Netsuite For Construction

NetSuite tracks retention as it accrues on each certificate and manages release as work is certified or the retention period ends. Held-back cash stays visible instead of vanishing into a spreadsheet until someone remembers to chase it.

Because retention can tie up a meaningful slice of a job's margin until well after completion, seeing it in real time across the portfolio is often where the system pays for itself first.

No, and it shouldn't. Keep the field tools your teams rely on. NetSuite becomes your financial system of record — it owns project cost, WIP, billing, retention, and revenue recognition, and runs alongside the project and QS systems your PMs already use, including Procore.

Think of it as the finance layer that pulls the numbers together, not another app for the site office to learn. Job-cost data lands in one place that ties straight through to the general ledger.

NetSuite recognizes revenue on a percentage-of-completion basis and keeps the cost, WIP, and progress evidence behind every figure. Under HKFRS 15, recognizing revenue over time is a judgment your accountants make — and the system's job is to give that judgment a record you can stand behind.

So when an auditor or the IRD asks how you reached a number, you have the trail to answer, and the same records support tax and management reporting. We don't promise a particular ruling; we make sure the evidence is there.

Fair point, and we'll be straight with you: out of the box, NetSuite isn't construction software. The construction capability comes from configuration — and that work is exactly what PS Global builds in, rather than assembling it from scratch on your time and budget.

What you get is job costing by cost code and phase, percentage-of-completion revenue, WIP, retention, and progress billing, set up for how Hong Kong contractors actually bill and certify. The platform plus the right configuration is the point, not the platform alone.

Yes, and it's one of NetSuite's real strengths. Most Hong Kong contractors run a group — project SPVs, a holding company, often a mainland entity — with inter-company flows that make year-end painful.

NetSuite OneWorld consolidates all of it natively. You see every project across every entity in one set of books and close the group at period end without the manual reconciliation marathon.

You don't commit to everything on day one. We start with a fixed-scope discovery that maps your cost structure, your QS certification cycle, and how your data moves today, so you see the plan and the cost before any build begins.

We're realistic about live work, too. New jobs can start clean on NetSuite while legacy jobs run to completion the way they are, so you're not forced to migrate half-finished projects mid-flight.

OnePacific is now part of PS Global Consulting.

hk.psglobalconsulting.com is the dedicated Hong Kong NetSuite practice site for the same award-winning team clients knew as OnePacific, while psglobalconsulting.com covers the broader PS Global Consulting business across the region.

We continue to deliver NetSuite implementation, customization, integration, and support services for clients across Hong Kong and APAC.