Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Best practice: Sales Order and Invoicing for progress payments
Hi,
We are trying to construct the following workflow in Netsuite:
1. Create Sales Order for customer
2. Invoice progress payments:
DR A/R
CR Deferred Revenue
3. Repeat (2) until all progress payments are billed
4. At order fulfillment: Complete Sales Order (through warehouse picking)
5. Bill remainder of Sales Order amount
6. Recognize revenue
Has anyone done a similar workflow? What are best practices for this?
Thank you beforehand.
0