Check out Oracle NetSuite upcoming events and conferences here
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.
Don't miss out on our Weekly Quiz! You only have until June 20, 2PM EST to comment your answers and earn rewards! Click here for more details.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Community Poll: What sort of content would you like to see more of?
Please note that on Saturday, June 22, 2024, at 8:00 PM Pacific time, our Case Management System will undergo a scheduled maintenance for approximately 60 minutes. During this time, case creation via SuiteAnswers will be unavailable and inbound calls will be routed to Customer Service.

NSC | GL Impact > Stand-alone and Created from Bill/Vendor Authorization Bill Credits

edited Nov 27, 2023 11:18PM in Accounting / ERP

When creating a Bill Credit, Users notice that the GL Impact differs from Stand-alone Bill Credits and Bill Credits created from Bill/ Vendor Return Authorization.

Stand-alone Bill Credit generates a GL Impact for Accounts Payable and Inventory

However, Bill Credits created from Bill/ Vendor Return Authorization have GL Impact of Accounts Payable and Purchases Returned Not Credited.

According to SuiteAnswers Article ID: 12251, Purchases Returned Not Credited Account is used as a "suspense" account to record the return of Items through Vendor Return Authorization

This account is debited for every Item Fulfillment representing shipment of Items to the Vendor and is credited when related

Howdy, Stranger!

Log In

To view full details, sign in.


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


Community Whiz

Quarter 2 (Apr-Jun 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders