What does the term 'custom record' refer to in NetSuite?

The term 'custom record' in NetSuite refers to a user-defined record type that extends standard record types. This capability allows users to create records tailored to their specific business needs that are not adequately addressed by the default records provided by NetSuite. Custom records facilitate the storage of unique information, enabling businesses to capture data relevant to their operations in a structured manner.

Custom records are essential for enhancing the functionality of NetSuite, as they provide flexibility that supports the various processes and workflows unique to each organization. Through custom records, users can define their fields, set validation rules, and create relationships with other standard or custom records, thereby ensuring that the data captured aligns with their business requirements.

In contrast, predefined lists of inventory items refer to standard inventory management features, fixed templates for generating reports pertain to formatted outputs of data, and standard record types not permitted for modification are records that cannot be altered to fit specific business processes. These concepts serve different functions within the platform and do not encompass the flexibility and customization afforded by custom records.