Hi Everyone, I have one question, In NetSuite, If I have a single entity set up as both a Vendor and a Customer. For example, if I enter a Vendor Bill of ₹100 and also create a Customer Invoice of ₹200 for the same entity, NetSuite shows both transactions separately (₹100 payable and ₹200 receivable), resulting in a net receivable of ₹100. My question is — is there a standard way in NetSuite to offset or settle these balances against each other, or does this require a manual journal entry or an additional Solution?

I don’t believe this is available for standard AP/AR and only on Intercompany. You can use a journal but need to consider if you need any evidence for the Customer/Vendor for this so they can do this in their system too.

Thank you so much @Ricardo Contreras