In this video, our Senior NetSuite Consultant, Sarah Meehan, provides details on a new NetSuite feature for tracking vendor bill credit due dates that is being added in release 2020.2. In NetSuite releases prior to 2020.2, there is not a native field for tracking the date when a vendor bill credit will be applied at the transaction header level as there is on vendor bills. This can make it somewhat challenging to track when a credit is planned to be used, especially when issuing a vendor payment.
Once your NetSuite ERP environment is upgraded to 2020.2, you will notice that a new Due Date field is exposed by default at the header level on bill credit forms.
The date that you populate in this field will be visible on the vendor payment screen, which will help you to better control the application of bill credits at the time of payment.
By taking advantage of this new feature, you’ll be able to maintain a more accurate accounts receivable register that reflects all of your payables, including vendor bill credits.
Concentrus is a full-service NetSuite solutions provider based in Southern California. We partner with companies across the US and Canada to provide NetSuite implementation, developer, integration, and customization services that ensure our clients have a long-term ERP solution that is tailored to their needs.
For any NetSuite Implementation or NetSuite Admin related needs, please feel free to reach out to us.
