is there a setting that in accounting preference that applies payments to the oldest invoice

AI generated answer (using internal Slack threads):

Based on the provided Slack threads, there is no direct mention of a setting in the accounting preferences that applies payments to the oldest invoice. However, there are discussions about various accounting preferences and their effects on transactions, such as voiding transactions, creating invoices before item fulfillment, and setting default accounts for subsidiaries. It's important to note that NetSuite's accounting preferences can be highly customizable and can affect various aspects of transactions, including how payments are applied. However, without specific information about a setting that applies payments to the oldest invoice, it's not possible to provide a definitive answer. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******