NetSuite 2024.1 New Release Highlights

New year, new features! NetSuite has come up with new exciting features for 2024.1, and the team at 79Consulting has listed their top picks from all divisions.

Read on for the noteworthy features from NetSuite’s latest 2024.1 Release.

Accounting

NetSuite 2024.1 includes the following enhancements to accounting features:

• Revenue Recognition Field Mapping Enhancements
• Searching for Deleted Budgets
• Fixed Assets Management Enhancements

Revenue Recognition Field Mapping Enhancements

This release includes the following enhancements to the revenue recognition field mapping functionality:

You can view each revenue recognition field map record directly from the Revenue Recognition Field Mapping page

To Access Revenue Recognition Field Map page,  go to Setup >Accounting >Revenue Recognition Mapping 

Click On NEW

You will be redirected to a new page called Revenue Recognition Filed Map .

You can now create map records that are tracked with system notes on the Revenue Recognition Field Map record page. 

Previously, all field maps were created via the Revenue Recognition Field Mapping page.

Searching for Deleted Budgets

In SuiteAnalytics, you can now see deleted budgets using the Deleted Record root type. Previously, deleted budgets were not displayed when searching for deleted records in SuiteAnalytics Workbook.

Fixed Assets Management Enhancements

The following enhancements are available in Fixed Assets Management (FAM) version 2024.1:

• 4-4-5 Week Period Format in Depreciation Schedule Reports
• Display Custom Columns in CSV Reports
• Bulk Asset Revaluation

4-4-5 Week Period Format in Depreciation Schedule Reports

The depreciation schedule report can now group and display the depreciation and net-book values in 4-4-5 Weeks period. Instead of calendar months, the accounting period is used as the column headers in the report. This change is visible in the report if the following conditions are met:

• The account uses the 4-4-5 Weeks accounting period.
• The Use Accounting Period Dates For Depreciation preference is enabled to properly record the depreciation histories.

Display Custom Columns in CSV Reports

Custom columns added to report templates using the Customize Report Template page are now reflected in the CSV reports. Currently, the following reports are supported:

• Depreciation Monthly Report
• Depreciation Schedule NBV Report
• Depreciation Schedule PD Report

This update does not apply to reports generated in previous versions of the SuiteApp. The changes will take effect on the report templates when you resave them after upgrading to FAM 2024.1

Bulk Asset Revaluation

You can now use CSV import to revalue multiple assets in one transaction. The Import CSV button on the Asset Revaluation page opens the Bulk Asset Revaluation page. A link to a sample CSV file is available for download on the page. You can edit the sample file to add details of the assets that you want to revalue and upload the file in the same page.

Account Setup and Maintenance

NetSuite 2024.1 includes the following enhancements to account setup and maintenance features:

• New Text Enhance Preferences Page
• Changes to Domain Keys Subtab in Email Preferences

New Text Enhance Preferences Page

NetSuite’s Text Enhance feature uses generative AI to help you write business content. By using it, you can refine and create content, as well as make it the right length for your audience.

To access the Text Enhance Preferences page, go to Setup > Company > AI > Text Enhance. 

Note : It is enabled by default Only available for English language content assistance. Any user with access to a page containing Text Enhance can use it (permission is not required).

Changes to Domain Keys Subtab in Email Preferences

The Domain Keys subtab of the Email Preference page has been renamed to Email Domains (DKIM). Many of the previously required setup steps are no longer necessary. Obsolete buttons have been removed from the subtab.

To set up the NetSuite application, you need to create two CNAME records based on the information it provides. You can do this by accessing DNS on your domain provider’s website. Oracle NetSuite will use these two CNAME records to control the activation and rotation of your domain keys. This improves the security of your email domains by changing the domain keys periodically..

Note : When adding the new CNAME records to DNS at your domain provider’s website, do not delete the existing TXT record for your email domain.

Authentication

NetSuite 2024.1 includes the following enhancements to authentication features:

• End of Support for SMS/Voice Call for 2FA
• Outbound Single Sign-on (SuiteSignOn) End of Support Targeted for NetSuite 2024.2

End of Support for SMS/Voice Call for 2FA

Starting from March 1, 2024, you will not be able to log in to NetSuite with a role that requires 2FA by SMS/voice call, as this option will no longer be supported.

To avoid any login issues, you need to switch your NetSuite 2FA settings to an authenticator app before this date.You can find the option to reset your 2FA settings in the Settings portlet.

