NetSuite PSA (SuiteProjects) Software Solution
NetSuite PSA, also known as SuiteProjects, is a software solution for Professional Services Automation (PSA) and Services Resource Planning (SRP). Elevate, optimize, and automate Professional Services Automation (PSA) and Services Resource Planning (SRP) business areas in a single, integrated, secure, flexible, and powerful cloud business software solution with NetSuite PSA. NetSuite PSA provides the essential platform and comprehensive tools to achieve high quality, united, productive, profitable, and scalable Professional Services Automation (PSA) and Services Resource Planning (SRP) business areas with reduced operational expenses. NetSuite PSA enables real-time accurate visibility, insightful analytics, and actionable forecasts to measure Professional Services Automation (PSA) and Services Resource Planning (SRP) business areas success. NetSuite PSA supports most countries, currencies, languages, industries, models, areas, processes, and departments.
To help you better understand NetSuite PSA description, features, and functionality, our NetSuite PSA certified & authorized consultants will discuss:
NetSuite PSA SuiteProjects NetSuite PSA SuiteProjects Project Activity Codes NetSuite PSA SuiteProjects Project Time Types NetSuite PSA SuiteProjects Project Time Calculations NetSuite PSA SuiteProjects Project Billing Types NetSuite PSA SuiteProjects Project Charge Rule Types NetSuite PSA SuiteProjects Project Resource Billing Rate NetSuite PSA SuiteProjects Project Planned Work NetSuite PSA SuiteProjects Project Expense Types NetSuite PSA SuiteProjects Project Templates NetSuite PSA SuiteProjects Project Tasks NetSuite PSA SuiteProjects Project Milestone Tasks NetSuite PSA SuiteProjects Project Task Manager NetSuite PSA SuiteProjects Project Baseline NetSuite PSA SuiteProjects Project Budget Baseline NetSuite PSA SuiteProjects Project Schedule NetSuite PSA SuiteProjects Project Resources NetSuite PSA SuiteProjects Project Resource Utilization NetSuite PSA SuiteProjects Project Resource Assignment NetSuite PSA SuiteProjects Project Resource Allocation NetSuite PSA SuiteProjects Project Resource Allocation Chart/Grid NetSuite PSA SuiteProjects Project Task Assignees Units NetSuite PSA SuiteProjects Project Resource Groups NetSuite PSA SuiteProjects Project Generic Resources NetSuite PSA SuiteProjects Project Budget Types NetSuite PSA SuiteProjects Project Work Breakdown Structure (WBS) NetSuite PSA SuiteProjects Project Sales Orders NetSuite PSA SuiteProjects Project Change Orders NetSuite PSA SuiteProjects Project Related Transactions NetSuite PSA SuiteProjects Project Profitability NetSuite PSA SuiteProjects Project Profit and Loss (P&L) Tab NetSuite PSA SuiteProjects Project 360 Dashboard NetSuite PSA SuiteProjects Project Related Saved Search Types NetSuite PSA SuiteProjects Project Related Report Types Contact Suite Certified to request NetSuite PSA software solution. Contact Suite Certified to request NetSuite certified & authorized solutions.
NetSuite PSA SuiteProjects
NetSuite PSA SuiteProjects is a software solution for Professional Services Automation (PSA) and Services Resource Planning (SRP) including project activity codes, time types, time calculations, billing types, charge rule types, resource billing rates, planned work, expense types, templates, tasks, milestone tasks, task manager, baseline, budget baseline, schedule, resources, resource utilization, resource assignment, resource allocation, resource allocation chart/grid, task assignees units, resource groups, generic resources, budget types, work breakdown structure, sales orders, change orders, related transactions, profitability, profit and loss tab, project 360 dashboard, related saved search types, and related report types.
NetSuite PSA SuiteProjects is a group of project related modules including Project Accounting and Management, Resource Allocations, Resource Allocation Chart/Grid 2.0, Resource Skill Sets, Resource Allocation Approval, Project Task Manager, Charge Based Billing, Job Costing, Project Classification, Purchase To Project, Project Cost-to-Cost Percent Complete, Sequential Liability, and Project Risk Forecast.
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NetSuite PSA SuiteProjects Project Activity Codes
NetSuite PSA SuiteProjects Project Activity Codes is a custom segment that can be used to classify project tasks, budgets, and actuals.
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NetSuite PSA SuiteProjects Project Time Types
NetSuite PSA SuiteProjects Project Time Types include Utilized Time, Productive Time, and Exempt Time. Time that resources enter against a project can be classified as utilized, productive, and/or exempt. Utilized time directly contributes to the revenue for a project. Productive time, such as training and pre-sales support, is time worked on a project but not included when calculating revenue for a project. Exempt time, such as vacations and holidays, is excluded when calculating utilization.
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NetSuite PSA SuiteProjects Project Time Calculations
NetSuite PSA SuiteProjects Project Time Calculations include Available Time, Net Time, Utilization, and Productivity. Available Time = Utilized Time + Productive Time. Net Time = Available Time – Exempt Time. Utilization = Utilized Time / Net Time. Productivity = Productive Time / Net Time.
