Service
- NetSuite-Oracle Content and Experience Integration General Availability and Enhancements
Advanced Project Budgets Enhancements
In 2020.2, the Advanced Project Budgets feature includes enhancements to daily operations and forecasting. With Advanced Project Budgets, you can now complete the following tasks:
- Provide revenue estimation based on items, billing classes, rate cards, and markup.
- Load the work breakdown structure from a template. The following functionalities are available for the work breakdown structure and budget records:
- Revenue calculation – When you define a WBS item, you can see the estimates immediately. Previously, you had to define charges, generate charges, and open the report to see estimates.
- Templates – You can use templates to enter the same work breakdown structure or budget information for similar and recurring projects.
- Unmatched actuals detection – If the classification for a project task or activity code is missing, you can now see the miscoded actuals. The actuals are shown in a new Unmatched row in the budget.
- Locked cells – All cells that Netsuite calculates from your input (item, billing class, rate cards, markup, or project resources) appear with a lock icon. This change enables you to see where edits are necessary in the calculation popup window. For more information, see the help topic Advanced Project Budgeting.
Project Revenue Recognition Enhancements
In NetSuite 2020.2, you can no longer create new labor-based project revenue rules. Contact your NetSuite account manager to discuss alternative settings if you have any existing labor-based project revenue rules. You can also now create stand-alone bills on projects to facilitate project revenue rules. Previously, the use of purchase rules and as charged rules was not supported unless you created a purchase order first. For more information, see the help topic Project Revenue Recognition.
New Project Indicators Portlet on the Project Dashboard
In NetSuite 2020.2, you can now access the Project Indicators portlet on the project dashboard. This portlet provides project managers with information about project status, changes or possible issues on the project, and any actions that are required. You can also access project indicators from a new subtab on the project record. The following notifications are currently supported:
- Expense To Approve – notifies the project manger about unapproved expense lines
- Time Not Tracked – notifies the project manager about untracked planned time
- Time To Approve – notifies the project manager about unapproved time entries For more information, see the help topic Project Indicators.