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Salary Advance: Vendor Prepayment cannot be knocked off by recovery Journal Vouchers
unresolved NetSuite issues currently faced across the Group NetSuite OneWorld environment (India Localization / legacy tax). India localization SuiteTax bundle is already implemented. Summary Employee salary advances are disbursed as Vendor Prepayments (employees are set up as vendors, prefix SR). Monthly recovery from…
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re-open the vendor-prepayment in a closed period
How would you resolve an issue of a vendor prepayment applied on a wrong bill which is now sitting in a closed period. The bill where the prepayment should be applied remains open. Let's say I have a vendor prepayment A, $100, I applied it to vendor bill X, $100 , in 01/31/2026, which is closed. And today I found out that…
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Vendor Prepayment (with TDS) cannot be fully applied against a Vendor Bill
unresolved NetSuite issues currently faced across the Group NetSuite OneWorld environment (India Localization / legacy tax). India localization SuiteTax bundle is already implemented. Summary When a Vendor Prepayment (VPP) on which TDS was deducted at the advance stage is applied against a Vendor Bill, NetSuite applies…
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Travel advance via intermediary agent: VPP & JV stranded in the agent sub-ledger
unresolved NetSuite issues currently faced across the Group NetSuite OneWorld environment (India Localization / legacy tax). India localization SuiteTax bundle is already implemented. Summary An advance is paid to a travel agent (vendor) via a Vendor Prepayment. The airline then invoices directly, so the Bill is booked…
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Excess Payment refunded from vendor
We are using vendor prepayments for one of our regular vendors in NetSuite. Scenario: We created vendor prepayments and later applied them against vendor bills. After allocation, we identified that an excess amount was still remaining in the vendor prepayment balance. We contacted the vendor (DHL), and they refunded the…
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Restrict users from creating prepayment if total prepayment amount is greater than order amount
Hi, We have this scenario where multiple vendor prepayments are created from one purchase order. How can I restrict users from creating prepayment if total prepayment amount is greater than order amount? Thanks. Avery
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Delta between vendor prepayment balance and prepayment balance (base)
Hello We only use 1 subsidiary (USD) and do not use any other currencies besides USD. Still our vendor prepayment balance does not match our vendor prepayment balance (base) column for one particular vendor. All other vendors we use these columns match. The prepayment balance column displays accurate numbers. The…
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Vendor Payments In Advance of Invoice
Hi there, We have just moved to Netsuite from Sage Accounts Line 50 and Sage allowed us to log a vendor payment without allocating it to an invoice and this was referred to as a Payment on Account. It was posted to the Accounts Payable and Customer account. What is the best way to process this in Netsuite? Is it to use the…
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How to create a report with Vendor Prepayment associated with PO with no Item Receipts?
Hello, We need to find out the number of POs where the items are not received yet but has a vendor prepayment associated with it. I created a saved search where: Transaction Type = Purchase Order Main Line = False Fulfillment/Receipt Status (Line Level) = Open Applied To Transaction : Type = is Vendor Prepayment (I'm not…
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Approve Vendor Prepayments page not working
Does anyone know what this error is on the 'Approve Vendor Prepayment' page. I have vendor prepayments that are in pending approval and should be appearing on this page. I also cannot customize the view. When I customise the view and create my own saved search, it does not appear in the 'view'. I only have the Standard…