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NetSuite PSA SuiteProjects Project Billing Types
NetSuite PSA SuiteProjects Project Billing Types include Fixed Bid, Interval; Fixed Bid, Milestone; Time and Materials; and Charge-Based.
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NetSuite PSA SuiteProjects Project Charge Rule Types
NetSuite PSA SuiteProjects Project Charge Rule Types include Purchase, Expense-Based, Time-Based, and Fixed Fee. Purchase charge rules generate charges for vendor bill line items with a non-inventory or service item, with a reference to project, and not marked as billable. Expense-Based charge rules generate charges for expense report lines, vendor bill expense lines, or check expense lines with an expense category configured with an expense item, with a reference to project, and marked as billable. Time-Based charge rules are configured with a rate based on billing class rate, billing rate card rate, resource rate, or service item rate, and generate charges for time tracking with a reference to project and marked as billable. Fixed Fee charge rules are configured with a fixed amount and date (recurrence schedule), or milestone task, or project progress (recurrence schedule), and generate charges based on date, or milestone task completion, or project progress.
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NetSuite PSA SuiteProjects Project Resource Billing Rate
NetSuite PSA SuiteProjects Project Resource Billing Rate can be configured on billing class, employee/vendor (rate), employee/vendor (billing class rate), billing rate card, service item (price levels, billing rates), project task, time entry, and/or charge rule records.
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NetSuite PSA SuiteProjects Project Planned Work
NetSuite PSA SuiteProjects Project Planned Work feature enables project plans to be fixed regardless of actual time tracked against a project. Planned time records are automatically created for project tasks. Planned time records are not converted to actual time records. By keeping a project plan fixed, planned time can be compared to actual time.
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NetSuite PSA SuiteProjects Project Expense Types
NetSuite PSA SuiteProjects Project Expense Types include Labor, Expenses, Supplier, and Other. Labor are time tracking records, which reference a project. Expenses are expense report records, which reference a project on expense lines. Supplier are vendor bill records, which reference a project on item and/or expense lines. Other are journal entry records, which reference a project on lines.
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NetSuite PSA SuiteProjects Project Templates
NetSuite PSA SuiteProjects Project Templates can be created from a project record, a service item record, or standalone. Specific project resources cannot be assigned to project tasks, however generic resources can be assigned to project tasks as placeholders. Budget information can be included in project templates. A project template can be applied to a new project record or a new project record can be created from a project template record.
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NetSuite PSA SuiteProjects Project Tasks
NetSuite PSA SuiteProjects Project Tasks are used to identify a task for each step required to complete a project. Project tasks can be organized using a parent-child hierarchy. Employee, vendor, group, and generic project resources can be assigned to project tasks.
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NetSuite PSA SuiteProjects Project Milestone Tasks
NetSuite PSA SuiteProjects Project Milestone Tasks are milestone project task records with no value entered in Estimated Work field and Predecessors tab used to specify predecessor tasks, such as project tasks which must be completed in order to reach the applicable milestone. Billing schedule must be created from project record after milestone project task records are created. A milestone project task record must be updated with Completed status to generate invoice billings or charges.
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NetSuite PSA SuiteProjects Project Task Manager
NetSuite PSA SuiteProjects Project Task Manager is a graphical user interface which can be used to manage project tasks.
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NetSuite PSA SuiteProjects Project Baseline
NetSuite PSA SuiteProjects Project Baseline captures a snapshot of the original estimates for the project plan before any work begins. After the details of a project have been finalized, a project baseline can be set. Project baseline data can be used for comparison to actual work and revised schedules later in the execution phase of the project.
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NetSuite PSA SuiteProjects Project Budget Baseline
NetSuite PSA SuiteProjects Project Budget Baseline captures a snapshot of the baseline budget for a project. Project budget baseline can be set from a work breakdown structure record.
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NetSuite PSA SuiteProjects Project Schedule
NetSuite PSA SuiteProjects Project Schedule can be viewed on project record Schedule tab or Gantt chart. Gantt chart is a bar chart that represents the project schedule and illustrates the start, end, milestones, and progress of individual project tasks.
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NetSuite PSA SuiteProjects Project Resources
NetSuite PSA SuiteProjects Project Resources can be employees and vendors designated as project resources or previously assigned to any project.
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NetSuite PSA SuiteProjects Project Resource Utilization
NetSuite PSA SuiteProjects Project Resource Utilization can be configured for each employee project resource as Target Utilization percent of project resource total hours which should be devoted to project tasks as utilized time. Higher skilled (higher labor cost) project resources should have higher target utilization. Lower skilled (lower labor cost) project resources should have lower target utilization due to more productive time spent on learning.
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NetSuite PSA SuiteProjects Project Resource Assignment
NetSuite PSA SuiteProjects Project Resource Assignment occurs on project records and/or project task records. Project resource assignment must be done for the project first, then for project tasks if project Display All Resources For Project Task Assignment preference is disabled. Project resources can be assigned to project tasks without first being assigned to the project if project Display All Resources For Project Task Assignment preference is enabled.
