The document provides an overview of NetSuite SRP (Project Accounting) including key features such as project reporting, resource assignments, project billing setup, time and expense tracking, and invoicing customers. It also lists the main components included in NetSuite SRP like customer and employee records, projects and tasks, and options for resource planning and time/expense tracking. Contact information is provided for Bridgepoint Consulting to discuss NetSuite SRP further.

1. There are no secrets to success. It is the
result of preparation, hard work, and
learning from failure.”
— Colin Powell
“
PSA – NetSuite SRP (Project Accounting Overview)
Overview | September 2016

2. Project Accounting

3. 3
Table Of Contents
• Overview of SRP…………....………………………………………………….4
• Project Reporting ………………………………………………………………5
• Resource Assignments (screenshots) …………………………………........8
• Project Billing Setup ………………………………………………………….10
• Fixed Bid, Milestone Billing…….…………………………………………… 12
• Time & Material Billing ……………………………………………………….13
• Time & Expense (screenshots) …………………………………………......14
• Invoicing Customers ……….………………………………………………...18
• Contact Bridgepoint Consulting ….…………………………………..........20

4. 4
What is included in NetSuite SRP
• Customer & Contact Details
• Employee Records
– Titles, cost, bill rates
– Skills, certifications, experience
• Vendor Records
• Service and Expense Items
• Projects & Project Tasks
• Options for Project Setup
– Create New
– Project Templates
– Import form MS Project
• Resource Planning & Allocations
• Track Labor & Expense
– Employee Timesheets & Approval
– Employee Expense Reports & Approval
– Vendor Purchase Orders
• Invoice directly from application
– Invoice Review & Approval
– Billing Types (Charge, Fix, T&M)
– Billing Schedule (Milestone or % Complete)
– Revenue Recognition
• Project & Revenue Reporting
– View/Report on Project Categories
• Proposed, Active, Closed, (Custom)
– Real Time Project Metrics
• % Complete
• Resource Utilization
• Budget vs. Actual
NetSuite SRP goes beyond PSA!

5. 5
Project Reporting
NetSuite SRP
• Project Summary
– Cost Budget vs. Actual
– Billing Budget vs. Actual
• Project Task Detail
– Cost Budget vs. Actual
– Billing Budget vs. Actual
• Project Profitability
• Project Charges Forecast

6. 6
Project Reporting
NetSuite SRP
• Unbilled Time / Cost
by Client
• Project Billing
Reports
• Current Backlog by
Resource
• Estimated
Profitability by
Project
• Earned Value by
Project

7. 7
Project Reporting
NetSuite SRP
• Time Entry
Exceptions
• Utilization by
Employee
• Allocated Utilization
by Project
• Allocated vs. Actual
Hours by Resource
• Many more…

8. 8
NetSuite Resource Allocations

9. 9
NetSuite Resource Allocations (Search)

10. 10
Project Billing Setup
• Billing Types
– Charge-Based
– Fixed Bid, Interval
– Fixed Bid, Milestone
– Time and Materials
• Revenue Recognition
– % Complete Rule
– Fixed Amount, Date or Milestone
– Fixed Amount, % Complete
– Match Time and Expense Rule
NetSuite SRP

11. 11
Project Billing Schedule

12. 12
Fixed Bid, Milestone Projects
• Complete required data on Financial Subtab
• Select Billing Type and create a Billing Schedule
• Select a Service Item to bill
Project
• Create the Sales Order from the Project
• Save the Sales Order
• Bill the initial Amount (Billing Schedule)
Sales
Order
• Record Actual Time by Resource to Project
• Compare Actual Project Cost to EstimateTime Entry

13. 13
Time & Materials Projects
• Complete required data on Financial Subtab
• Select Billing Type
• Select a Service Item on the Task (by Resource)
Project
• Record Time & Expense by Resource to Project
• Approve Time & Expense
• Post Time to GL (Direct Labor or OPEX)
Time &
Expense
• Only approved Time & Expense can be billed
• Select Time & Expense by Date Range
• Edit Invoice with Concessions or Mark-ups
Invoice
Client

14. 14
NetSuite Employee Center
*Single click to create a new Timesheet from Employee Dashboard
*Employee views for Projects and Tasks

15. 15
NetSuite Weekly Timesheet
Capture Weekly Comments
Move from week to week easily!

16. 16
NetSuite Daily Time Entry
Capture Daily Comments

17. 17
NetSuite Expense Report
Easy to Use and Easy to Approve!

18. 18
Invoicing Customers
NetSuite SRP
• Know what to bill and when
• Eliminate duplicate data entry
• Automate Billing Schedules
• Review and Approve Invoices before sending them
to Customers
• Email .pdf attachment of Invoice
• Bulk Email to Clients
• Custom Invoice Formats
• No Outside CRM or ERP system needed (+)

19. 19
ANY QUESTIONS?

20. 20
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Building One, Suite 420
Austin, Texas 78731
Phone: 512-437-7900
WWW.BRIDGEPOINTCONSULTING.COM
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Dallas, Texas 75201
Phone: 469-209-4034
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Phone: 832-626-4495
CONTACT US
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