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Step-by-Step Guide: Integrating Fishbowl With NetSuite

step-by-step guide: integrating fishbowl with netsuite

Your finance department struggles with visibility on customer debts, as invoices generated in Fishbowl fail to sync with your accounting system. Cash flow is impacted, often without full awareness of the situation. For distributors and manufacturers managing inventory through Fishbowl, integration with NetSuite's comprehensive accounting capabilities resolves these challenges. It retains the operational systems your warehouse team utilizes while providing real-time financial insight. This guide details every phase of the Fishbowl-NetSuite integration, from planning to full implementation, ensuring you achieve operational efficacy and improved cash flow management.

Key Highlights

  • The Fishbowl-NetSuite connector can eliminate manual data entry by synchronizing critical operations, such as orders, fulfillment updates, and financial records, into NetSuite.

  • Setup periods for standard integration take 2-4 weeks, whereas more intricate multi-entity configurations might extend to 4-6 weeks.

  • Businesses can save 15-25 hours per week by reducing manual data input and reconciliation.

  • Automated handling of prepayments and waterfall allocation for deposits across partial shipments is supported.

  • Real-time accounts receivable visibility and consolidated financial reporting across different locations are possible without manual updates.

Understanding the Importance of Fishbowl to NetSuite Integration

Reasons to Combine Fishbowl and NetSuite

Fishbowl is superb for warehouse-oriented tasks like picking, packing, shipping, and inventory management. However, as businesses grow beyond what QuickBooks can support, there's a need for advanced accounting solutions, which Fishbowl alone cannot provide. Integration fills this gap by syncing data like:

  • Sales order to invoice conversion post-shipment

  • Purchase order to vendor bill creation with accurate accrual accounting

  • Customer payment handling with the distribution of prepayments over various shipments

  • Inventory adjustments posted with precise GL coding

  • Multi-location inventory movements with the correct cost assessment

Without this integration, accounting teams manually reenter transactions, wasting considerable time and risking financial inaccuracies.

Benefits of Integrated Systems

Beyond time-saving, integrating Fishbowl with NetSuite offers significant advantages:

  • Real-time AR visibility: Monitor customer dues without delay.

  • Automated prepayment processing: Ensures deposits apply aptly over partial shipments.

  • Comprehensive reporting: Unified financial statements covering various locations and subsidiaries.

  • Audit-ready trail: Every inventory shift generates automatic GL entries.

One client resolved major cash flow impediments by unlocking visibility into previously inaccessible accounts receivable data held in Fishbowl.

Key Considerations Before Initiating Integration

Defining Integration Goals

Prior to adjusting any technical configurations, outline what successful integration should accomplish for your organization. Typical objectives include:

  • Minimizing duplicate data entry between the warehouse and accounting

  • Producing accurate customer statements from NetSuite

  • Attaining real-time inventory valuations across sites

  • Facilitating multi-currency or subsidiary operations

  • Complying with audit standards

These goals dictate the scope of integration needed. A single-entity distributor requires a different setup than a manufacturer managing multiple locations with complex tracking needs.

Selecting an Integration Method

To link Fishbowl and NetSuite, you can use:

Generic Item Mapping (Recommended for Most):

  • Use three NetSuite items to manage all Fishbowl products.

  • Invoices display full line-item details.

  • Simple backend GL structure with minimal maintenance.

Advanced 1:1 Product Mapping:

  • Match every Fishbowl SKU directly with a NetSuite item.

  • Necessary when products need distinct GL accounts.

  • Higher effort in setup and ongoing maintenance, with added costs.

Generic mapping meets most needs, but the advanced approach is for firms needing specific revenue recognition.

Ensure your NetSuite roles are structured correctly, as the integration needs specific access levels to avoid authorization issues during setup.

Preparing for Fishbowl and NetSuite Integration

Step 1: Enable Web Services and Generate Integration Records

Within NetSuite, initiate an integration record with Token-Based Authentication (TBA). Look under setup options to proceed. This provides:

  • Client ID and Secret for API authorization

  • Application ID for integration purposes

  • NetSuite Account ID for configuration

Time needed: Approximately 15-30 minutes.

Step 2: Connect to the NetSuite Sandbox

Begin testing in a sandbox environment. The implementation specialist establishes API connections using earlier credentials, confirming successful data communication capabilities.

Expected outcome: Achieves a successful API link; enables Fishbowl-NetSuite sandbox interaction.

Time needed: Approximately 30-60 minutes.

Step 3: Align Chart of Accounts

Assign GL paths for all transactions, configuring these mappings for:

  • Receivables

  • Payables

  • Inventory assets

  • Goods sold

  • Sales income

  • Prepayments/undeposited funds

  • Adjustment accounts

Ensure thorough documentation of each mapping, as missing data can cause incorrect postings.

Time needed: 2-4 hours.

Step 4: Set Up Generic Item Mappings

Introduce three versatile NetSuite items in the sandbox:

  • Generic Inventory Item for Fishbowl parts.

  • Generic Service Item for service lines.

  • Generic Non-Inventory Item for non-stock elements.

Each must link to the relevant GL accounts (Income, COGS, Inventory Asset) with accurate tax settings.

Time needed: 1-2 hours.

