Sales Cost - Quick Start

This page provides a simple example to help you get started with Sales Cost. For more detailed instructions, refer to other sections throughout this documentation.

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Step-By-Step walkthrough

• Ensure all Prequisites are met

• Ensure Application is installed and Custom GL Plug-In is configured

• Ensure the Setup is completed before proceeding

1

Login to NetSuite

Important: Use administrator credentials to ensure having the necessary permissions.

2

Configure TradeQloud Setup

• Navigate to TradeQloud -> Setup -> Setup

• Enable Demand Order Creation

• Select Bill Credit, Estimate, Invoice, Sales Order, Vendor Return Authorizations in the Demand Order Transactions field

• Enable Sales Costs

• Select Credit Memo, Estimate, Invoice, Sales Order in the Sales Cost Transactions field

• Select applicable Subsidiaries / Locations in the relevant fields

• Set Sales Cost Rounding = 3

• Set Default Sales Cost PO Creation Method = No PO

• Select Default Sales Cost Processing Method = Change Rate and Custom GL Posting

• Select Default Sales Cost Custom Price Handling Method = Always Change Custom Rate

• Select Default Percentage Rate Calculation Method = Starting Rate

• Set Automatically Process Sales Cost Variance = T

For detailed information about these settings, refer to the TQ Setup page

3

Item Setup

Create a Service for Resale Item

Create a new item to use for Sales Cost Processing where desired to track Sales Costs. On the item select an income account and expense account. New GL accounts may be required.

Update Items

Update existing Items and ensure 'Track Sales Cost = T'

4

Creating a Customer Specific Sales Cost Budget

The following is an example of applying a 10% discount per transaction line to a customer

• Open a Customer record

• Navigate to TradeQloud -> TQ Sales Cost Budget -> New TQ Sales Cost Budget

• Fill in the following fields

  • Sales Cost Item Specify the Sales Cost Item to be used for costing (from previous step)

  • Calculation Method = Amount Line %

  • Allocation Method = Amount

  • Percent = -10% Depending on which Calculation Method you select, either the Rate or the Percent field will become active & required

  • Currency = The default currency used in transactions

More information about Sales Costs Budgets

5

Create First Transaction

• Create a Sales Order

• Select the above used Customer

• Select an item (where Track Sales Cost = T).

• Click Add on the transaction line

On the TradeQloud tab you will see the available Sales Cost.

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Need Assistance?

If you continue to experience issues after following these installation steps, we recommend reaching out for further assistance.

Please contact us at [email protected] with a detailed description of the problem. Our dedicated support team is committed to helping you resolve any challenges you may encounter.