Prolecto Labs

Prolecto Labs' mission is to drive continuous innovation to solve NetSuite.

Our mission is to drive continuous innovation to solve NetSuite.

Prolecto Accelerator Templates are pre-built to solve tough NetSuite problems. Our consultants tailor them to fit your business - bridging gaps, streaming workflows, and enhancing system capabilities.

Prolecto Sales Allowance Accruals

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.


 
 

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https://840889.app.netsuite.com/core/media/media.nl?id=7306613&c=840889&h=Eolz6VrlXofr3I1k4lRYlh8QIIf5pavu_X2PV_fLNKwguvIH&_xt=.svg-Prolecto Sales Allowance Accruals


What It Does

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

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.

Implementation Details

Led by practice: Accounting

Other Data

Build ID 17

Accelerator Versions

Version: 20240730.RC

Added handling for Price Level and Transaction Type options in the Allowance Rule configuration.

Version: 20231221.RC

Enhanced bundle with amount validation for non-$0.00 value lines after rounding. Previously only validated on $0.00, without rounding considerations, leading to errors.

Version: 20230522.RC

  1. Added Verify Bundle Installation Routine
  2. Fix looping to avoid exceeding the instruction count limit on save of a transaction 

Version: 20211224.RC

Refinements are as follows:

  • Enhanced script to better support returns allowances on Invoice transactions.
  • Enhance script to support Assembly Items.
  • Minor fixes on handling Custom Segments if the value is empty or "0".

Version: 20210930.RC

Support for custom segments.  Minor updates for returns allowances in 2.0 context.

Version: 20180615.RC

Major revision consolidating allowance rule definitions and supporting more flexible mechanisms to drive global and criteria (customer, dimension, item) driven allowance arrangements.

Version: 20171125.RC

Minor refinement to bundle provisioning.

Version: 20170720.RC

Refinements for voided transaction processing.

Version: 20161117.RC

Refinement for foreign currency transactions.

Version: 20151215.RC

Initial release.

All Accelerator Templates are available exclusively to the Prolecto client community.