What are Vendor Prepayments? When Vendor requests a deposit or payment before a Purchase Order is approved or before a Vendor Bill is issued, you can record this payment as a Vendor Prepayment in NetSuite.
Have you ever wondered if there was an easier way to get a detail report of Undeposited Funds for a previous Date? If you have a lot of transactions that flow in and out of this account, it can be a daunting task if you don’t reconcile this right after month-end close or even if there happened to be back-dated transactions after you month-end bank reconciliation. The following search will help you download a saved search report to solve that issue.
What is Segmentation in Netsuite? Segmentation or classification are ways to categorize entity (Vendor, Customer, Item) records and transactions amounts in NetSuite. For instance, you may want to see your Income Statement separated out by Location; Location will be a classification field on your transactions. There is native reporting function that will automatically break up your Financial Statements in segmentations.