If the vendor sends the refund via cash or check in the currency other than vendor’s currency, we need to record the deposit in vendor’s currency via journal entry

Journal Entry

• Go to Transactions > Financial > Make Journal Entries
• Select the Currency, Posting Period and enter Exchange Rate
• In the first line, if the vendor amount is deposited to a bank account select the bank account and enter the amount in the Debit column
• In the second line, select the Accounts Payable account and enter the amount in Credit column and click on save.

Some users may find a situation where they may have to change the GL Account type once they have been created, there are certain limitations to do this. The table illustrates the possibilities to change the type of the GL Account:

There could be requirements where users want to print all the open balances of the customer per currency.

NetSuite provides an option in Set Preferences to set the filter type for reports. This is a user level preference.

This feature is applicable for the customers/invoices for which payment terms are defined at customer record/invoice level. This functionality provides the users to give discount to the customers who pay upfront than the payment terms.