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Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
New to NetSuite | Understanding Transfer of Funds Limitations
Now that you have a basic understanding of the Transfer of Funds feature in NetSuite by visiting New to NetSuite | Transfer of Funds, it's crucial to explore its limitations and potential workarounds. Here are some key points to consider:
- Account Type Limitation: Currently, the Transfer Funds feature is restricted to Bank •Account Type only. The option to select other account types, such as credit cards or lines of credit (liability), is not yet available. This limitation is addressed in the following enhancement requests: Issue 47396 (allowing transfers from liability accounts), Issue 85521 (enabling credit card account selection), and Issue 86923 (requesting the ability to choose other non-bank account types). As of now, there is no alternative solution for this restriction.
Ayitah Tallada | General Accounting and Asset Management
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