Still combing through NetSuite's 2023.1 Release notes? The Vested Group did the hard work for you! Check out our top picks below.

Accounting: Advanced Revenue Management Period Close Checklist

Tasks Enhancements

COMING SOON – Period Close Checklist update! The Period Close Checklist is introducing two new tasks. The Recognize Revenue task allows the creation of revenue recognition and the Reclassify Revenue allows the creation of revenue reclassification journal entries.

If you’re using Advanced Revenue Management, we can help you find the best way to utilize these new tasks!

Account Setup and Maintenance: Scheduled Scripts No Longer Run Automatically in

Sandbox After a Refresh

IMPORTANT SANDBOX NEWS: After a Sandbox refresh, scheduled scripts configured in your Production account with no longer run automatically in your Sandbox account.

The Vested Group can guide you through your next Sandbox refresh including a review of all scheduled scripts.

Authentication: End of Support for HMAC-SHA1 Signature Method for TBA/ End of Support for New SMS/Voice Call Setup for 2FA

COMING SOON - HMAC-SHA1 signature method for the Token-based Authentication will no longer be supported.

Let us help you interpret the message below! We have developers ready to dive into your environment and keep your integrations working flawlessly.

COMING SOON – SMS and Voicemail will no longer be supported for 2FA codes mainly due to security.

If you’re getting the message below, we can help you get ready and setup for 2FA! The Vested Group will help you choose the right authenticator apps and get your team set up for success.

Projects: Percent Complete Override Enhancements

PROJECT ENHANCEMENT – More visibility while entering percent complete overrides! This update will allow PMs see Calculated Percent, Complete Period Status, and Revenue Recognition Plans while entering percent complete overrides.

Fixed Assets Management Enhancements: Quarterly and Semiannually Rental Frequency Options for Lease/ Enhanced Asset Split

FIXED ASSET MANAGEMENT SUITEAPP ENHANCEMENT – More rental frequency options for lease coming soon! This enhancement allows for quarterly and semiannual lease payments. You can now automatically generate lease payments as well!

FIXED ASSET MANAGEMENT SUITEAPP ENHANCEMENT – Using the Asset Split Details subtab, you can now split assets into multiple records in a single transaction.