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Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
NetSuite launches new wholesale distributions solution in Japan in January 2026!
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
How is Advances received typically handled in NetSuite?
Hi How is Advances received in NetSuite typically handled in SalesOrder?
"Advances received"=Account used when a portion or all of the proceeds are received in advance "as payment for goods" when a purchase or sale of goods is made. It is used not only for tangible goods, but also for intangible services.
The seller may make a down payment to indicate his/her intention to purchase the goods, or may pay part or all of the amount as part of a contract, and the seller who receives the advance becomes obligated to deliver the goods to the buyer.
thanks
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