I've been looking at the Netsuite app's accounting transactions opportunity and it seems quite complex. What are some of the core functionalities that users need to understand?
How does this system handle recurring transactions, such as subscription payments or monthly expenses?
Can you clarify how the system tracks and reports on different types of revenue streams - e. G., service fees, licensing agreements?
I'm curious about the reconciliation procedure for transactions involving several subsidiaries or departments in Netsuite.
What are some potential challenges consumers may well experience when employing this platform to handle their accounting data?
How does the technique help different accounting techniques (e. G., Fifo, Lifo) and impact financial reporting?