Sales
A sales custom transaction provides sales transaction functionality that you can incorporate into your sales workflow. With sales custom transactions, you can use the Item sublist and define the GL impact of the transaction. Inventory impact, taxes (SuiteTax only), and revenue recognition are also supported. The behavior of sales custom transactions is similar to invoices, cash sales, or credit memo transactions.
The following transaction transformations are supported:
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Sales transaction type to sales transaction type
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Sales order to sales transaction type
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Invoice to sales transaction type
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Sales transaction type to payment
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Sales transaction type to refund
For example, Large and Associates is a nonprofit company that relies on donations. The company needs the ability to enter a cash donation in NetSuite with payment options including check or credit card. This transaction should not be recorded in accounts receivable. Users should be able to choose items on the Items subtab and choose a revenue account to post the transaction. A sales custom transaction meets these requirements.