Assigning default vendor prepayment account at the Vendor level

We can configure vendor prepayment account at the company and subsidiary level. In Netsuite, the functionality to assign a specific vendor prepayment account to each individual vendor is currently unavailable.

Upon further checking the ability to select from the Prepayment Account field in the Vendor Prepayment record as an alternative, it was found that this is currently a system limitation logged under Enhancement 567722 [Transactions > Payables > Enter Vendor Prepayment > Ability to Select a Different Account in the Prepayment Account] and is currently in the voting stage.

As documented in the Enhancement, here is the alternate solution for this:

For OneWorld NetSuite accounts:

1. Go to Setup > Company > Subsidiaries
2. Edit subsidiary
3. Under the Preferences subtab, click the General subtab
4. Change the account for this subsidiary from the Vendor Prepayment Account dropdown list before creating a Vendor Prepayment record.