for sales orders, and produce monthly customer statements for recurring billing and revenue management.
• Navigate NetSuite's reporting tools to create and analyze sales order, return authorization, open invoices, and transaction detail reports.
• Produce customer and receivables reports to monitor customer financial activity, outstanding balances, and overall AR health.
• Understand the implications of AR transactions on financial statements and the importance of accurate AR management for financial reporting.
• Apply best practices for AR management within NetSuite, improving the efficiency of financial operations and customer satisfaction.