NetSuite Applications Suite (2024)

The following tables contain examples of rebate calculations using different calculation methods, calculation basis, and price pass-through:

  • Flat Amount

  • Percent (%) Calculation

  • Fixed Cost

  • Guaranteed Profit %

Note:

The calculation examples shown below are applicable to the item types supported by the SuiteApp. See Supported Item Types.

Flat Amount

The amount entered is rebated for each unit purchased or sold. Flat Amount is not dependent on a calculation basis.

Agreement Details:

Calculation Amount: 8

Calculation Basis: Not Applicable

Price Pass-through Type: Flat Amount

Price Pass-through Value: 2

Transaction Details:

NetSuite Applications Suite (1) NetSuite Applications Suite (2)

When you create multiple transactions and use different currencies for each transaction, the rebate value or calculation amount remains the same.

The SuiteApp does not support multi-currency conversion for the calculation amount set on the agreement details. To set a rebate amount relative to the currency and customer on your transaction, you must create a new agreement details record.

The following table shows two transactions with rebates created with different currencies, one for US dollar and the other for euro:

Agreement Details:

Calculation Amount: 10

Calculation Method: Flat Amount

Conversion factor: $1- €0.8

NetSuite Applications Suite (3)

Percent (%) Calculation

A percentage of the cost basis is rebated, or a percentage of the rebate cost amount entered on the rebate agreement for the item is refunded.

The following examples include three types of calculation basis, which include Average Cost, Rebate Cost and Transaction Cost.

Agreement Details #1:

Calculation Amount: 6%

Calculation Basis: Average Cost

Price Pass-through Type: Flat Amount

Price Pass-through Value: 5

Transaction Details #1:

NetSuite Applications Suite (4) NetSuite Applications Suite (5)

Agreement Details #2:

Calculation Amount: 10%

Calculation Basis: Rebate Cost

Rebate Cost Value: 20

Price Pass-through Type: Flat Amount

Price Pass-through Value: 5

Transaction Details #2:

NetSuite Applications Suite (6) NetSuite Applications Suite (7)

Agreement Details #3:

Calculation Amount: 10%

Calculation Basis: Transaction Price

Transaction Price Value: 10

Price Pass-through Type: Flat Amount

Price Pass-through Value: 5

Transaction Details #3:

NetSuite Applications Suite (8) NetSuite Applications Suite (9)

Fixed Cost

The difference between the calculation basis and the calculation amount. The rebate amount is the difference between the amount paid for the item on the transaction and the amount entered on the agreement.

Agreement Details:

Calculation Amount: 4

Calculation Basis: Average Cost

Price Pass-through Type: Percentage

Price Pass-through Value: 10%

Transaction Details:

NetSuite Applications Suite (10) NetSuite Applications Suite (11)

Guaranteed Profit %

The purchaser is guaranteed the rebate percentage as margin or profit.

Agreement Details:

Calculation Amount: 12%

Calculation Basis: Average Cost

Price Pass-through Type: Percentage

Price Pass-through Value: 5%

Transaction Details:

NetSuite Applications Suite (12) NetSuite Applications Suite (13)

General Notices

NetSuite Applications Suite (2024)

FAQs

What are suite answers in NetSuite? ›

SuiteAnswers is the NetSuite self-service support site where you can view announcements, support articles, videos, help topics, and best practice documents for NetSuite. From SuiteAnswers, you can also submit a question or issue by email or contact NetSuite Customer Service by phone.

Why do people leave NetSuite? ›

Lack of career and promotional prospects (42%)

However, many organizations still fail to provide a clear career pathway for their NetSuite employees, and that's a big sticking point for many.

How to get to suite answers? ›

Go to the Support tab and click the Visit SuiteAnswers button. Enter your question in the search box at the top of the SuiteAnswers home page.

Is NetSuite difficult to learn? ›

The time it takes to learn NetSuite can vary widely depending on your prior experience with similar systems and the complexity of the features you need to use. On average, a basic understanding can be achieved in a few weeks of regular use and training.

What is the difference between NetSuite help center and suite answers? ›

The Help Center is a knowledge base, whereas SuiteAnswers is a repository for NetSuite product documentation.”

What are SuiteApps in NetSuite? ›

SuiteApps are applications or bundles that extend NetSuite for specific industry and business needs.

What is the NetSuite controversy? ›

A class action lawsuit alleges Oracle fails to disclose up front that its NetSuite business admin software cannot be used without extensive customization. Oracle America, Inc.

What are the problems with NetSuite? ›

Customization Difficulties (53 occurrences): Lack of customization can prevent catering to specific business needs. Bank Data & Reconciliation (48 occurrences): Issues here can lead to incorrect financial statements.

Why NetSuite is better than SAP? ›

SAP can make changes to code, but this will, unfortunately, restrict the user's ability to upgrade and apply fixes. On the other hand, NetSuite has the capacity to edit and customise forms, records, KPI and visual appearance without the need to modify the code.

Does NetSuite have a knowledge base? ›

NetSuite knowledge bases are flexible, solutions can be organized into multiple topics and subtopics, allowing for efficient indexing and accessing of information. Building a knowledge base has many positive impacts on your business.

What is NetSuite customer center? ›

NetSuite provides a standard role for customers. The Customer Center role lets customers view their estimates, orders, invoices, and payments.

How to open a case with NetSuite support? ›

To create a support case (Premium Support):
  1. Go to Contact Support > Create Support Case.
  2. Enter a query and check if an existing help topic relates to your issue.
  3. If no help topic matches your query, select a type of case from the dropdown list.
  4. Select a case severity.

Is NetSuite better than QuickBooks? ›

QuickBooks, while powerful, is primarily focused on core accounting processes well-suited for businesses with straightforward financial management needs. NetSuite, on the other hand, is designed to handle the complex needs of businesses of all sizes, particularly those with global operations.

Which is better Oracle or NetSuite? ›

NetSuite offers easier adoption and a more user-friendly interface, while Oracle ERP Cloud provides more advanced features but has a steeper learning curve and longer implementation time. Which is better for customization and integration?

Does NetSuite pay well? ›

The average NetSuite salary ranges from approximately $55,000 per year for Business Development Representative to $145,867 per year for Principal Software Engineer.

What is SuitePeople in NetSuite? ›

SuitePeople is a comprehensive and integrated Human Capital Management (HCM) solution. SuitePeople eliminates repetitive and manual processes by providing one source for employee data.

What is suite script in NetSuite? ›

SuiteScript is the NetSuite platform built on JavaScript that enables complete customisation and automation of business processes. Using the SuiteScript APIs, core business records and user information can be accessed and manipulated via scripts that are executed at pre-defined events.

How to pass NetSuite SuiteFoundation exam? ›

Getting NetSuite certified increases your marketability and opportunities. If you're serious about passing the SuiteFoundation exam, start preparing now by mastering the key topics, going through practice questions, and getting real experience in the platform. An investment in studying will pay off. Best of luck!

What is suite bundle in NetSuite? ›

A bundle in NetSuite refers to a collection of customizations, configurations, and functionalities packaged together for easy deployment. It allows businesses to streamline processes, enhance productivity, and meet specific requirements.

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