Description
HighlightsThe 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 CourseTopics CoveredItemsTransactions(A) Procure to Pay/Return to Debit(B) Order to Cash/Return to Credit(C) Other TransactionsWhat is Items?Items are the goods and services you sell to customers, and the parts and raw materials you purchase from vendors. Item TypesInventory ItemNon-Inventory ItemService ItemDescription ItemDiscount ItemItem GroupKit/PackageMarkupInventory 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 ItemA service item is an item you create to track time and record billable hours.Description ItemDescription items have no amount field and are used only to add text to transaction. They can be used on both purchase and sales.Discount ItemA 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.
