Tag: Undeposited Funds

Change default option in Customer Payments from Undeposted funds to Account

Scenario: By standard in NetSuite, the undeposited funds option is selected on the customer payments creation page. The client usually does not use the undeposited funds in customer payments. Additionally, since the default is undeposited funds, the transactions are being saved in Undeposited status and user often forgets to choose the bank account since no… Continue reading Change default option in Customer Payments from Undeposted funds to Account

Making undeposited invoices deposited in Netsuite

When accepting payment for an invoice, there is an option to choose an account or undeposited funds. If you are entering a payment that will be deposited to a bank account later, select Undeposited Funds. Undeposited Funds are a chart of accounts with type as Other current Asset. If you are entering a payment that… Continue reading Making undeposited invoices deposited in Netsuite