Apply Cheque to open Bill
Hi All,
Is there a way to apply cheque to open bills? When we record a transaction as a cheque we then at some point need to offset it against a vendor bill, but I couldn’t find any solution on how to do that.
Thank you
You can associate a check to the Vendor in the payee field, but no, the Check transaction type is not meant to be applied against bills. The Check transaction type is a standalone payment (i.e. a paper check) that credits the Bank Account and debits the Expense Account(s) selected without hitting Accounts Payable at all. Essentially you should only use a Check transaction if you never received/never intend to record a bill. If you’re trying to record a payment against an existing Vendor Bill, you want to do that as a Bill Payment and record the check number there. I recommend doing some reading in SuiteAnswers on the Payables process. I’d start with:
“Vendor Payments Overview” SuiteAnswers ID 11173
“Paying Bills to a Single Vendor” SuiteAnswers ID 11169
“Checking” SuiteAnswers ID 7494 (this will tell you much the same of what I already did, but good for you to read)
Hi, thank you for your answer. It’s not really being used as a check (paper check) but as an expense which will need to offset a supplier bill at some point (complex nature of business). But it’s good to know that it’s not possible to do, will have to stick to journals I assume.. Thank you anyway for your answer!
Are you talking about a vendor prepayment? “Vendor Prepayments Overview” SuiteAnswers ID 87402, “Vendor Prepayments Setup” SuiteAnswers ID 87403? Or you could just use a vendor credit.
Hi James, Not really, essentially it’s an integration with another system and they are bringing transaction type “cheque” to NetSuite even though it’s not really a cheque but the mapping was done that way..
