RSMUS.comAs you may have noticed during your last login, NetSuite has announced their 2019.2 release dates.
You can find the New Release portlet on your Home Dashboard. If you do not see this it’s possible that it may have been closed since NetSuite first added it for you (if you do not see this, please find the instructions in the document “NetSuite New Release Facts 2019.2” below on how to add it back). Also attached is an overview of all resources available to you including how to access 2019.2 New Feature Training Videos.
| Section | Key Changes Summary |
| Accounting | Create Budgets for Adjustment-Only Books > previously available only for full multi-book accounting secondary books, includes support for budget exchange rates and budget reports. |
| Enhancement to Transaction Emails > can select which transaction email template to use for each transaction type when sending transaction emails with PDF attachments. | |
| General Ledger Impact Printing > ability to print statements for transaction that impact the general ledger. | |
| Changes to Multi-Book and Adjustment-Only Book Setup > no longer have to enable the Multi-Book feature to use the Adjustment-Only Book feature, Adjustment-Only Book feature is available for all OneWorld Accounts. | |
| Include or Exclude Transaction Numbers in Global Search > new role and user-level Global Search preference. | |
| CSV Importing Support for Foreign Currency Variance Posting Rules > now available using CSV Import Assistant. | |
| Advanced Revenue Management Enhancement > creation of a prospective change order now has fewer conditions, only condition that blocks prospective change order creating is posting of revenue recognition or reclassification journal entries in future periods. | |
| Transaction Details Workbook in SuiteAnalytics Workbook > provides the same information as the Transaction Details report but with the full capabilities of the SuiteAnalytics Workbook tool. | |
| New Fields Available for Transaction Search > Amount (Credit) (Foreign Currency) and Amount (Debit) (Foreign Currency). | |
| Accounting: New Rule-Based Recognition Treatment Feature | Adds flexibility to Advanced Revenue Management (ARM) – define recognition attributes for revenue elements based on specified criteria. |
| Two new records to the Setup > Accounting menu under Revenue > Recognition Treatment – a collection of values for recognition attributes, Recognition Treatment Rule – the criteria that determine whether NetSuite applies a recognition treatment. | |
| Specify different values for the following recognition attributes when an item is included in a revenue element under different circumstances: Create Revenue Plans On, Revenue Recognition Rule, Rev Rec Forecast Rule, Allocation Type, Revenue Allocation Group. | |
| Accounting: Enhancements to Memorized Transactions | Enhancements that streamline the setup and expand the usability. |
| Renamed fields > Type now Transaction Type, Override Posting Date now Override Transaction Date. | |
| Removed fields > Frequency, Every, Unit. | |
| New Recurring subtab > can set the date of next recurrence, how often the transaction should repeat, the number of remaining transactions, and other options. | |
| New Custom Dates subtab > can set memorized transactions to occur on specific dates. | |
| Remind Me and Automatic radio buttons are now a new Action dropdown list with the following options > Template Only, Automatic, Reminder. | |
| Can now create a memorized transactions from custom transactions. | |
| Administration | OpenID Connect > now available as another inbound single sign-on method. |
| Introducing a Redirection-Based TBA Authorization Flow > authentication mechanism enables client applications to use a token to access NetSuite through APIs, eliminates the need for RESTlets or web services integrations to store user credentials. | |
| New User Access Reset Tool > lets administrators perform routine tasks to assist users with access to NetSuite, no longer need to follow the procedure previously required to reset a user’s password. | |
| Password Changes Are Now Logged in System Notes > logged no matter who or what initiates the request. | |
| New Sent Email Feature Provides Detailed Information > can view all emails that result in errors and successfully sent emails. | |
| Introducing Account-Specific Domains for NetSuite Email Addresses > no longer need to make updates to company’s internal email infrastructure or inform third parties when account is moved to a different hosting location, automatically populates the Reply-To address in the header with the appropriate account-specific email address. | |
| Personal Information Removal for Administrators > feature to remove personal information about an individual from: system notes, workflow history and field values, help to comply with the General Data Protection Regulation. | |
| System Notes Version 2 (Limited Release) for Custom Transaction Type Configuration > pilot record used to demonstrate the new System Notes functionality, tracks changes on custom transaction type configuration, including sublist level changes. | |
| Multi-Subsidiary Entity Support for Intercompany Processes > now support the following intercompany transactions: Purchase order, Sales Order, Item Fulfillment, Item Receipt, Customer Invoice, Customer Payment, Vendor Bill, Vendor Payment, Vendor Return Authorization, Return Authorization. | |
| Change to Subsidiary Record Restriction Logic > if user role has Allow Cross-Subsidiary Record Viewing, can now view all subsidiary records. | |
| Administration: Subsidiary Settings Manager | Enables managing subsidiary-specific features that require additional setup before using, can enable features and define their additional settings for one or more subsidiary. |
| Subsidiary Settings Manager Page > lists the active and inactive subsidiaries with their respective country and currency, can filter the subsidiaries that displays. | |
