Advanced Project Budgets Enhancements
The Advanced Project Budgets feature introduces the following enhancements:
Flexibility for the Project Budget record – With this updated functionality, you can create two types of project budgets – either Baseline or Estimate at Completion (EAC). You can update both types independently because NetSuite stores data for both budget types separately.
Update of the current Budget vs. Actual reports – This enhancement includes adding data from both baseline and EAC budgets. You can compare them with each other and with actuals in the Baseline vs. Actual vs. EAC report.
New subtabs on the Budget tab of the Project form – You can now see the EAC Budget, Baseline Budget, and Budget History subtabs, The EAC Budget and Baseline Budget subtabs let you display both budgets on the Project form. The Budget History subtab includes the version history of project budgets. Previously, the Budget tab on your project showed the information for the latest baseline budget only.
Project Intercompany Cross Charge Request
In 2022.1 release, the Project Intercompany Cross Charge Request feature provides the ability to cross-charge amounts between subsidiaries with the integration of period-end process. It enables you to set amounts in a currency that you can use for intercompany cross-charges reflected in the Intercompany Cross Charges list. The Project Intercompany Cross Charge Request feature now supports SuiteScript and SuiteFlow allowing you to request approvals around the record.
Invoice Presentation Template
This release brings in a new suiteapp – Invoice Presentation Template, which provides the ability to customize and present invoice billing data to the specific needs of each client. Providing clients with a detailed view of charges helps to ensure prompt payment.