Creating custom transactions for special sales and purchases

Since we’re talking about special types of transactions in this chapter, we should also take a moment to talk about a little-used but still very helpful feature called Custom Transactions. NetSuite allows us to create a new, custom type of transaction whenever we need, but we generally only do so when the client has requirements that can’t be met with the native transaction types. For instance, if a company wants to track a special type of Sales Order, we will usually just add a custom list field to Sales Orders, allowing them to be categorized as needed.

In some cases though, it makes sense to completely segregate the transactions in to their own, new custom type. Think about a business that offers complex financial transaction processing or legal services, for instance. They might balk at the idea of tracking things such as a special kind of long-term debt write-off or arbitration services on a Sales...