How to create an accurate cash-flow reporting solution that isolates real cash movement per gl account

AI generated answer (using internal Slack threads):

To create an accurate cash-flow reporting solution that isolates real cash movement per GL account, you can leverage the capabilities of SuiteGL and custom GL plugins in NetSuite. Here's a step-by-step guide: 1. Use SuiteGL: SuiteGL allows you to customize the GL impact on the current transaction. This means you can add additional GL impact lines to a transaction. For example, if a transaction hits Accounts Receivable, SuiteGL can add another line to back it out of AR and hit the account which you define. 2. Leverage Custom GL Plugins: Custom GL plugins allow you to add GL lines to the current record type based on specific conditions. This can be useful for adding lines to existing GL impact, but it's important to note that you cannot remove existing ones. 3. Implement Approval Mechanisms: For transactions such as cash & bank (cheque) payments, you can implement approval mechanisms to ensure that they do not have a GL effect until approved. While this might require a GL plugin to add extra lines to the impact, it can be a useful way to control the cash flow. 4. Create Journal Entries (JE): You can also create JEs to adjust the GL impact. Whether you automate this part through scripting or do it manually is up to you. However, you will still be required to go into the customer record and click an accept payment to close off those lines. 5. Use Vendor Payments: NetSuite natively supports approvals on vendor payments. This can be another way to control the cash flow and isolate real cash movement per GL account. Remember, the key to accurate cash-flow reporting is to ensure that all transactions are correctly recorded and accounted for. This includes not only the transactions themselves but also any additional GL impacts that may be added through SuiteGL or custom GL plugins. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******