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Why is my billing schedule completely disregarding the first invoice generated?
We've created a four step billing schedule, first at 13% then 3 further invoices required at 29%. First invoice generated at the 13% percent but when clicking Next Bill this one is also at 13%
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How to correct a closed incorrect invoice
Hi, I am looking for possible ways to correct a closed incorrect invoice and would like to understand the best practices for doing so. We use billing schedules. Currently, users correct an incorrect invoice by copying the invoice then changing amount to correct amount (we are crediting incorrect invoice prior to this).…
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Issue with Custom Billing Schedule: $0 Lines Not Populating on Invoice via Next Bill
I have a line where the billing schedule appears as shown below, but I am unable to generate these lines on the invoice using Next Bill. This issue only occurs with the custom billing schedule. When I use other frequency-based schedules, the $0 lines are correctly populated on the invoice via Next Bill. What could be…
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How to fix incorrect sales order where billing has happened and revenue was recognised?
Hi, I have a Sales Order where the amount is incorrect. One invoice was generated through a billing schedule and was later credited. We manage our revenue externally, and both the invoice and the Sales Order were sent to that system. To correct the order amount, I was considering closing the existing Sales Order and…
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Custom Billing Schedules
Hi, My client will be using custom billing schedules at Sales Order line level leading to millions of these records sitting in the system over time. Could that cause any performance issues? Seems like they cannot be deleted (unless the link at SO line level is removed) as well later when not required anymore, can only be…
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How to Handle Construction Retention for Milestone Billing(Tax on Net Amount+Retention Release)
I’m working on a milestone-based billing setup where each milestone has a retention amount held by the customer. I would like to clarify the correct way to handle this scenario in NetSuite. Business Case: Milestone Billing With Retention Deduction Example: Certified milestone value = RM1,000,000 Retention 10% = RM100,000…
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Billing Schedule Reports
Hi Team, We are planning to setup billing schedules in our account, and we have implemented it. We have initiated the billing operations and invoices plan are created. I need a report that lists the invoices that are ready to be created. Basically, I need a billing schedule report.
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Standard Billing Schedule Missing | Projects
Greetings Community, option to Select "Standard" in NetSuite > List > Relationships > Projects > Edit is missing: We're looking for the Same Option that we get in Lists > Accounting > Billing Schedules > New: Please let us know of underlying reason and any workaround to overcome this. Thank You for your time and efforts :)
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NSC | Re-toggle Billing Schedule after any changes
Scenario The user is creating a Sales Order with a Billing Schedule. They initially set the Recurrence Count to 12 to bill the Sales Order over a 12-month period. However, the revised contract with the customer indicates that the order should only be billed over 6 months. The user had already added the original Billing…
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NSC | Using a Billing Schedule in a Sales Order with Multiple Items
Scenario The user created a Billing Schedule with different set of Amounts to be billed monthly, however, Sales Order with multiple Items shows incorrect Amounts. When only one item is added to an order, all monthly amounts are correct. However, when multiple items are added with the same Billing Schedule added per Item…