NetSuite Release 2023.1 Summary

Scenario

The JCurve ERP Edition of NetSuite is an exclusive small business edition available to JCurve Solutions customers. As such, not all NetSuite enhancements and features will be released to the JCurve ERP edition.

We’ve made it easy for our customers to see the applicable features and enhancements in the following 2022.2 release summary.

Should you be using a NetSuite edition, please see the  NetSuite 2023.1 Release Notes

For other release related articles you may refer to these links below:

Pre Release Task

Accessing Release Preview

 

SECTION 1 - ACCOUNTING 

NetSuite 2023.1 includes the following enhancements to accounting features:

Advanced Revenue Management Period Close Checklist Tasks

• If you have Advanced Revenue Management (Essentials) feature enabled on your account, the Period Close Checklist added two new tasks:

1. 1. Recognize Revenue - This task enables you to create revenue recognition journal entries.
   2. Reclassify Revenue - This task enables you to create revenue reclassification journal entries.

Enhancements to Carve In/Carve Out Adjustment Journal Entries

• The carve in/carve out adjustment journals are now easier to read. NetSuite no longer distribute the Revenue Arrangement for Carve in/Carve Out adjustment journals when reclassification process exceeded 1,000 journal entry lines.

Expense Commitments and Budget Validation Enhancements

The Expense Commitments and Budget Validation SuiteApp version 1.1.0 includes the following updates:

• Roll over budget – You can now roll over unused budgets from the previous budget period to the current period.

To roll over unused budget when creating a new expense transaction, check the Roll Over Budget box under the Primary Information section on the record.

• Support for different budget methods – Currently, the only supported budget method in the SuiteApp is Monthly. From this version onward, the SuiteApp supports the following budget methods:
  • Quarterly
  • Yearly
  • Custom (you must enter the start date and end date manually.)

Country-Specific Address Forms Enhancements

• The following countries are now added in the Country-Specific Address forms version 1.05.0:
  • Austria
  • Belgium
  • Germany
  • Japan
  • Luxembourg
  • Netherlands
  • Singapore
  • Switzerland

Country-Specific Reports Hierarchical View of Accounts

• You can now enable a hierarchical view of the accounts in your report in version 1.05.0. The accounts can be based on the Parent-Child Hierarchy in your Chart of Accounts instead of a list. This is required when adding the macro for the hierarchical view to your report’s HTML/XML template.

SECTION 2 - ACCOUNT SETUP AND MAINTENANCE

Personal Information (PI) Removal Enhancements for Addresses

• Users no longer have to select multiple fields to anonymize information about addresses, instead users can now select just the Shipping Address and Billing Address fields.
• It is no longer possible to create PI Removal Requests for address fields that are needed for tax and shipping calculations as the fields do not contain personal information but the company may need them for future financial audits
• PI Removal Requests can now be created for addresses used in transactions from closed periods.

Storage Info Page Removed from NetSuite Account Center

• As Total Storage is no longer used as a metric for Service Tier usage, Storage Info page has been removed. As for the File Cabinet Storage size, this can be accessed by any Administrator when viewing Billing Information page.

Rescheduling Support for Sandbox Upgrades and Development Account Moves to OCI

• Customer-Scheduled Maintenance (CSM) now supports rescheduling for NetSuite version on all Sandbox and Development Account moves to data centers built on OCI.

Subscribe to a Specific Data Center from the NetSuite Status Page

• Subscribing to get specific data center updates from the status page is now possible either via phone or email.

Scheduled Scripts No longer Run Automatically in Sandbox After Refresh

• Scheduled scripts configured in production will no longer run automatically in a sandbox account after refresh, instead users need to set up these scripts separately in a sandbox account.

SECTION 3 - AUTHENTICATION

NetSuite 2023.1 includes the following for authentication:

End of Support for HMAC-SHA1 Signature Method for TBA

As planned in previous releases, support for HMAC-SHA1 Signature Method will end on Release 2023.1. Users are encouraged to update to HMAC-SHA256.

End of Support for New SMS/Voice Call Setup for Two- Factor Authentication (2FA)

In transforming 2FA to a more secure authentication method, on March 1, 2023, 2FA setup using SMS/Voice Call will no longer be available. However, this change will not affect already existing 2FA setups.

Moving Forward, you will only be able to use an authenticator app which is free from potential risks.

