One of the most common edits requested by customers during a new NetSuite implementation is to customize the sublist display for several transaction records, namely the Items and Expenses subtabs on Vendor Bills and Purchase Orders.
The Vendor Payment Installments feature offers a systemic way to manage vendor bills in several installments. In addition to facilitating a systemic process, the feature also allows you to view aging for each installment based on its due date which is helpful in providing visibility on upcoming bills. In this blog, we’ll walk through the fairly straightforward setup process as well as provide a few considerations you may want to think about as you decide whether to enable this feature.
In a previous blog we explored how to create a Purchase Request using the Employee Center role. In this blog we’ll explore the differences between a Purchase Request and a Purchase Requisition.
NetSuite has a great Purchase Request feature which can be leveraged to monitor and control the purchases within an organization. Many organizations find it difficult to control spending in certain key areas or lack a formal process to request new equipment.