i get a credit for every purchase of item X (i.e. total cost $10,000, credit on invoice $900 in a separate line). what is the best way to set these up as non inventory items or expenses to be able to process the vendor bill

AI generated answer (using internal Slack threads):

Based on the conversations, the best way to set up the credit for every purchase of item X as non-inventory items or expenses to process the vendor bill would be to use non-inventory items pointing to expense accounts on the item record. This is considered best practice as it provides more control and reduces the opportunity for errors. Here's how you can do it: 1. Set up a non-inventory item for the item X in NetSuite. This item should point to the appropriate expense account. 2. When you receive the item, receive it at $0 on the item receipt. This means that you are not recognizing any cost upon receipt. 3. When you receive the vendor bill, bill it at $0 for the item. This means that you are not recognizing any cost upon billing. 4. Add the full cost of the item under expenses on the vendor bill. This will allow you to recognize the full cost of the item at the time of billing. 5. For the credit, you can set up a separate non-inventory item that points to a liability account. When you receive the credit, you can apply it to this item. Remember, the key here is to ensure that the non-inventory items are set up correctly and point to the correct accounts. This will allow you to accurately track the cost and credit of the item in your financials. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******