Outbound Single Sign-on (SuiteSignOn) End of Support Targeted for NetSuite 2024.2

The plan is to end support the SuiteSignOn feature for non-production account in NetSuite 2024.1, and for production accounts in NetSuite 2024.2.

SECTION 4 - INVENTORY MANAGEMENT

Warehouse Management Enhancements

In 2023.1, the Warehouse Management enhancements provide users with:

• Multilevel Kit Items in a Wave – Waves now support kits with kit components. You can add orders for these items to a wave and release them for picking in your warehouse.
• Bin Handling During Order Picking – The new Enable Bin Reporting and Blocking rule in allows users to block bins that cannot be picked from and report the reason for the block (empty bin or bin used for damaged items). The mobile app will remove blocked bins from the pick list for a specific item. NetSuite UI has also the option to set up email notifications when a bin is blocked, review all blocked bins per item and unblock the desired ones. If using the Smart Count app, users can perform a spot count on the blocked bin before unblocking it.
• Updates to Warehouse Management Records – NetSuite WMS now provides new label templates for printing lot or serial numbers on labels and also an automatic status update for open pick tasks. The new templates are WMS Item Label with Lot or Serial and WMS Pallet Label with Lot or Serial. To use these templates, assign them to a new print report type and associate it with the mobile process for printing item or pallet labels. Additionally, for open pick tasks, the status of associated pick task lines can be automatically set to done after staging a partially picked item on the mobile app. This can be set up by activating the new Automatically mark partial picks as Done rule for order picking.
• HIBC Formats for Item Bar Code Scanning – NetSuite WMS now supports scanning of Code 128 and Data Matrix barcode formats for inbound and outbound mobile processes. When scanning an item barcode in any of these formats, the mobile app will display or store the data

SCM Mobile Enhancements

NetSuite 2023.1 includes several enhancements to its Supply Chain Management (SCM) Mobile features:

• Custom Fields Through Configuration – ability to add custom fields to standard processes through mobile configuration, instead of mobile customization only, for Text Box, Dynamic Text, or Drop Down page element types.
• Custom Columns on Search Grids and Multiselect Tables – ability to add custom columns to search grids and multiselect tables in custom mobile processes, and the ability to hide or show these columns on the mobile app.
• Select Pages to Print – The ability to select specific pages or page ranges to print when printing or reprinting a document, but this feature does not apply to ZPL printers for labels. This feature needs to be enabled through the "Enable selective page printing" option on the print report types for documents

Smart Count Enhancements

Smart Count SuiteApp version 2.0.0 includes the following enhancements:

• The ability to perform real-time inventory count for lot numbered and serialized items.
• The ability to provide comments when approving, rejecting, or recounting lot numbered and serialized items’ count records, and view these comments on the task list of counters.
• The ability to view updates to bin transfer and location transfer records associated with an item on the item’s count record.

Item 360 Dashboard Enhancements

NetSuite 2023.1 includes enhancement to the Item 360 Dashboard SuiteApp. This enhancement provides a real-time and concise overview of an item's current status, including all relevant transactional data and alerts to help users make informed decisions. 

SECTION 5 - MANUFACTURING

Manufacturing Mobile Stand Alone Assembly Build Reporting

The NetSuite Manufacturing Mobile SuiteApp enables you use mobile scanners to report manufacturing shop floor data when an assembly is built without a work order reference. This mobile solution supplements the current reporting work order capabilities which are available to all customers who have purchased the Assembly Items feature in NetSuite.

Note: Available on NetSuite Editions with Manufacturing Mobile and SCM Mobile bundles

SECTION 6 - ORDER MANAGEMENT

Subscription Management: Uplift Percentage at Renewal

SuiteBilling users have a new global Invoicing preference, Define Percentage Uplift for Subscription Lines. When you select this preference, NetSuite automatically applies percentage price increases to a customer's renewal pricing.

On the Renewal tab of the subscription plan, SuiteBilling users can now define the default percentage of renewal uplift. The default value acts as a template for the default renewal settings when a new subscription is created. You can now define the percentage uplift to apply to renewal subscription lines on the original subscription. When the subscription renewal is created, the price plans are automatically updated.

Subscription Setup: Minimum Amount and Maximum Amount Fields Added to the Price Plan Record

SuiteBilling users can use the new Minimum Amount and Maximum Amount fields on the Price Plan record to set an overall minimum and maximum per charge period. If the value computed through the tier setup is below your minimum or above your maximum then these values will be utilized instead. This feature offers flexibility to set an overall minimum and maximum value that will be charged to the customers, but allows the tier structures to be calculated separately.

