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#accounting
Title
# accounting
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AK47

04/28/2022, 12:48 PM
What is the best way to handle a line of credit in Netsuite?
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Ashish Atri

04/29/2022, 3:39 PM
Do you mean like on customer? It has a Credit limit option.
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AK47

04/29/2022, 4:54 PM
like if we take a line of credit from a lender. In the end, we are doing journal entries to move from a long term liability account to a bank account, but not sure how other people do it
i feel like making a payment against bills would somehow be correct, but i couldn't get the accounts to work out that way
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Netsuite Tragic

05/01/2022, 6:03 AM
We just competed a very similar project for a client. They take a Trade Advance against a set of vendor bills. As part of this we post the drawdown as a Bank Deposit to bank with account selection for the liability account.
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