Business needs to manage their time and cash to grow their business and in cash 360 Netsuite you will get both of these benefits.
In the article ' cash 360 Netsuite: A step-by-step guide for beginners ( 2023 ) ' we have written all the essential information which you should have to know.
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Table of Contents
NetSuite cash 360
What is Item 360 in NetSuite?
How do I access NetSuite cash 360?
what are the benefits of using Cash 360 in NetSuite
NetSuite cash flow statement
How do I customize my cash flow statement in NetSuite?
NetSuite cash flow forecast
What is a cash sale in NetSuite?
How do I process a cash sale in NetSuite?
NetSuite project to cash
cash 360 Netsuite
Cash 360 NetSuite is a cloud-based management software by NetSuite that is used to show business cash position in real-time. Additionally, it also shows accurate near-term forecasts and saves time for the financial department.
NetSuite cash 360 dashboard
NetSuite cash 360 dashboard displays your total receivable and total payable, cash forecast, and the total bank balance of a business. It also consists of links through which you can assess records, reports, and transactions, and aging summary pie charts are provided for accounts payable and accounts receivable.
What is Item 360 in NetSuite?
Item 360 is a feature of NetSuite that shows you all the necessary data for an item in a centralized location and at a single dashboard. Such as key performance indicators KPIs, stock level, the total amount of inventory, recent transactions, etc with the help of this, you can find and solve faults relevant to the inventory and supply chain.
How do I access NetSuite cash 360?
Here are some steps through which you can access NetSuite cash 360
1. Open your suite app and search for 'cash 360' in the search section.
2. Click on 'cash 360' in the search results to install it.
3. After installation you will get access to NetSuite cash 360 dashboards.
what are the benefits of using Cash 360 in NetSuite
The top 4 benefits of using Cash 360 in NetSuite are:
1. Cash 360 displays your real-time cash position through which you can make better financial decisions.
2. It is an automated solution. So you don't have to be practically involved in it.
3. It also saves your financial department time by providing accurate near-term forecast data.
4. It prevents your business from cash flow issues by providing visibility of cash flow.
NetSuite cash flow statement
There are a total of 3 activities in the NetSuite cash flow statement which: investing activity, operation activity, and financing activity. NetSuite consists of a standard statement that displays your total amount of cash in the bank account, account, accounts receivable, net income, etc in rows.
Must read:
What is Cash flow, it's head? importance of cash flow in small businesses
How do I customize my cash flow statement in NetSuite?
To customize your cash flow statement in NetSuite you have to follow these simple steps:
1. Go to Reports > Saved Reports > Custom Cash Flow Statement > Customize.
2. Edit the Layout page on the Financial Report Builder, and select the Cash at starting of the Period row.
3. Through the report list choose Custom Cash Statement.
4. Through the row list Choose the total cash.
5. At last, click on save.
NetSuite cash flow forecast
Netsuite forecasts cash flow based on the business's current financial position and it consists of a cash forecast table that displays the projection of financial outflows and inflows. Additionally, you can make changes to inflow and outflow transactions. Eg - payments of dividends and interest rate, payroll, sale of assets, projected debt repayments, etc according to your requirements.
What is a cash sale in NetSuite?
cash sale in NetSuite is a report which records the transaction of sales of goods and services through which a business receives immediate cash. It consists of the cash line items that display the sale of goods and services, and the sum of all sales amounts plus any applicable tax equals the total amount paid for the transaction.
How do I process a cash sale in NetSuite?
Here are some steps to process a cash sale in NetSuite:
1. Click on Opportunities > Transactions > Cash Sales.
2. Under Primary Information, in the Custom Form field select a sales receipt form.
3. In the Sale # field Enter the number of sales.
4. In the customers or project field choose any one project or customer.
5. On the data place enter the data.
6. At the items sublist write the items that are sold.
7. Select the tax on the sale of an item.
8. At last, Save the cash sale.
NetSuite project to cash
NetSuite project to cash is a NetSuite feature that allows companies to integrate the order-to-cash process with project activity. Additionally, It gives insight into projects purchase through which business managers gets help in the creation and management of purchase.
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NetSuite cash flow
Netsuite cash flow is software that provides businesses with financial data and eliminates human work by automation. This software consists of various features such as automated reconciliation, auto-post journal entries, banking integration, electronic bank payments, etc. The business cash flow statement by NetSuite helps you to make better investments or other financial decisions.
what are the new features in NetSuite 2023.1
There are various new features in NetSuite 2023.1 such as SuitePeople Payroll, SuitePeople Workforce Management, NetSuite Analytics Warehouse, NetSuite Ship Central packing and shipping, and update features of the SuiteCloud Platform. But in NetSuite 2023.1 SuiteCommerce MyAccount SuiteCommerce and Suite Commerce Advanced will not be provided.
Is oracle netsuite free
No, oracle netsuite is not free. It consists of various pricing plans which you can choose according to your requirements. The plan includes the modules required, the number of users, and the level of support needed. You can also contact oracle netsuite if you have any queries about oracle netsuite plans.
what is the difference between a cash sale and an invoice in NetSuite
The difference between a cash sale and an invoice in NetSuite is that in a cash sale transaction is recorded of sales of services and goods in which payment is received, In the invoice, the transaction is recorded when sales of goods and services are delivered but payment is expected at a late date.
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