Netsuite Procure-To-Pay / Purchase Process [ Simplified ]

NetSuite Purchase Process – Step by Step Simplified, NetSuite Procurement Made Easy, Procure to Pay - Purchasing

What you'll learn

Understand the end-to-end Procure-to-Pay (P2P) process in NetSuite, including requisitions, purchase orders, vendor bills, and payments.

Learn how to create and manage vendor records, purchase orders, and supplier invoices within NetSuite.

Gain practical skills to process supplier payments and analyze their accounting impacts.

Master the ability to configure and customize P2P workflows for approvals, reporting, and process automation in NetSuite.

Develop the knowledge to troubleshoot common P2P issues and generate reports for better purchasing and financial decisions.

Requirements

No prior NetSuite experience required – this course is suitable for beginners.

Description

Master the complete Procure-to-Pay (P2P) process in NetSuite with this comprehensive, beginner-friendly course. Procure-to-Pay is a critical business process that covers everything from raising purchase requests to paying suppliers. Whether you are an accounting professional, procurement specialist, small business owner, or aspiring NetSuite user, this course will give you practical, hands-on knowledge to efficiently manage purchasing operations within NetSuite.In this course, you will start by understanding the core concepts of Procure-to-Pay, including the flow of purchase orders, vendor bills, and supplier payments. You will learn how to create and manage vendor records, generate purchase orders, and record supplier invoices accurately. The course also covers processing supplier payments and understanding the accounting impact of each transaction, enabling you to maintain accurate financial records.We will guide you through configuring and optimizing P2P workflows, including approvals, reporting, and automation, so you can streamline your organization’s purchasing operations. By the end of the course, you will be able to troubleshoot common P2P issues, generate insightful reports, and make informed financial and operational decisions.This course is designed for absolute beginners as well as professionals looking to strengthen their NetSuite skills. No prior NetSuite experience is required. All you need is basic computer knowledge and access to a NetSuite account to practice the concepts. Gain the confidence to handle procure-to-pay operations effectively and become a valuable asset to any organization using NetSuite.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: NetSuite Configuration

Lecture 2 NetSuite Configuration

Section 3: Creating Vendor Records

Lecture 3 Main Information

Lecture 4 CRM [ Customer Relationships Management ]

Lecture 5 Address [ Billing Address & Shipping Address ]

Lecture 6 Marketing Tools

Lecture 7 Financials - Payment Terms

Lecture 8 Financials - Credit Limit

Lecture 9 Financials - International Trade Terms [ Inco Terms ]

Lecture 10 Financials - Tax Information

Lecture 11 Financials - Opening Balance

Lecture 12 Financials - Project Information

Lecture 13 Financials - Vendor Bill Matching

Lecture 14 Financials - Multi-Currency Item Rates

Lecture 15 Preferences

Lecture 16 System Information

Lecture 17 Vendor Access

Lecture 18 Time Tracking & Bill Payment Details

Lecture 19 Saving the Vendor Records

Section 4: Multiple Units of Measure

Lecture 20 Multiple Units of Measure

Section 5: Introduction to Item Types in NetSuite

Lecture 21 Introduction to Item Types in NetSuite

Lecture 22 Creating Inventory Items in NetSuite

Section 6: Purchase Process Simplified [P2P]

Lecture 23 Creating Supplier Invoices in NetSuite

Lecture 24 Supplier Invoices: Accounting Entries and Impact in NetSuite

Lecture 25 Creating Supplier Payments in NetSuite

Lecture 26 Understanding the Accounting Impact of Supplier Payments

Beginners in NetSuite who want to learn how to manage the Procure-to-Pay process from scratch.,Accounting, finance, or procurement professionals looking to streamline purchase orders, vendor invoices, and supplier payments in NetSuite.,Small business owners or operations managers who handle purchasing and want to automate and track the entire P2P workflow.,Students and professionals preparing for NetSuite roles such as ERP administrator, finance executive, or procurement specialist.,Anyone interested in improving efficiency and accuracy in purchase-to-pay operations using NetSuite.