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.
Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Purchase Order, Vendor Payments, Installments, Implementing, Terms, Implementation
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.
Tags: NetSuite, NetSuite How To's, Accounting, NetSuite Tips, Financial, Transactions, Vendor, Vendor Payments, Bills, Bill Payment