Only when Advanced Subscription is enabled, the following optional new fields are added to the Price Plan record:

• Minimum Amount
• Maximum Amount

These fields are visible in all channels.
For more information, see Subscription Setup: Minimum Amount and Maximum Amount Fields Added to the Price Plan Record.

 

Invoice Groups Feature Updates

Electronic Bank Payments Enhancements

Process Payments for Customers from Primary or Secondary Banks Processing

You can now process payments for customers from primary or secondary banks using the Entity Bank list. The Entity Bank list is available on the EFT subtab for invoice and credit memo transactions.

Payment Scripts Using SuiteScript 2.0

Starting 2023.1, the following payment scripts are processed using SuiteScript 2.0. Also, old scripts are replaced with new scripts:

Tracking the Log Status of Entity Banks

Starting 2023.1, you can track the status of a deleted, removed or reassigned entity bank. You can track the entity bank status by using the Bank Details Logs column in the Bank Details subtab.

 

Electronic Invoicing Enhancements

Generate PDFs for Invoice and Credit Memo with Advanced PDF/HTML Templates

The Electronic Invoicing SuiteApp version 9.02.0 enables you to select Advanced PDF/HTML Template at the subsidiary level for invoice and credit memo transaction types. This template will be used to generate a PDF version of the invoice or credit memo in the e-document generation process.

This newly added support also helps you add a QR code in the PDF file using the appropriate Custom Data Source plug-in. This plug-in is responsible for QR code generation in the e-document template. For more information, refer to the Creating E-Document Templates help topic link.

PEPPOL Template Support for Australia and New Zealand

As of 9.02.0, Electronic Invoicing SuiteApp supports PEPPOL Generic templates for invoice, credit memo (Outbound), and vendor bill (Inbound), which are prepared for Australia and New Zealand. These templates are supported with Custom Data Source plug-in implementations to populate all the required values. The template contents and the Custom Data Source plug-in implementations together can be used to set up e-document template records. This can then be used for Outbound E-Document generation and Inbound E-Document conversion. For more information, refer to ANZ PEPPOL Template.

SOAP And REST Web services Context

For vendor and customer records, SOAP And REST Web services Context skips the validation of email recipients and email sender. This includes REST Web services context for customer, vendor, and transaction scripts.

NetSuite Ship Central Now Available

Important: Use of this feature requires that you install two SuiteApps in the following order: (1) SCM Mobile (2) NetSuite Ship Central.

NetSuite Ship Central is now available in accounts that use Warehouse Management or Advanced Inventory Management. On your kiosk or tablet device, Ship Central provides packing and shipping capabilities that enable you to do the following:

• Identify picked items across multiple orders for a customer and pack them at the same time. Ship Central supports item packing in cartons and transferring packed cartons onto pallets.
• Gain visibility into which items are packed across multiple cartons or pallets and shipped.
• Ship through carriers that you integrate from ShipEngine.
• Choose from a variety of shipping modes offered by a carrier: single or multi-package and domestic shipping.

International shipping and LTL are currently not supported.

• Access real-time rates and rerate a shipment.
• Print or reprint customizable labels, packing lists, and shipping documents through your device.
  Use printers that you set up in PrintNode, a third-party provider of hosted printing services.
• Void a shipping label.

Philippines Invoicing Printing Preferences and Templates Enhancements

The Southeast Asia Localization SuiteApp version 5.00.0 includes the following enhancements:

Support for Multiple Currencies

Support for multicurrency is now available for Philippines invoicing transactions. This feature lets you create transactions for foreign customers and vendors with whom you do business.

Philippines Printing Preferences Update

The following printing preferences are now supported for Philippines invoicing:

• Print Remittance Form With Invoices & Statements
• Print Transaction Forms Landscape
• Print Discount and Shipping Lines in Columns
• Use Location Address on Forms

To set your printing preferences, go to the Printing & Fax Preferences page (Setup > Company > Preferences > Printing & Fax).

Print Address on Forms Preferences

If you have the Location feature enabled in your NetSuite account, the Print Address on Forms field gets added to your location record. The new field lets you specify which logo and address appear in printed Philippines documents. To specify the address and logo on your printed forms, go to Setup > Company > Classifications > Locations.

Bar Codes and Item Labels Feature

The Bar Coding and Item Labels feature is now available for Philippines invoicing. To enable this feature, go to Setup > Company > Setup Tasks > Enable Features.