Step 5: Address Custom Fields

Identify all unique NetSuite custom fields, such as:

  • Department codes

  • Class specifics

  • Location identifiers

  • Custom report fields

Define how Fishbowl data fills these fields. Missed mappings can lead to incorrect report data. For NetSuite saved searches, confirm mapped fields display accurately.

Time needed: 2-6 hours, variance based on customization.

Executing the Fishbowl-NetSuite Connection

Opting for an Integration Method

Link Fishbowl and NetSuite typically through a third-party connector or custom API, as Fishbowl lacks native NetSuite integration. Benefits include:

  • Direct system communication

  • No extra software

  • Available through third-party providers

  • Supported options for frequent scenarios

Scheduling Synchronization

Decide sync frequency based on business needs:

  • Standard: Every 15 minutes - 1 hour during operational periods.

  • High-volume: Frequent syncs may need enhanced NetSuite service levels.

  • Off-hours: Reduced sync during inactive times.

The batch processing approach focuses on operational patterns for timely data access.

Supervising Data Sync Process

Establish monitoring mechanisms pre-launch:

  • Review logs daily within the initial weeks

  • Compare Fishbowl transactions with NetSuite records

  • Confirm GL balances align with expectations

Design a NetSuite workflow to notify administrators of sync issues.

Synchronizing Inventory and Order Information

Flow Synchronization

Inventory movements in Fishbowl should correspond with NetSuite entries:

Receiving Inventory:

  • Fishbowl PO receipts trigger NetSuite vendor bills

  • RBNI accruals are managed intrinsically

  • Landed costs added to inventory values

Shipping Inventory:

  • Fishbowl shipments create invoices in NetSuite

  • Correct cost layers determine COGS

  • Multi-order handling ensures accurate revenue recognition

Adjustments:

  • Cycle discrepancies result in journal entries

  • Waste and damage translate to expense postings

  • Cost amendments prompt inventory revaluation

For distributors, precise inventory flow sync drives profitability and purchasing decisions.

Order Processing Linkage

Configure sales orders carefully:

Single-Shipment Orders:

  • Order generated in Fishbowl

  • Picking, shipping completed

  • NetSuite invoice created with item details

  • Fishbowl processes payment, applied to the NetSuite invoice

Multi-Shipment Orders with Prepayments:

  • Customer deposits initiate holding account postings

  • Partial invoices follow the first shipments

  • Waterfall logic ensures the oldest invoice clears first

This approach resolves prepayment challenges for custom manufacturers.

Real-Time Visibility and Integration Automation

Extending Business Automation

Post-reliable data sync, automation opportunities thrive, such as:

  • AR dunning notices through NetSuite AR aging

  • Reorder alerts aligning with inventory levels

  • Customer credit restrictions if AR exceeds limits

  • Revenue recognition automation for variable payment models

Utilizing Integrated Data for In-Depth Insights

Automatic data flow elevates reporting:

  • Cash forecasting linked to AR and inventory pledges

  • Inventory turnover analyses categorized by location or product

  • Comprehensive margin reports with refined COGS by product

  • Customer profitability metrics considering true service costs

Manufacturers boast valuable insight from integrated work order costing, accurately transforming labor, material, and overhead into finished goods.

Solving Typical Fishbowl-NetSuite Integration Challenges

Spotting Data Inconsistencies

Even meticulous integrations may show issues. Typical signs and remedies include:

  • Frequency: Common

  • Reason: Custom field mapping gaps or sync hiccups

  • Fix: Review logs and mapping validation

  • Frequency: Occasional

  • Reason: Independent calculation engines

  • Fix: Set a unified tax method during configuration

  • Frequency: Sporadic

  • Reason: Waterfall logic flaws

  • Fix: Test multiple-invoice settings in sandbox

  • Frequency: Rare

  • Reason: Unconfigured holding account

  • Fix: Review Goods Received Not Invoiced setup

Addressing API Connectivity Failures

When integration halts:

  • Check tokens validity - TBA tokens last unless purposely voided, but OAuth 2.0 credentials need regular upkeep.

  • Ensure NetSuite service status - Look out for scheduled maintenance affecting API.

  • Reflect on permission adjustments - Role alterations may disrupt access.

  • Simplify transaction testing - Determine if specific or all transactions are affected.

Maintain an alert and responsive strategy during early days post-launch, logging each issue and solution for future reference.

When to Seek Further Expertise

Some problems demand expert intervention:

  • Multi-currency posting complications - Handling intricate exchange rates

  • Intercompany removal issues - Concerns regarding subsidiary settings

  • Performance drop-offs - Possible API throttling or tier limits

  • Creative script conflicts - SuiteScript interference with integration

Collaborating With Versich for Faultless Fishbowl NetSuite Integration

Integrating Fishbowl and NetSuite transforms more than technical systems; it affects finance, operations, warehouse, sales, and purchasing sectors. While some companies manage alone, complex cases require expert support. Versich, as a NetSuite Solution Provider, offers profound expertise in critical integration functionalities:

  • Inventory automation managing multi-location intricacies

  • Tailored workflow development for business-specific needs

  • Backend systems connection teaming up ERP with operational tools

Our specialist team has aided distributors breaking QuickBooks confines and guided manufacturers through complex integration and proper WIP tracking setups.

Working with Versich is like consulting a trusted neighbor who provides clear, straightforward resolutions, ensuring your systems function harmoniously.