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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
Read on for the latest updates including:
• Agenda Builder launch
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• And more!
Check out this thread to learn more!
Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
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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