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Intelligent Payment Automation, powered by BILL (formerly Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
Contract Term Calculation > Computing for The Integer Component
The first step of contract term calculation in NetSuite involves determining the integer component, representing the number of full months (n) between the contract's start and end dates. The formula for this calculation is as follows:
n = ((End Date YYYY - Start Date YYYY) * 12) - Start Date MM + End Date MM
Accurate calculation of 'n' is essential, as any discrepancy can significantly impact the overall contract term calculation. A common oversight is the interpretation of 'n' as the number of full months, as illustrated in the following scenario:
In a Sales Order with a contract term from November 28, 2024, to May 15, 2025, the system computed a term of 5.6, while manual calculation resulted in 6.295. This variance originates from the computation of 'n'.