Posting Transactions
Posting transactions in NetSuite are the ones that have a direct impact on your financial records and general ledger. These transactions are considered final and are used to update your financial statements. Some examples of posting transactions include:
1. Sales Invoices: When you create an invoice for a customer, it is a posting transaction because it affects your accounts receivable and revenue accounts.
2. Vendor Bills: When you receive a bill from a vendor and enter it into NetSuite, it is a posting transaction because it affects your accounts payable and expense accounts.
3. Journal Entries: Journal entries made to adjust accounts, record accruals, or correct errors are also posting transactions because they directly impact your financial records.
Non-posting Transactions
Non-posting transactions in NetSuite are temporary transactions that don’t directly affect your financial records or general ledger. They are typically used for planning, analysis, or for creating draft transactions before they are finalized and posted. Some examples of non-posting transactions include:
1. Estimates: When you create an estimate for a customer, it is a non-posting transaction because it is not yet finalized and doesn’t affect your financial records.
2. Purchase Orders: Purchase orders are non-posting transactions because they are used for planning and creating a record of your intent to purchase, but they don’t impact your financials until they are received and billed.
3. Work Orders: Work orders are non-posting transactions used for tracking the progress of manufacturing or assembly processes. They don’t directly affect your financial records until they are completed and associated costs are recorded.