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Services and Fair Values allocations

in Ask A Guru 10 comments

Hi

We use a third party PS tool for managing projects and currently, we import billing and revenue data manually into NetSuite as standalone Invoices and Journals.

We also have recurring subscriptions in NetSuite where Fair Value allocations apply.

However, we need to also apply Fair Values on our Services offerings.

We have the projects module in NetSuite but we do not have an integration with the PS tool but we are looking to develop this as to be state. We don't use utilise Projects module but we were anticipating that it would relevant for Fair Values Allocations.

The current state is as follows:

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