What It Does
Capabilities & Features
The Prolecto Sales Allowance Accruals is designed to help organizations define rules to produce allowance programs, such as repairs, returns, bad debts, marketing, and others. It may also mean creating programs to discount based on agreed-upon selling programs. The tools allow for criteria-based transaction analysis to either add more lines to existing transactions or directly create the general ledger accounting. SuiteGL Customization for adding global general ledger allowance accruals (back end) and contracted sales discount lines (front end). Use case examples include warranty reserves, bad debt reserves, returns reserves. Other use cases include promotional allowances with programs that are both time, customer, and item-based. Handles returns with appropriate returns allowance accounting to eliminate challenges with NetSuite debiting the same Sales account as the traditional sales income account.
Why It Matters
Business Value
For many organizations that work with returns, NetSuite's native system will debit sales versus the allowance account. The framework considers scenarios to drive proper allowance programs.