Tag: Bill Credit

Bills vs Bill Credits

Definition and Purpose Bills: Definition: A bill is a document from a vendor requesting payment for goods or services provided. It represents a liability or an amount owed by your company. Purpose: To record an obligation to pay a vendor for products or services received, reflecting the expense in the company’s accounts. Bill Credits: Definition:… Continue reading Bills vs Bill Credits

Fetch Bill Credit from a vendor payment transaction (Suite QL)

We can fetch the bill credit from a vendor payment transaction using suite QL. function getBillPaymentCredits(billPaymentId) {             var queryResults = query.runSuiteQL({                 query: `             SELECT                 Applied.nextdoc as billCreditId… Continue reading Fetch Bill Credit from a vendor payment transaction (Suite QL)

PART 3.2 – Vendor/Purchase Transaction GL Impact

Purchase orders are non-posting transactions that are sent to a vendor to keep track of items that are expected to be delivered. They include the associated price and quantity.  2. Item receipts are used to match against an open purchase order when items have been received. The GL impact will show an increase in the asset account… Continue reading PART 3.2 – Vendor/Purchase Transaction GL Impact

Rounding off JE’s at the time of knocking off

Requirement: If the amount difference between the Bill and Bill Payment is between 0 and 5, automatically generate the journal entry to pay the bill transaction. Solution: If the difference between the Bill and Bill payment amount is between 0 and 1, a new Bill Credit(Memo: Rounding Off) will be created automatically for the remaining… Continue reading Rounding off JE’s at the time of knocking off