Core Finance

Items and Expenses

This release included an efficiency improvement to rearrange the order of the Items and Expenses tab on purchasing and accounts payable related transactions. The Items tab is now the default entry method to allow purchasing by item/product code with quantities and units of measure

Credit Card Transactions

Add fund for credit card transactions to accommodate fund accounting requirements.

Banks Statement Parsers SuiteApp

The Bank Statement Parsers SuiteApp was added to the NetSuite for Government bundle. This SuiteApp delivers standard parser plug-ins that can read bank and credit card statement files and import the data in NetSuite to aid with bank reconciliation. The Financial Institution and Format Profiles can be configured to identify multiple bank accounts within a single file. For more information please see NetSuite's documentation guide on the Bank Statement Parsers SuiteApp.

Suite Tax

This release includes the SuiteTax SuiteApp which will provide the ability to track sales tax, use tax and 1099 back-up withholding tax for organizations that require this functionality. Sales tax is currently an automated process within the Accounts Receivable and Cash Receipts areas and is manual for Purcahsing and Accounts Payable transactions. For more information please see NetSuite's document guide on the SuiteTax SuiteApp.