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Three ways to take prepayments from customers?

edited Apr 29, 2007 6:33PM in Accounting / ERP 1 comment

Can anyone tell me why there are three different ways to take prepayments from customers?  And more importantly, which one is best from an accounting perspective? 

1) Transactions > Deposits > Other Deposits tab.  See topic at: http://shopping.netsuite.com/s.nl/c.NLCORP/ctype.KB/it.I/id.176316/KB.330/.f

If you use this method, you can select any level customer in the Payor field, even if you have Accept Though Top Level Customer enabled.  The GL impact is a debit to Checking and a credit to AR, and the amount is shown as a credit on the customer record (financial subtab).

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