NetSuite is configured to automatically record revenue and AR for sales orders when invoiced.

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that NetSuite does not automatically recognize revenue from sales orders. Revenue is typically recognized when payment is received, unless the transaction is recorded as a Cash Sale, where cash collection is recorded at the time of sale. A sales order is a non-posting transaction, meaning it has no immediate accounting impact until items are shipped and an invoice or cash sale is created from the sales order to bill the customer. For eCommerce orders, it seems that some users create a sales order and linked customer deposit. When the order is invoiced, NetSuite will automatically apply the deposit as payment. If the payment method on a Sales Order is set to "Credit Card", it creates a Cash Sale instead of an Invoice. Cash Sales are booked immediately and they don't have a billing status of Open. However, the payment isn't posted until the sales order is billed. If you are not always fulfilling immediately this could be an issue. As for automatically recording bank transactions directly into the GL, it seems that NetSuite has auto-create rules and automated cash applications which are applicable only to certain transaction types like Deposit, Check, Credit Card Charge/Refund, Journal, Customer Payments (not to Bill Payments). ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******