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

Non-production accounts, such as sandbox accounts, will lose support for the SuiteSignOn feature in NetSuite 2024.1. 

In NetSuite 2024.2, this feature will also be discontinued in production accounts.

We will arrange several test windows and send you timely feature change notifications to help you get ready for this change before NetSuite 2024.2 is released.

You can switch to the NetSuite as OIDC Provider feature instead of SuiteSignOn.

CSV Import

NetSuite 2024.1 includes the following enhancements to CSV Import:

Newly Supported Record Types for CSV Import

You can now import revenue recognition field maps into NetSuite using the CSV Import Assistant.

To Access This , Navigate to Setup>Imports/Exports > Imports CSV 

Click On Import CSV Records 

You will be redirected to a new page called Import Asset  .

Select Import type as Accounting 

Record Type  Revenue Recognition Field Map.

To import revenue recognition field maps with the CSV Import Assistant, you must enable the Advanced Revenue Management (Essentials) feature and have the Import CSV File permission

Inventory Management SuiteApps

Following are the 2024.1 inventory management enhancements to SuiteApps:

• Quality Management Enhancements
• SCM Mobile Enhancements

Quality Management Enhancements

NetSuite 2024.1 includes the following Quality Management enhancements:

• Advanced Manufacturing Tablet Integration with Quality Management
• Preserve Quality Results for Lot and Serial Numbers
• Enhanced Receipt Quarantine Workflow v2
• Inspections without Quantity Reference
• Simplified Quality Management Compliance Roles
• Quality Management Enhancements
• Certificate of Analysis Enhancements

Advanced Manufacturing Tablet Integration with Quality Management

The Quality Management SuiteApp enables you to use Quality features, such as Skip Lot or Sampling to inspect the inventory produced through Advanced Manufacturing Tablet.

Preserve Quality Results for Lot and Serial Numbers

The NetSuite 2024.1 Quality Management SuiteApp enables you to preserve comprehensive quality results for each lot and serial number at the specification level. The Quality system evaluates the specification level status with the individual inspection status based on the conformance rule definition at specification.

Enhanced Receipt Quarantine Workflow v2

You can now initiate the Enhanced Receipt Quarantine workflow from the specification level quality status of each lot and serial number.

Inspections without Quantity Reference

With the release of NetSuite 2024.1, you can enable inspections without referring to scheduled or non-scheduled inventory quantity.

Simplified Quality Management Compliance Roles

The following compliance related enhancements are included in NetSuite Quality Management 2024.1:

The bulk manager role has been removed from the standard Quality Management roles.

Quality Management view permissions have been enabled for SuiteScript.

Quality Management Enhancements

With Quality Management 2024.1 you cannot generate inspection queues when a work order completion transaction was created with zero quantity.

Certificate of Analysis Enhancements

The NetSuite 2024.1 Quality Management SuiteApp are included the following Certificate of Analysis (COA) enhancements:

A new Item filter enables you to specify how to generate COA reports based on the following options:

• Only from Sales Orders
• Only from Transfer Orders
• From both Sales and Transfer Orders
• No COA generation

You can now access COA documents directly from the Item Fulfillment transaction.

SCM Mobile Enhancements

NetSuite 2024.1 includes the following enhancements to SCM Mobile Configuration and Customization:

• Image Capture and File Upload Through App
• New Capabilities for Mobile Actions
• Enhanced Search Using Tags
• Displaying URLs in Columns of Data Tables
• Disabling UOM Subfields
• Displaying Dynamic Text Using a Toggle

Image Capture and File Upload Through App

Through an SCM Mobile app, you can add attachments to transactions by capturing an image, or uploading an image or document file. 

It saves the image or document to the file cabinet and attaches them to a reference transaction, either a sales or purchase order.

This capability provides the new Capture Image Icon and Update File Icon that you can set up on a mobile page. When you set up either or both, you can specify an icon label, file path, and reference transaction.

New Capabilities for Mobile Actions

Cloning of Standard Mobile Actions – Through Mobile Configuration only, you can create your copy of a standard mobile action. It does not copy default scripts included in the standard action. It copies any associated actions, input parameters, and output parameters. You can also set up additional input and output parameters.

Autoclick Action for Buttons – You can set up automatic clicking for an Action Button element. It enables you to skip the manual tapping of a button to submit or go to another mobile page.

