Global Payments – Process Payments for Entities from Primary or Secondary Banks

Global Payments enables you to process payments for a single entity having multiple entity banks. You can process payments irrespective of the bank being primary or secondary.

You can process payments for primary or secondary entity banks using the Entity Bank list on the EFT subtab for the following transaction types:

• For Vendors:

  • Bills

  • Bill Credit

  • Bill Payment

  • Commission (custom)

  • Expense Report (custom)

• For Customers:

  • Invoice

  • Customer Payment

  • Credit Memo

  • Customer Refund

All the transactions linked to entity banks can be processed only by going to Payments > Global Payments in your NetSuite account.

Note:

Global invoice payment processing Suitelet does not support batch creation and approval routing.

Global payments Suitelets, filters and aggregation will be same as the Processing Payments Suitelets, filters and aggregation. For more information, see Processing Payments.

Note:

When you click the plus icon next to the Entity Bank list, it redirects you to the NetSuite home page. You cannot create a new entity bank by clicking the plus icon.

For Commission transaction type, the Entity Bank list is available on the Custom subtab. The Entity Bank (Employee) list is used for employee commission transactions and the Entity Bank (Vendor) list is used for partner commission transactions. The values of both the lists are not logged in the system notes of a transaction and cannot be updated using the Mass Update feature.

All the entity banks of the transaction are shown in the Entity Bank list regardless of bank type being primary or secondary.

Selecting an entity bank at the transaction level does not depend on EFT Bill Payment setting on the Bank Payment Details tab on the Entity page.

For global bill payment processing, PFAs go through approval routing and batch creation process if:

• Approval routing is active, and,

• Payment amount exceeds the specific limit on the company bank.

For more information, see Processing Bills and Expenses in Batches.

Note:

Batch processing of payments is only available if you have an active Electronic Bank Payments license. You can still manually select bills and expenses for processing if you are using the base edition of the SuiteApp.

The following transactions will not be processed by the global payments processing:

• Transactions where an entity bank is not specified. You can process these transactions by going to Payments > Payment Processing, see Processing Bills and Expenses.

• Transactions where an inactive entity bank is selected. The inactive entity bank remains selected on the transaction, but the transaction will not be processed.

General Notices