NetSuite Revenue Recognition

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Күн бұрын

In this video, I run through the basics of Revenue Recognition (ARM). This should orient users to how ARM works and some of its basic procedures. If you're interested in more information or other videos relating to accounting functions in NetSuite, check out my course at: supertraining.supersync.cloud/
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Video Chapters:
Intro - 00:00
Rev Rec Flow Chart - 01:15
Support the Channel! - 03:50
Revenue Arrangements & Elements - 04:24
Revenue Plans - 05:50
Rev Rec Rules - 07:25
Update Revenue Arrangements - 13:55
Recognize Revenue - 16:55
Outro - 18:58

Пікірлер: 26

@Tarunp158 4 ай бұрын

Hey Cris, your videos are very clear. Could you pls make a video on Manufacturing Module as well.

@SuperSuiteCris 4 ай бұрын

Hi Tarun, thanks so much for the compliment. Yes! I have a couple courses to finish first, but I definitely want to make an inventory/manufacturing module soon!

@brbcaribbean 27 күн бұрын

Thanks man, very useful!

@SuperSuiteCris 27 күн бұрын

Glad it helped!

@allegiances Ай бұрын

Great video Cris! Thank you. I'm trying to find the SuiteAnswers article you mentioned that discussed 'Amount Source' in further detail but cannot find it. Do you mind sharing the link you're referring to specifically? Thank you!

@SuperSuiteCris Ай бұрын

If you go on SuiteAnswers look for Answer ID 49208. Good luck!

@superawesomechannel8801 4 ай бұрын

thank you for your videos! really helpful.

@SuperSuiteCris 4 ай бұрын

You're very welcome!

@subbaduvvuri3925 3 ай бұрын

Thank you. Helpful

@SuperSuiteCris 3 ай бұрын

You're welcome!

@subbaduvvuri3925 3 ай бұрын

@@SuperSuiteCris Can you please let me know how to get certification for Netsuite ARM module

@SuperSuiteCris 3 ай бұрын

There isn't a certification for ARM specifically, but you could do the Financials User Certification.

@subbaduvvuri3925 3 ай бұрын

@@SuperSuiteCris Thank You!

@Linanguyen16 2 ай бұрын

Hi Cris, is there anyway we can reduce the quantity of inventory without changing the value?

@SuperSuiteCris 2 ай бұрын

The Value is just the average cost multiplied by the quantity. So if you want to reduce quantity and retain the value, you would need to increase the average cost.

@gabrielrollano1963 4 ай бұрын

Great Video. Wish you would have talked about Custom Revenue Recognition Events, use cases, and the process of implementing it. I am not able to find any content online about it, and the help documentation within NetSuite isn't great.

@SuperSuiteCris 4 ай бұрын

Hi Gabe, thanks for the kind words. I'm still only halfway through doing basic videos on the main NetSuite tools/features, but have no fear, I'll eventually double back and start making deep dive videos on things like Rev Rec, FAM, etc.

@rajeshvatturu6609 4 ай бұрын

Nice cris❤

@SuperSuiteCris 4 ай бұрын

Thanks Raj!

@ManuelSoberanes 3 ай бұрын

Do you offer training to pass NS accountant certification?

@SuperSuiteCris 3 ай бұрын

Do you mean the NetSuite Financial User Certification? I don't have a course for that yet, but I have two things that might help. 1. If you are going for the Financial User Cert, you can take my NetSuite for Accountants course which will help you on the exam. supertraining.supersync.cloud/courses/accountants-course 2. If you haven't gotten your SuiteFoundation Certification (which is a prereq for Financial User), then I am releasing a Prep Course for that on Monday morning. You'll find it at this link: supertraining.supersync.cloud/collections