This covers the Company Subtab from the Enable Features page found at Setup > Company > Enable Features.

Company

The Company subtab has 7 sections. NetSuite has it’s own documentation for the Enable Features Company subtab. This is my take on the page I use as a study guide for the NetSuite SuiteFoundation exam.

Classifications

This is where you turn on Departments, Locations, and Classes. These three classifications allow users to categorize records in their accounts. Financial transactions can be grouped and sorted by these classifications for improved accuracy.

Projects

Turn on the feature for tracking projects. The project record is a subrecord of the customer record. You can use a project record to track income and expense (costs and revenues) for a project.

ERP General

Enable Multiple Units of Measure. Define and use custom units of measure for inventory items. Also allows for non-monetary accounts. This feature must be enabled for the Statistical Accounts feature to work.

Use Deletion Reason. Anytime a Transaction record is deleted, the user must provide a reason for why it was done.

Advanced Numbering. Use this if you need to create a specific set of rules for applying numbers to your transactions.

international

Multi-Language. Use this to create a translation table for web-sites, items, and transaction forms.

Multiple Currencies. Turning this on will allow the user to track transaction in other currencies.

Currency Exchange Rate Integration. This setting switches on an automatically updated exchange rate table. You must also select an exchange rate data provider.

Worldwide Support for Phone Number Formatting. This setting is very descriptive. When you switch this on, phone number formats are honored in the NetSuite interface.

Data management

Inline Editing. Turning this on enables a user to edit individual records from a list view.

File Cabinet. This is a must have. The File Cabinet creates a basic file system in your NetSuite account so you can store documents.

Enhanced File Security. Related to Expense Report records. Turning this on allows each employee to have their expense report records stored in a protected folder accessible through the Expense Report record. Administrators can still access these folders through the File Cabinet.

Duplicate Detection and Merge. This feature automatically looks for possibly duplicated Entity records (Customer, Lead, and Contacts). Verified duplicates are automatically merged at the request of the user.

Access

IP Address Rules. With this feature it is possible to prevent employees from having access outside a specified IP address range.

Mobile

Mobile Push Notifications. If an employee is using the NetSuite mobile app, this allows the account to send mobile app notifications.