Billing
Billing Overview
To receive payment from customers for the correct amount they owe, bill customers for any goods and services that you sell. Customer bills track exactly what goods and services were sold to the customer and the exact amount the customer owes you for each one.
After you've entered customer bills in NetSuite, send the bill to your customer so they know how much they owe you. You can print bills and then mail or fax them, or you can email bills to your customers.
If you enter a bill for all items you sell, you'll be able to track what you charged for each item, what each customer owes, and your total income.
Billing Forms
You can bill customers in several ways: using invoices, cash sales and statement charges. These transactions keep track of what you provided to the customer and how much you charged for each item or service. For more information about billing customers using these forms, read the following:
You can also create customer bills by converting a sales order into a bill, so you don't have to re-enter data. For more information, read Creating Invoices or Cash Sales from Sales Orders.
Terms of Payment
Terms specify when payment is due on your customers' bills. You can create different payment terms for different customers. For example, one customer has terms of Net 30 and must pay the balance due within 30 days.
Using terms helps you track expected income over time. For more information about terms, read Creating Terms of Payment and Using Terms of Payment.
Advanced Billing
Advanced billing enables you to create billing schedules to invoice sales over a range of time or a contract term. For example, a service company can use advanced billing to manage recurring billing on sales such as a one-year membership billed monthly. Billing schedules manage the billing process to track when to invoice customers and how much to bill. For more information, read the following:
Invoice in Advance of Fulfillment
If you want to create invoices for an entire order even if it hasn't been completely fulfilled, turn on the Invoice in Advance of Fulfillment preference. Then, even if you've only shipped part of an order, you can still create an invoice or cash sale for the entire transaction. For information about enabling this preference, read Accounting Preferences.