Any idea's on a solution to this scenario: We have...
# administrationl
lukeabbott
12/18/2019, 6:34 PMAny idea's on a solution to this scenario: We have four vendors who we pay through a third party. That thirdparty provides a discount on our consolidated bill. In NS we want to bill the four vendors directly, but pay through the vendor record of the thirdparty, so that we can record our discount.
How should we set this up?
c
C_Billings
12/18/2019, 7:14 PMI think you meant "we want a vendor bill for each party (of the four) but pay the third party"
C_Billings
12/18/2019, 7:15 PMYou arent billing a vendor they are submitting to you
k
KevinJ of Kansas
12/18/2019, 7:19 PMThe whole situation makes my head hurt.
KevinJ of Kansas
12/18/2019, 7:22 PMI'd probably
1) record the bills to the vendors -
2) then when it's time to pay them,
2a) credit them using a manual vendor credit that hits a holding account,
2b) bill on the 3rd party vendor that hits that holding account, and then recognizes the discount -
2c) pay that bill in NetSuite.
l
lukeabbott
12/19/2019, 1:47 PMThanks for responding.
lukeabbott
12/19/2019, 1:49 PM@KevinJ of Kansas The holding account sounds like the key. I'll give it a go. Thanks.
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