| Subsidiary Settings page for a Subsidiary > Settings column displays for each subsidiary that opens the page for each subsidiary, subsidiary-specific feature appears on its own subtab where you can enable the feature and define its additional settings. | |
| Subsidiary Settings for Period End Journal Entries Page > can enable feature for one or more subsidiaries and then define unique settings for each selected subsidiary. | |
| Banking | New Import Method > can now configure custom parsers in a Format Profile of a Financial Institution record. |
| Direct Bank Connectivity > use the Bank Connectivity plug-in to forgo manual uploads and automate the bank connectivity process, directly connect to a financial institution and retrieve bank statement files. | |
| New Financial Institution Records > can create financial institution records, create format profile records, associate a Parser plug-in with a Formal Profile, map accounts in the bank statements to corresponding NetSuite Accounts, map custom bank transaction types and codes to corresponding transaction types. | |
| Ability to Exclude Bank Account Transaction Type Codes > check the Exclude box next to a transaction type code and the transactions will not be processed. | |
| Employee Management | Employee Change Requests > feature enables managers to initiate request for changes to their employees. |
| Employee Timeline > enables HR to view key employee milestones and career changes in chronological order. | |
| Employee Change Reasons Enhancements for Effective Dating > change reasons: Base Pay Change, Correction, Employee Status Change, Profile Update, Promotion, Termination, Transfer. | |
| Lock Timesheet Period > can disable employees’ ability to submit, edit or add a time entry with in a specific time period. | |
| SuiteAnalytics Workbooks for SuitePeople Features > Time-Off Analytics workbook, Time-Off Balance, Time-Off Activity Summary, Employee Tax Jurisdiction workbook, Workplace Tax Jurisdictions workbook. | |
| Advanced Employee Permissions Enhancements > Employee Compensation, Employee System Access. | |
| Employee Management: Paycheck Enhancements in Payroll | Descriptions for payroll items > employees can now see descriptions of payroll items on the Summary subtab of their paychecks. |
| Control of paycheck visibility > can now set when employees can view their paychecks in the Employee Center. | |
| Paycheck navigation > when viewing a list of paychecks, can now use arrows at the top right of the page. | |
| Show only vacation and sick payroll items in the PTO Hours subtab > can specify that only vacation and sick payroll items are included on the PTO Hours subtab. | |
| Inventory Management | Supply Allocation > feature to expand inventory commitment to consider future inventory as well as current inventory, quantities on planned inventory supply orders can be allocated to cover demand for inventory. |
| Supply Chain Late Orders Workbook > provides the ability to drill down into alerts. | |
| Master Scheduler SuiteAnalytics Workbook > includes the following analytics: transfer Order Receipt Past Due, Purchase Order Receipt Past Due, Sales Order Shipment Past Due, Transfer Order Shipment Past Due, Work Order Build Past Due. | |
| Inventory SuiteAnalytics Workbook > gives access to key inventory metrics and analytics with the following workbooks: Warehouse Inventory: Inbound Workbook, Warehouse Inventory: Counts & Adjustments Workbook, Warehouse Inventory: Outbound Workbook. | |
| Inventory Management: Supply Chain Control Tower Enhancements | Vendor records > now include a User Entry Predicted Risks section that enables you to avoid inventory shortages, Days Late field can define a number of days past the expected date that an item is likely to be received. |
| Preferences > new preferences to define default values for fields on vendor records: Vendor Predicted Days Late, Vendor Predicted Confidence Level. | |
| Location Records > now displays a checkbox to Include in Control Tower which includes the location in the Supply Chain Control Tower snapshots. | |
| Supply Chain Snapshot Simulations > can create standalone simulations for an item at Control Tower Dashboard. | |
| Manufacturing | Consumption Units of Measure > enables you to consume components on work Orders and Assembly Builds in units of measure other than base units. |
| Extended Item Name Fields > extends the length of item names to 250 characters to better define their Search Engine Optimization details, create more accurate matrix item names, name matrix child items and more. | |
| Manufacturing Production Workbook > enables managers to track production trends in real time without having to export spreadsheets when production is complete, displays production quantity and cost analytics. | |
| Order Management | Installments Reporting > Open Invoices report now includes installments, new columns: Installment Number, Initial amount due for the installment. |
| Proration By Month > enhanced to provide the option of prorating changes by month, option applies to subscriptions with charge frequencies greater than one month. | |
| Receiving Items on an Inbound Shipment > adds Inventory Detail Categories: Lot Numbers, Serial Numbers, Bins, Inventory Status. | |
| Advanced Order Management Features Are Now Free > the Automatic Location Assignment, Fulfillment Request and Store Pickup features are now available in all accounts without any additional charge. | |
| Projects | Advanced Project Budgets > feature increases the capability, configurability and usability of project budgets, enables the customization and configuration of both cost and revenue budgets at the project level, enables enhanced Budget vs. Actual reports at the project level. |
| Activity Codes > can use to automatically classify project time entries and transactions, categorize activities into logical groups, create a global activity code to organize project activities, enable classification of transactions related to projects, enable classification of time entries, enable matching of classified actuals to Work Breakdown Structure/Budget lines. | |
