Many businesses charge late fees or finance charges on invoices that are overdue. This allows business owners to recover costs incurred by carrying unpaid bills on their books. Finance charges are usually calculated on a monthly basis for all transactions that meet the criteria that the business owner has set up.

NetSuite has extensive capablities for arranging custom fields at form level, while exploring we got found of “Outside Columns at Top.” and "“Outside Columns at Bottom.”

Sometimes users may find the necessity of changing the default current values for the Auto-Generated numbers on transactions.

Under financial tab of Customer or Vendor we used to obseve Balance and Balance base, the below is the difference we can observe

Lock functionality is performed by accountants in month and year end process. Once the period is locked no transaction can be created or edited in the locked period.