Combined PDF and HTML Templates

The latest version of the Southeast Asia Localization SuiteApp merges the Philippines PDF and HTML invoicing templates. You can now use the following combined templates on your transactions:

• Philippines Billing Statement PDF/HTML Template
• Philippines Collection Receipt PDF/HTML Template
• Philippines Credit Memo PDF/HTML Template
• Philippines Official Receipt PDF/HTML Template
• Philippines Sales Invoice PDF/HTML Template

Singapore Localization Now Available in the SuiteApp Marketplace

Singapore Localization version 1.0.0 is now available in the SuiteApp Marketplace. The SuiteApp provides customized transaction fields, records, report templates, and tax codes specific to Singapore.

Singapore Localization includes the following features for accounts with SuiteTax:

IRAS Audit File Generation
The IRAS Audit File (IAF) is a data file containing standardized accounting information required for audit purposes. Singapore Localization enables you to generate the IAF from the Country Tax Reports page in a text file format (.txt) for Singapore companies and subsidiaries. To generate the file, the Singapore Localization SuiteApp adds the following custom fields upon installation:

• UEN
• Import Permit Number
• Document Date

These fields appear on your Singapore company or subsidiary, vendor, customer, sale, and purchase transaction records.

GST F5 Report Generation

The SuiteApp enables you to view, generate, and configure the GST F5 Return for Singapore. The GST F5 form contains boxes for reporting low value goods and imported non-digital services.

For more information, see the help topic GST F5 Return in the Help Center starting January 17, 2023.

Automatic Provisioning of Singapore Tax Codes

Important: The SuiteApp does not overwrite your current tax codes. The system only adds tax codes that do not have the same name in your account.

Upon installation, the Singapore Localization SuiteApp automatically provisions tax codes for Singapore. To see the list of available tax codes, see the help topic Singapore Localization Tax Codes in the Help Center starting January 17, 2023.

More information about Singapore Localization and its features will be available in the Help Center starting January 17, 2023.

SECTION 7 - PROJECTS

Project Status Enhancements

When using Charged-Based Billing and Project Revenue Recognition, you can now customize which actions are triggered by the status of your projects. These triggers are also available for custom statuses.

• Create Actual Charges During Midnight Run – This box is available when using Charge-Based Billing. Check it to indicate that for projects with this status, actual charges should be created during the midnight run. For the In Progress project status, this box is checked by default.
• Create Forecast Charges During Midnight Run – This box is available when using Charge-Based Billing. Check it to indicate that for projects with this status, forecast charges should be created during the midnight run. For the In Progress project status, this box is checked by default.
• Completely Billed – This box is available when using Project Revenue Recognition. Check the box to show the Completely Billed button at the top of a project record set to this status. Click this button to begin the project revenue reconciliation process. For the Closed project status, this box is checked by default.

Percent Complete Override Subtab Enhancements

On Project records > Percent Complete Override subtab now shows the following additional information:

• Calculated Percent Complete – This is the system calculated percent complete of the project for the accounting period in row.
• Period Status – This shows the status of the accounting period for each row. The status can be either Open, Locked, or Closed.
• Revenue Recognition Plans – This shows the total amount from actual revenue plans for the project.

This information enables project managers to see the system calculations when entering percent complete overrides for ongoing projects. Previously, the Percent Complete Override subtab only listed the override values.

Checkbox for Percent Complete Automatic Recalculation is now available on Project Status records. When it is checked, it prompt NetSuite to recalculate the percent complete every eight hours for projects with this status. For the In Progress project status, this box is checked by default.

You can also manually trigger a percent complete override recalculation from the Actions menu at the top of project records.

SECTION 8 - SUITEANALYTICS

SECTION 10 - SUITEBUILDER - CUSTOMIZATION

Advanced PDF/HTML Templates

Advanced PDF/HTML templates now use an updated CKEditor. This is used for advanced printing.

SECTION 11 - SUITETALK WEBSERVICES INTEGRATION

Fully Supported Record Types for REST Web Services in 2023.1 

Some record types will be fully supported as of 2023.1 for REST Web Service like Customer Payment, Deposit, Description Item etc. Except for fully supported records, all records listed in the REST API Browser are available as beta records in REST web services if the REST Record Service (Beta) feature is enabled. For more information about working with the browser, see the help topic The REST API Browser. 

