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The Advanced Payment records the actual amount debited to your bank account against the default prepayment clearing account. This record initiates the advanced invoice process and is a mandatory step before users can proceed with the rest of the process. Advanced Payments can be created manually or automatically via third-party systems or via NetSuite’s own bank statement import module.
Note: Each advanced payment must only be associated with ONE (1) Customer.
Manually creating an Advanced Payment
To create an advanced payment:
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Account | Debit | Credit | Department | Class | Location | Custom Segment | Entity |
Bank Account | Yes |
| Header | Header | Header | Header | Customer |
Default Prepayment Clearing Account |
| Yes | Line | Line | Line | Line | Customer |
Automatically create an Advanced Payment
There may be different steps in configuring the automatic creation of an advanced payment based on your third-party integration. Please coordinate with your third-party provider and make sure that the G/L posting will result in the following:
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