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Zoho Recruit ATS Setup Guide for Hiring Teams
On this page Getting your zoho recruit ats setup right from the start saves your…
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NetSuite for professional services firms in India provides resource planning, project accounting, time and expense tracking, and revenue recognition in a single cloud ERP. For consulting firms, IT services companies, and agencies with 50 to 500 employees, NetSuite replaces the combination of project management tools, accounting software, and spreadsheets used to run service delivery and billing.
Professional services firms sell people’s time. The core business metrics are: resource utilisation, project profitability, revenue per employee, and days sales outstanding (DSO). Managing these requires tight integration between project management, resource allocation, time tracking, billing, and accounting. Most mid-sized Indian service firms run this across 3 to 5 separate tools, creating data gaps and delayed reporting.
NetSuite SRP is the professional services module that covers the full project lifecycle:
| SRP Component | What It Does |
|---|---|
| Resource management | View team availability, skills, and allocation. Assign the right consultant to each project. |
| Project management | Task breakdown, milestones, Gantt charts, and percentage completion tracking |
| Time and expense | Consultants log hours and expenses. Approvals route to project managers. |
| Project billing | Time-and-material, fixed-fee, milestone-based, or retainer billing models |
| Project accounting | WIP accounting, revenue recognition, and project-wise P&L |
The resource management module shows: who is available next week, who is overbooked, which skills are in short supply, and projected utilisation for the next quarter. For an Indian IT services company staffing projects for international clients, this visibility prevents both bench time (lost revenue) and overallocation (burnout and quality issues).
Resource requests flow from project managers to resource managers. The resource manager sees the skill requirement, availability, and proposes team members. Confirmed allocations block the resource’s calendar across all projects.
Consultants submit timesheets weekly. Each entry links to a project, task, and billing type (billable, non-billable, internal). Expense reports capture travel, accommodation, and client-related expenses with receipt attachments. Approval workflows route timesheets and expenses to the project manager, then to finance for billing.
For firms billing international clients, expenses in USD or GBP convert to INR at the transaction date exchange rate. NetSuite handles multi-currency expense reporting and billing natively.
Indian professional services firms with international clients or those following Ind AS need proper revenue recognition. NetSuite supports:
NetSuite’s revenue recognition engine automates these calculations. The finance team does not manually compute revenue schedules in spreadsheets. Auditors get clean, system-generated revenue recognition reports.
Indian IT services and consulting firms frequently bill in USD, EUR, or GBP while operating in INR. NetSuite supports: invoicing in the client’s currency, receiving payments in foreign currency, automatic exchange rate gain/loss calculation, and FIRC (Foreign Inward Remittance Certificate) tracking for export benefits.
STPI/SEZ units claiming income tax exemptions under Section 10AA need export revenue documentation. NetSuite generates the required reports showing export invoices, foreign currency receipts, and INR realisation values.
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