What are all the impacts of enabling the Consolidated Payments feature? What are some gotchas and side effects that could potentially affect our accounting, our users, the way we use transactions, our scripts and other processes, or our data?

AI generated answer (using internal Slack threads):

****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** Enabling the Consolidated Payments feature in NetSuite can have several impacts on your accounting processes, user experience, transaction handling, scripts, and other processes. Here are some potential effects: 1. Multi-Subsidiary Customers: If you have customers that are part of multiple subsidiaries, you will need to enable the Multi-Subsidiary Customers feature. However, if you want to use the SuiteSolution Consolidated Invoicing, you cannot turn this on. If you want to use Consolidated Customer Payments, then you MUST turn it on. 2. Payment Application Across Multiple Customer Records: If you receive many customer payments that need to be applied across many child-level customer records, the Consolidated Payments feature can be beneficial. However, it's important to note that NetSuite is reportedly working on a solution to allow both Consolidated Invoicing and Consolidated Payments. 3. Credit Card Processing: If you have a client that wants to use their card to pay invoices for both subsidiaries, you may need to duplicate the customer and assign the primary subsidiary accordingly. This is a requirement from many credit card processors and could potentially complicate your customer management processes. 4. Payments In-Transit Accounts: The use of 'payments in-transit' accounts could be affected by the Consolidated Payments feature. However, the specifics of this impact would depend on your particular accounting setup and the version of NetSuite you are using. Please note that these are potential impacts and the actual effects could vary based on your specific use case and NetSuite setup. Always test new features in a sandbox environment before enabling them in your live account.