| Project Resource Utilization Target > new Target Utilization field available on Human Resources subtab when employee is marked as project resources, NetSuite multiplies the total hours on the employee’s defined work calendar by 0.75 to determine the available hours. | |
| Rate Card Enhancements > can specify a customer on a Bill Rate Card record when creating a new billing rate card for projects. | |
| Select a Project Manager on Project Records > can now select a project resource as the project manager on project records, available in the Primary Information section. | |
| Vendors, Purchasing, and Receiving | Vendor Prepayments > manage vendor deposits using the Vendor Prepayments feature, records track deposit amounts paid to vendors before the accept a purchase order, amounts can be applied against open bills for the vendor. |
| Purchases Workbooks > Purchases (Ordered) Workbook, Purchases (Billed) Workbook. | |
| Taxation | Enhancements to taxation features: support for Tax Inclusive Pricing, Tax Audit Files Enhancements, International Tax Report Enhancements, Enhancements to US Tax Engine. |
| User Interface | Enhancements to Dashboard Portlets > pivot tables on home dashboard, increased number of analytics portlets to 10, KPIs portlet supports up to 8 KPIs to be displayed as headlines, KPI Meter portlet displays the currency symbol of the data for values represented. |
| Full Screen View > can now expand the portlet to full screen view. | |
| SuiteApp Distribution | Bundle Support During Release Phasing > Bundles developed with 2019.1 can be installed into accounts that are already using 2019.2, Bundles developed with 2019.2 can be installed into accounts that are still using 2019.1. |
| SuiteBuilder: Customization | Personal Information Removal > feature to remove personal information about an individual from: system notes, workflow history, field values. |
| Template Editor Enhancements > Address Subrecords can be included in Advanced Templates. | |
| File Cabinet Enhancements in Advanced Printing Templates > enhancements simplify how files are referenced from templates and improves security, reliability and performance, File Cabinet Item box has been added to resolve the issue of some images not appearing in printouts, Company-Wide Usage box has been added to control the level of permission given to a specific file. | |
| Advanced Printing Support for GL Impact > ability to print statements for transactions that impact the general ledger. | |
| Advanced PDF/HTML Templates New Save & Edit Option > saves edits and remains in edit mode where you can continue customizing the template. | |
| SuiteAnalytics | Enhancements to Dashboards > analytics portlet now supports workbook pivot tables, increased number of analytics portlets. |
| User Interface Enhancements to Dashboards > Entity search now identifies when a vendor and customer share the same subsidiary, Subsidiary search now adheres to user role restrictions. | |
| SuiteAnalytics: Enhancement to SuiteAnalytics Workbook | New DataSet Tab and Enhanced Fields List in SuiteAnalytics Workbook > All related record types are automatically listed in the Records list, Record types that have been joined in a workbook are highlighted in the Records list with a number denoting the number of fields used, Fields that have been added to the Data Grid are highlighted and appear at the top of the Fields list. |
| Additional Filter and Sort Options for SuiteAnalytics Workbook Pivot Tables and Charts > can apply filters to both pivot tables and charts, can apply filters to view the top and bottom results based on a specific measure, sorting options based on dimension and measure-based values are available. | |
| Updated Data Refresh Tool > new caching process enables you to clear the cache and verify that pivot tables and charts show the most current data. | |
| CSV Import | Newly Supported Record Types for CSV Import > Foreign Currency Variance Posting Rules and CMS Page. |
| SuiteFlow (Workflow Manager) | Workflow Actions and Sublists > can set the following actions to execute on supported sublists: Return User error, Set Field Value, Set Field Display Type. |
| Return User Error Action > provide real-time feedback to users when they interact with fields on supported sublists, include values from the current sublist in the error message if the workflow action was triggered by the sublist field. | |
| Set Field Value Action > enhanced to support client triggers on supported sublists, can Set Field Value action on supported sublists to do the following: insert data into a body field, implement form calculations and automatically insert calculated values, insert a value into a sublist field, read the value in the sublist field and insert it into a body field. | |
| Set Field Display Type Action > enhanced to support client triggers on supported sublists, can Set Field Display Type action to do the following on custom fields on supported sublists: show columns, hide columns, disable columns, make columns read-only, make columns editable. | |
| Mode Switching in Workflow Manager > interface was improved to make it more intuitive to switch between view and edit mode. | |
| SuiteApps | SuiteApprovals Enhancements > Extension of SuiteApprovals to Expense Report and Sales Order Record. |
| Fixed Assets Management Enhancements > Japan Depreciation to comply with the depreciation requirements of Japan National Tax Authority, the transaction and asset proposal search have been separated into different pages, new Lease Accounting Reports and Support for Period 0. |
Please contact netsuite@rsmus.com if you have any questions or would like to schedule a call. This above list is a summarized list. I recommend that you go through the full release notes, and allow time to test out the new functionality.