SOAP Web Services version 2023.1 and 2023.1 SOAP Schema Browser is not yet available.

Although not available yet, the Araxis Merge Diff File will highlight the schema changes between the 2022.2 and 2023.1 endpoints. The Araxis Merge diff file also shows changes to data types.

1. 1. • NetSuite publishes an Araxis Merge diff file for every new endpoint. Depending on the scope of the release, changes described in the Araxis Merge diff file may include:        
        1. New Record Types
        2. Elements (fields) that have been added, removed, or changed
        3. New sublists (lists)
        4. New joins
        5. New search filters and search return columns
        6. New platform operations

SECTION 12 - TAXATION

Netsuite 2023.1 includes the following enhancement to Taxation features:

Legacy Tax

Singapore 2023 and 2024 Tax Code Provisioning

Since there is a phased increase in Singaporean tax rates from current 7% to 8% for 2023 and to 9% the following year, the International Tax Reports version 3.124.0 automatically provisions 8% and 9% rate tax codes to newly created subsidiaries and nexuses.

Existing Singapore subsidiaries or nexus can run the Tax Code Provisioning script to get the new tax codes.

Note: See Singapore GST Phased Rate Increase to Start on January 2023, SuiteAnswers ID: 1012062.

Indonesia Tax Code Provisioning Update for 2022

In Indonesia, there was also an increase in VAT rate from 10% to 11%. The International Tax Reports version 3.214.0 will automatically provision 11% tax rates to newly create Indonesia subsidiaries and nexuses.

SECTION 13 - USER INTERFACE

Global Search Enhancements

• Menu Search
  • Results appear in a Current Page Results section where in searches using the Menu Search displays all fields, tabs, and subtabs on the current NetSuite form
• To view Current Page Results without using the global search, Press Alt + Shift + G and to view complete list of the results, click Show [N] more results.

CKEditor Library Update

• CKEditor used for rick text editing in NetSuite has been updated to version 5.

New Preference to Display Inline Editor Sublist Tooltip

• Users can now enable or disable tooltips when editing an inline sublist by checking or clearing a User Preference called Sublist Column Name Tooltip found Appearance subtab at Home > Set Preferences.

SECTION 14 - VENDORS, PURCHASING, AND RECEIVING

SECTION 15 - COMMERCE SALES AND MARKETING

Intelligent Recommendations Available to Enable in all Accounts

This feature uses artificial intelligence algorithms to calculate and display product recommendations to sales representatives and web store shoppers.

Ensure that the following features are enabled via Setup > Company > Enable Features.

1. CRM tab > CUSTOMER RELATIONSHIP MANAGEMENT & INTELLIGENT RECOMMENDATIONS
2. Web Presence tab > WEBSITE

Navigate via Commerce tab > Marketing to see the list. See screenshot:

 

New Intelligent Recommendation Types:  Buy Again and Alternative Items

Buy Again type is specific to each customer and are based on whether items are bought regularly by the customer. ­If a customer bought an item only one time, recommendations are based on whether the item is bought regularly by other customers.

Alternative Items type is specific to an item already selected and show intelligent recommendations of alternatives to the item based on similarity of item name, description, and category.

 

Intelligent Recommendations Available on Opportunity Records

Sales representatives can view and choose from intelligent item recommendations as they create opportunity records for prospects or customers aside from sales order and estimate records.

This feature gathers its data based on what the customer bought in the past, other customers with similar transaction history, what other items were bought by customers who bought a specific item and items in the same account that have similar names, descriptions, and categories.

After sales representatives have selected the customer or prospect, they can click Intelligent Recommendations to view intelligent recommendations. They can also add one or more items to the opportunity before they click the button. See screenshot:

SECTION 16 - SC/SCMA/SCA - SUITECOMMERCE SOLUTIONS

The 2023.1 release notes for this will be available in a future release.

Commerce Themes – the latest themes added are SC Manor Theme, SC Posh Theme and SC Summit Theme.

Commerce Extensions – the latest extension added is The Google Tag Manager Editor extension to add support for the Google Analytics 4 service.

SECTION 17 - SUITECOMMERCE INSTORE

SuiteCommerce InStore (SCIS) uses a phased release process to distribute managed-bundle upgrades. Each phase consists of a different group of customers who receives the latest SCIS release. Administrators set up for customers within a phased group receive an email notification listing when their upgrade will occur. Contact your Account Manager if you have questions about the availability of SCIS 2023.1

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