Enhanced Search Using Tags

For Data Table elements only, you can now search and filter data using tags. When you enter a keyword as your search criteria, you can save it as a tag for a column.

For each column, you can assign up to five tags. For each table, you can assign tags for up to three columns. 

Displaying URLs in Columns of Data Tables

For Data Table elements only, you can add columns that display URLs for navigating to another page, website, NetSuite record. You can also use the link to display an image file from your file cabinet. You can set up dynamic URLs and one or more hyperlinks in a table cell.

Disabling UOM Subfields

You can disable either or both the quantity and unit subfields of a UOM page element. On the mobile app, you cannot edit disabled subfields. 

Displaying Dynamic Text Using a Toggle

You can display a dynamic text using a toggle, instead of letting it load right away during the page load.

Permission Update for Shelf-to-Sheet Count Custom Records

The Shelf-to-Sheet Count version 1.05.1 includes an additional permission required to access a custom record as part of a mandatory security change.

The permission for the following custom record must be added to R & H roles to access the record:

The new permission, along with the appropriate access level, ensures that only authorized users can access or modify the custom records used by the SuiteApp. You must have the Administrator role to assign the new permission and access level to R & H roles.

Order Management SuiteApps

Following are the 2024.1 order management enhancements to SuiteApps:

• Electronic Bank Payments Enhancements
• Electronic Invoicing Enhancements

Electronic Bank Payments Enhancements

Electronic Bank Payments SuiteApp includes the following enhancements:

• Approval Routing and Batch Processing Support for Global Bill Payment Processing
• Create Custom Payment Processing Suitelets using Electronic Bank Payments Custom Plug-in Implementation
• Masking Company Bank Account Numbers and Entity Bank Account Numbers
• Track Changes for Long Text Fields using Logs Column in Payment File Formats

Approval Routing and Batch Processing Support for Global Bill Payment Processing

Electronic Bank Payments version 2024.1 includes support for approval routing and batch processing in global payments processing. You can now process bills using both primary and secondary entity banks in batches from the Global Payment Batch List page. After this update, the existing EFT Batch Processing will not include transactions linked to an entity bank in a transaction’s EFT subtab.

Create Custom Payment Processing Suitelets using Electronic Bank Payments Custom Plug-in Implementation

Starting 2024.1, you can use Electronic Bank Payments SuiteApp’s custom plug-in implementation EPAPI Plugin SS2 – _17239_ep_api_plugin to create custom payment processing Suitelets. Using this custom plug-in implementation, you can customize the standard Suitelet page by adding or removing filters and columns. You can also create your own custom Suitelets for all standard Suitelets.

Masking Company Bank Account Numbers and Entity Bank Account Numbers

You can now mask company’s and entity’s bank account numbers. To enable the masking of bank account numbers, check the Mask Bank Account Number box on the Electronic Payments Preference page. Any duplicate bank account number fields are not masked. Any customizations to the company and entity bank account number fields will not mask the bank account numbers.

Track Changes for Long Text Fields using Logs Column in Payment File Formats

As of 2024.1, a new Additional Logs subtab is added in the Payments File Formats page. The subtab is used to track the changes made to the payment file format’s long text fields. The Logs table in the Additional Logs subtab displays detailed information of the modified long text field. To enable the Additional Logs subtab for custom roles, you must add Full level permission to the Electronic Payments Logs record.

Electronic Invoicing Enhancements

Electronic Invoicing SuiteApp includes enhancements for the following versions:

• Electronic Invoicing SuiteApp Version 9.05.0

Electronic Invoicing SuiteApp Version 9.05.0

Electronic Invoicing SuiteApp Version 9.05.0 includes the following enhancements:

• Cancel Status for E-Documents in Outbound Transactions with Certification Plug-in
• PEPPOL Template Support for SuiteTax
• PEPPOL ID Lookup
• Bypassing PO# Validation when Converting an Inbound E-Document into a Vendor Bill
• Improved Outbound Template with JSON FreeMarker Validation
• Network MR Enhancement
• Sending Email to Administrators for Accounts with more than 10 Administrators

Cancel Status for E-Documents in Outbound Transactions with Certification Plug-in

Electronic Invoicing now supports canceled e-document status in the e-document certification process. Canceled status can be set through certification sending plug-in or insertAuditTrail shared module API. When a transaction is set to Canceled e-document status, the status will not automatically reset to For Generation status even if you modify the transaction record.

