Feature Compatibility Check List

Multiple Currencies

If you use more than one currency for business transactions, you may already have your SuiteProjects Pro account, NetSuite account or both accounts configured to support multiple currencies. If you use multiple currencies in either SuiteProjects Pro or NetSuite, enable and configure multiple currencies in both applications. See Enabling the Multiple Currencies Feature (external link to NetSuite SuiteAnswers — Answer ID: 7714) for more information about the Multiple Currencies feature in NetSuite, and Multicurrency for more information about the Multicurrency feature in SuiteProjects Pro.

After you have enabled and configured multiple currencies in both NetSuite and SuiteProjects Pro, you can use the exchange rate integration to:

• Import exchange rates from NetSuite in to SuiteProjects Pro daily so today’s exchange rates in SuiteProjects Pro are the same as in NetSuite.

• Support multiple base currencies for cross rates, if you have a NetSuite OneWorld account.

For more information, see Exchange rate integration.

Classic Revenue Recognition or Advanced Revenue Management

When you amortize revenue and set up rules for recognizing revenue on a project-by-project basis, you can exchange this information between SuiteProjects Pro and NetSuite. SuiteProjects Pro can export your SuiteProjects Pro revenue recognition rules and revenue recognition transactions to NetSuite for use either with the classic revenue recognition features, available in older NetSuite implementations, or with the Advanced Revenue Management feature available in new NetSuite implementations.

The NetSuite integration supports both classic revenue recognition and the Advance Revenue Management feature using the following workflows:

• Workflows used with NetSuite classic revenue recognition features:

  Recognition Transactions (Revenue Recognition Transactions) Export Workflow

• Workflows used with the NetSuite Advance Revenue Management feature:

  • Recognition Rules (Custom Record: SuiteProjects Pro: Revenue Rules for ARM) Export Workflow

  • Recognition Transactions (Custom Record: SPP: Revenue Transactions for ARM) Export Workflow

  Advanced Revenue Management currently supports the following SuiteProjects Pro revenue recognition rules: As Billed, Fixed Amount on Date or Milestone, Fixed Amount % Complete, % Complete, Incurred vs. Forecast, and Time Project.

Legacy Tax or SuiteTax

The NetSuite integration is compatible with the legacy Tax features.

The following NetSuite <> SuiteProjects Pro integration workflows are compatible with the NetSuite SuiteTax feature:

• Expense Reports (Expense Reports) Export Workflow, when expense reports are exported from SuiteProjects Pro to NetSuite vendor bills.

• Invoices (Invoices) Export Workflow

• Send SuiteProjects Pro Credits (Negative Invoices) as NetSuite Credit Memos Export Workflow