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NetSuite PSA SuiteProjects Project Resource Allocation
NetSuite PSA SuiteProjects Project Resource Allocation occurs through the creation of resource allocation records to allocate project resources to projects for a specific number of hours over a defined period of time. Project resource allocation must be done for the project first, then for project tasks if project Display All Resources For Project Task Assignment preference is disabled. Project resources can be allocated to project tasks without first being allocated to the project if project Display All Resources For Project Task Assignment preference is enabled.
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NetSuite PSA SuiteProjects Project Resource Allocation Chart/Grid
NetSuite PSA SuiteProjects Project Resource Allocation Chart/Grid is a graphical user interface which can be used to manage project resource allocations.
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NetSuite PSA SuiteProjects Project Task Assignees Units
NetSuite PSA SuiteProjects Project Task Assignees Units represent capacity for a project task, with minimum units of 5%. For a project task assignee, setting units to 50% would result in 4 hours planned time on day 1 and 4 hours planned time on day 2 for an 8 hour project task using an 8 hour work calendar.
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NetSuite PSA SuiteProjects Project Resource Groups
NetSuite PSA SuiteProjects Project Resource Groups can include employee project resources and can be assigned to project tasks. Project task estimated hours (planned work) can be assigned to each resource in a project resource group or divided among all resources in a project resource group. Billing class can be selected for all project resource group members, which can be a different billing class than assigned to the project resources.
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NetSuite PSA SuiteProjects Project Generic Resources
NetSuite PSA SuiteProjects Project Generic Resources can be assigned to project tasks as placeholders in project templates. Project generic resources are available to be assigned to project tasks if resource allocations are used and project Display All Resources For Project Task Assignment preference is disabled.
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NetSuite PSA SuiteProjects Project Budget Types
NetSuite PSA SuiteProjects Project Budget Types include Basic, Standard, and Advanced. Project basic budget is entered in project Estimated Cost field and Estimated Revenue field. Project standard budget is manually entered, manually set to a calculated value, or automatically calculated for cost budget and billing budget on project record. Project advanced budget uses Work Breakdown Structure (WBS) record to configure the budget, then budget versions can be viewed, copied, and edited.
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NetSuite PSA SuiteProjects Project Work Breakdown Structure (WBS)
NetSuite PSA SuiteProjects Project Work Breakdown Structure (WBS) record can be saved as WBS template, then applied to other project records. Project work breakdown structure lines are called work items. Work items reference a project task and can reference an activity code. Work items Estimate To Complete (ETC) Cost field is manually entered, or calculated based on manual, item, or project resource method. Work items Estimate to Complete (ETC) Revenue field is manually entered, or calculated based on manual, markup on cost, item, or billing classes method. Estimate At Completion (EAC) Cost, Estimate At Completion (EAC) Revenue, Estimate At Completion (EAC) Profit, and Estimate At Completion (EAC) Margin fields are then automatically calculated.
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NetSuite PSA SuiteProjects Project Sales Orders
NetSuite PSA SuiteProjects Project Sales Orders are sales orders with a single project referenced in the header of the sales order record, and the project record references a billing schedule. Line items on the project sales order are created for the service items associated with the project tasks for the project. Project sales order can be created from the project record. Create Projects From Sales Transactions page enables a project record to be created for each opportunity, estimate, and sales order record with a line item tagged to create projects.
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NetSuite PSA SuiteProjects Project Change Orders
NetSuite PSA SuiteProjects Project Change Orders are applicable if the project schedule changes before invoicing the customer. Refresh Items from Project button can be clicked on the project sales order record to update the sales order line items to match the project information. If the project schedule requires a change after invoicing the customer, then a subproject record can be created for the project change order.
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NetSuite PSA SuiteProjects Project Related Transactions
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NetSuite PSA SuiteProjects Project Profitability
NetSuite PSA SuiteProjects Project Profitability can be viewed in standard project profitability, standard estimated project profitability, and advanced project profitability reports. Advanced project profitability reports allow for a greater degree of configuration. An advanced project profitability report configuration can be selected to populate the P&L tab on project records.
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NetSuite PSA SuiteProjects Project Profit and Loss (P&L) Tab
NetSuite PSA SuiteProjects Project Profit and Loss (P&L) Tab on project records displays service, expense, supplier, and other lines. Service lines revenue is based on customer invoice records created from time-based charges, fixed fee charges, billable time, interval billing, and milestone billing, and cost is based on posted time journal entry records. Expense lines revenue is based on customer invoice records created from expense-based charges and billable expenses, and cost is based on employee expense report records. Supplier lines revenue is based on customer invoice records created from time-based charges, purchase charges, billable items, and items, and cost is based on vendor bill records. Other lines revenue is based on all revenue not included in service, expense, and supplier lines, and cost is based on all costs not included in service, expense, and supplier lines.
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NetSuite PSA SuiteProjects Project 360 Dashboard
NetSuite PSA SuiteProjects Project 360 Dashboard enables project managers to access, filter, review, monitor, and analyze projects including project primary details, resources, tasks, budget, expenses, revenue, and profitability.
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NetSuite PSA SuiteProjects Project Related Saved Search Types
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NetSuite PSA SuiteProjects Project Related Report Types
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