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NSC | In-Transit Payments

edited Jul 3, 2023 10:24AM in Accounting / ERP 2 comments

Using this feature will allow you to recognize payments and deposits at the time they occur. It means, that initial payment is not posted to the bank account directly but to an interim account “Cash in Transit”. Payments can be cleared in your ledger at the same time they are confirmed, simplifying reconciliation. 

After you create in-transit payments, outstanding in-transit balances are visible on vendor records and dashboards.

For detailed information about this feature, please refer to our SuiteAnswers:

99982 - In-Transit Payments Setup

79737 - Enabling the In-Transit Payments Feature

Are you using this functionality? Do you have some tips regarding this concern? Please, share it with us in our Community! :-)

Katerina Winklerova

Basic Accounting/ OTC/PTP Guru

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