If your organization is in the services or construction vertical and you use Items in Netsuite to track business costs and create Job costing reports. In that case, you can import these to Fyle and easily categorize the expenses.
Since Items are tied to Expense and Income accounts, tracking expenses in Fyle by Item helps you generate accurate Job cost reports. Also, expenses exported as Items can be easily tied to an invoice that can be shared with your customers if you wish to re-bill the same.
Follow the steps below to import Items from Netsuite to Fyle via integration.
Importing Items from Netsuite as Categories in Fyle
First, you can log in to your Fyle-Netsuite integration to import Items from Netsuite as a category dimension in Fyle.
Note: In order to import Items from Netsuite, your export selection must be Bills!
Head to Configuration > Import Settings
Turn on the toggle for Import Items from Netsuite
Once saved, all the active Items from Netsuite will be imported to the Category dimension in Fyle. Employees can then tag expenses to Items.
Exporting Expenses from Fyle to Item details in Netsuite
Since both the Chart of Accounts and Items can be imported to the Category dimension in Fyle, the integration is designed to ensure that the expenses are posted to the correct section ( Category details vs. Item details) in Netsuite based on the value selected in Fyle.
For example, in the below screenshot, Installation Service is an Item in Netsuite that is imported as a Category in Fyle :
When the employees categorize the expense as Installation services in Fyle, this expense is automatically exported to the Item details section of the Bills in Netsuite.
Whereas if an employee selects a Food expense account listed in your Netsuite Chart of Accounts, this expense would be posted to the Expense details section in the Bill instead.
Feel free to contact us at [email protected] if you need help setting this up.