NetSuite Admin Tip | Exploring the Benefits and Differences of Enabling Consolidated Payment Feature

The Consolidated Payment feature allows all payments, credits, and deposits to be accepted through the highest-level customer in a customer-subcustomer hierarchy or through the individual subcustomer for whom the invoice is entered.

You can enable this feature by navigating to Setup > Company > Enable Features > Accounting tab.

As the Consolidated Payment feature allows your business to streamline the process of multiple payments in a single transaction, it saves time and reduces manual effort. It also provides better visibility into the overall financial status of your organization, helping you make more informed financial decisions.

Here are the differences when the Consolidated Payment