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NSC | Can the System Automatically Create Customer Payments and Apply it to Open Invoices?

edited Jan 10, 2024 8:17PM in Accounting / ERP

If you are reconciling your bank transactions and noticed that there are specific bank lines with customer payments that were not recorded in NetSuite, there are two ways that the system can automatically create these transactions. Here's how:

  • Using the Automated Cash Application

Important Notes:

  1. There should be an exact match for the Customer Name, Customer ID, and Invoice number/s
  2. Customer Mapping Rule must be set
  3. When matching using Invoice amounts, keep in mind that discounts are not considered.
  4. The amounts should be in the same currency

Learn more about it by reading through this article: Automated Cash Application

Micah Patricia Timbol | Basic and Advanced Accounting, OTC Guru

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