PEPPOL Template Support for SuiteTax

You can now use PEPPOL generic templates for custom transactions of sales and purchase (outbound). These templates are supported with custom data source plug-in implementations to populate all the required values. You can use the template contents and the custom data source plug-in implementations to set up e-document template records. These records can then be used for outbound e-document generation. For more information, see PEPPOL Templates for SuiteTax.

PEPPOL ID Lookup

Electronic Invoicing SuiteApp now has the PEPPOL ID field in customer records, vendor records, and the subsidiary preference records on the Electronic Invoicing Preferences page. This field is used by the entities registered on the PEPPOL network. You can set the PEPPOL ID field on the subsidiary preference record on the Electronic Invoicing Preferences page for subsidiaries, and for customer and vendor records in the E-Document subtab.

Bypassing PO# Validation when Converting an Inbound E-Document into a Vendor Bill

Electronic Invoicing 9.05.0 now supports bypassing the PO# validation when converting an inbound e-document into a vendor bill inbound transaction. If the Field Mapping for Inbound E-Documents field contains mapping for a purchase order number and the inbound XML contains a purchase order number which is not found in the account, you can create a standalone vendor bill without mapping it to any purchase order for any vendor.

This feature can be configured from subsidiary preferences records for the subsidiary of the vendor. You can bypass the PO# validation by selecting Yes from the Bypass PO# Validation in Inbound Conversion field. By default, the value of this field is set to No.

Improved Outbound Template with JSON FreeMarker Validation

Validation on saving the outbound e-document template shows a warning popup if the JSON FreeMarker template content is malformed or has complex FreeMarker directives. It can be evaluated at runtime (generation). You can click OK to save the template or click Cancel to make further changes.

Network MR Enhancement

The default filtering for the Automatic Get Network Status MR script is updated to include transactions with Network Status Updated On value. The script execution occurs the day before the current date instead of the transaction date.

Sending Email to Administrators for Accounts with more than 10 Administrators

The Electronic Invoicing SuiteApp now supports sending email messages on MR script execution and inbound web service error to more than 10 administrators when the Recipient of E-document Notifications field is blank. The email messages are sent in batches of 10 active administrators at a time.

Manufacturing

NetSuite 2024.1 includes the following enhancements to Manufacturing features:

• Manufacturing Enhancements
• Manufacturing Mobile Enhancements

Manufacturing Enhancements

NetSuite 2024.1 includes the following Manufacturing enhancements:

• CSV Import for work orders
• Add a display name to transaction line tables.

CSV Import for work orders

Navigation: Setup > Imports/Export >Select Import CSV Record.

Click On Import CSV Records 

You will be redirected to a new page called Import Asset  .

Select Import Type : Transactions 

Record type : Work Order 

Add a display name to transaction line tables

Manufacturing Mobile Enhancements 

NetSuite 2024.1 includes the following Manufacturing Mobile enhancements:

• Backflush and Issue Components when Reporting Data
• Improved Error Message Handling
• Scan and Enter an Item UPC Code
• Work Order Start and End Times
• Updated Manufacturing Mobile Messages
• View Work Instructions from Mobile Device12

Backflush and Issue Components when Reporting Data

NetSuite now offers simplified production management with automatic backflushing for specific components in your Bill of Materials (BOM)! Here’s how it works:

1. Choose Backflush-Ready Components: Identify specific components in your BOMs that you want to automate backflushing for.

2. Configure Automatic Issuance: Mark these chosen components as “Backflush” within their item records. This signals NetSuite to automatically issue them when production quantities are reported.

3. NetSuite New Release Highlights: As we report the completed production quantity, the designated components are automatically issued based on your BOM definitions. No need for manual data entry, saving you time and ensuring accuracy.

• Improved Error Message Handling: Message custom records now include generated error messages.
• Scan and Enter an Item UPC Code: The NetSuite Manufacturing Mobile Suite App now enables you to scan and enter an item’s UPC code.
• Work Order Start and End Times: The NetSuite Manufacturing Mobile App empowers you to manage your Work in Progress (WIP) directly on the shop floor. 
• Updated Manufacturing Mobile Messages: New warning and error messages are included with the release of Manufacturing Mobile 2024.1.
• View Work Instructions from Mobile Device: The NetSuite Manufacturing Mobile Suite App supports viewing work instructions from a mobile device. The instructions for an operation are defined in the assembly routing.