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New to NetSuite | Understanding Transfer of Funds Limitations

edited Jun 2, 2025 2:53PM in Basic Accounting

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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