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Does netsuite have a capability similar to "cleari...
# general
r
Does netsuite have a capability similar to "clearing" in SAP where debits and credits are netted off and cleared against each other in order to have a list of less transactions when reporting
s
Following
l
are u referring to GRIR? @Roberta Marcos
r
idk, what is GRIR?
l
Goods received, invoice not received
usually a liability account
s
When u receive goods your clearing liability account is credited with debit inventory. When u bill the Purchase order this clearing liability is reversed and AP is credit
l
yup, those and bank t/s are the only ones that are “cleared” per se. What aer you trying to accomplish @Roberta Marcos?
r
oh no, i mean for everything like netting a bill againts a bill payment so it shows up in one line debit/credit netting to 0
s
If you have offsetting transactions on your AP account you can match them off by creating a 'Payment', if the Credits/Debits offset then they are matched and cleared (it doesn't actually generate a Payment record) and then those lines would no longer show on the AP aging report. Same thing for AR. For other accounts or transactions not associated with an Entity there isn't anything as standard
There is a bundle you can download called GL Matching. I haven't played with it much as its relatively new. It lets you match transactions on any GL account (I think), it doesn't actually 'clear' them as such, if for example you had journals on the AR Aging that netted to zero but weren't associated to a client and you matched them in the GL Matching they would still show in the standard detail report. However, you can build custom reports to filter them out.
r
thank you
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