Have you ever needed to track non-monetary accounts in NetSuite? With Statistical Accounts in NetSuite, you can do that. Let’s take a quick look at what these accounts are and how you can set them up in NetSuite. Statistical Accounts Overview First, the...
If you use OneWorld, then you should consider using the Multiple Calendars feature. When you enable Multiple Calendars in NetSuite, you can create multiple fiscal calendars that apply to your accounting periods and tax periods. Let’s take a look at this feature...
At times, you may have vendors request a payment deposit on orders before they actually approve your purchase orders. The NetSuite Vendor Prepayments feature allows you to manage these kinds of payments. A prepayment is a real, General Ledger-posting kind of payment,...
The NetSuite In-Transit Payments feature helps visualize the separate steps that payments go through. To do this, In-Transit Payments has two distinct stages: recording a payment intent and documenting the actual deposit. In this blog, we’re going to take a look...
If some of your customers have subcustomers, then you should definitely consider using Consolidated Payments in NetSuite. The NetSuite Consolidated Payments feature allows you to accept payments from either top level customers or from the individual subcustomers who...
