Hi,
We recently migrated from Sage X3 to Netsuite...
# accountinga
Arthur B.
08/04/2023, 6:58 PMHi,
We recently migrated from Sage X3 to Netsuite. Once of the features in X3 was the Intercompany document generation. depending on how we set things up. but generally speaking we had it as such when a Interco-PO was created it would generate the Interco-SO.... when the Interco-Delivery(Item Fulfillment) was created the system would generate an Invoice against it and this would trigger to auto generate the Receipt Invoice on the other end. So the Finance AP and AR were used to this and during our process walkthroughs looks like this was not on the radar and now I noticed a few GL accounts were the balances are just increasing and their primarily made up of interco transactions.
Come to find out Netsuite natively does not auto generate the invoice side of these interco transactions.
has anyone encountered this and is there any addons or customizations to automate this?
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Karina
08/04/2023, 8:06 PMyou can put your IC invoices (and any invoices, for that matter) and be done thinking of it. Netsuite does so much more than Sage…
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Arthur B.
08/04/2023, 9:25 PMHi Karina, I'm sorry but I dont follow your response: "you can put your IC invoices (and any invoices, for that matter) and be done thinking of it." Could you elaborate?
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Karina
08/04/2023, 9:34 PMThere is a Billing Operations feature you can use for this process
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Arthur B.
08/04/2023, 11:47 PMhi @Karina Thank you! This looks promising
👍🏻 1
Arthur B.
08/07/2023, 10:26 PMHi, I reached out to our partner and here is their take on this function:
"This function is meant for customers using Billing Schedules on their Sales Orders. You are not using billing schedules (and are not able to as billing is based on fulfillment happening), so the invoices would not be picked up in the bill run process. Also this is meant to be a set day that billing is run and cannot be past the 28th of the month, this would not work for Intercompany and you need these generated through the end of the month to make sure accounting closes properly. This function also does not allow for usage on the vendor side at all (so no VBs or POs)."
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Rich K.
08/08/2023, 1:42 PMThe same functionality you mentioned in X3 is available in NetSuite.
Automated Intercompany Management:
https://suiteanswers.custhelp.com/app/answers/detail/a_id/20813
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Karina
08/08/2023, 3:23 PMNot using billing schedules? ok. I am not sure why your parter is putting the 28th as a deadline (it is artificial), but ok. So instead process all invoices and all vendor bills on the last day of the month by Invoice Sales Orders/Bill Purchase Orders options.
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David B
08/10/2023, 3:52 AM@Karina, looking into Bill Op Scheduling myself. The >28th limitation is real and... wierd...
The note (screenshot attached) is clearly there in the help docs, but I can schedule a bill op to run after the 28th... (also screenshot attached)
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Karina
08/10/2023, 2:39 PM@David B - wow…. Learn smg every day…. Thank you!