In what situations should I create a Custom Transaction Type instead of a Custom Record Type?

AI generated answer (using internal Slack threads):

In NetSuite, you should consider creating a Custom Transaction Type instead of a Custom Record Type in the following situations: 1. When you need to track financial data: Custom Transaction Types are designed to handle financial data and can be included in financial reports, while Custom Record Types are not designed for this purpose. 2. When you need to link to other transactions: Custom Transaction Types can be linked to other transactions, such as sales orders, invoices, or vendor bills. This is not possible with Custom Record Types. 3. When you need to use transaction-specific features: Custom Transaction Types can use features that are specific to transactions, such as tax codes, payment methods, and shipping methods. These features are not available for Custom Record Types. 4. When you need to import records not natively supported by NetSuite: For example, if you need to import intercompany transfer orders, it might be better to create a Custom Transaction Type that can be used for CSV import and then have a script copy the data from the custom record to the actual transaction. This creates a staging element and makes it easier to troubleshoot and audit the import. Remember, the choice between a Custom Transaction Type and a Custom Record Type depends on the specific requirements of your use case. Always consider the functionality you need before deciding which type to create. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******