Understanding the Accounts Payable feature
With A/P, businesses get the standard features, including the relevant transactions (Purchase Requisitions, Purchase Orders, Vendor Bills, and Returns) and settings, but you might also want to enable a couple of other features for clients who need them. For instance, Blanket Purchase Orders make it easy to manage bulk purchases that are received in smaller quantities over time, and the Advanced Receiving and Inbound Shipment options are available for businesses that need more granular inbound transaction tracking. One other nice feature is Vendor Prepayments for companies that make deposits at the time of their purchases and then apply those to the bill once the order is received.
On the NetSuite Help screens, you’ll find most of the A/P topics under the Supply Change Management (or SCM) heading. We’re going to cover the setup of things such as vendors and items in the next chapter, so for now, there’s not a lot more...
