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.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
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

How to handle Merchants for Brokerage Companies

in Ask A Guru 5 comments

Hi guys!

We need your opinion on what record/entity should the Merchants (customers for Brokerage, Investment companies) should be created in NetSuite.

The customers deposit funds to their wallets/accounts and for our client those funds are treated as "Liabilities". They do not create an actual "Invoice" and the Income/Revenue of our client is the commision/fees charged on transacting with those feeds (investing). If we create Merchants as "Customers" we only can select "Default Receivables accounts" while should be a liability account there. Also the reports will not be functional. If we create them as "Vendors" we will have the correct accounting impact but again the reports are not 100% functional and in Business terms this is wrong.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 4 (Oct-Dec 2025)

This Week's Leaders

This Month's Leaders

All Time Leaders