Differences Between Bills and Checks
You can choose between two ways to track your expenditures: with bills or with checks.
If you choose to enter bills, you can track paid and unpaid vendor bills, and pricing for particular products you buy. You enter bills when they arrive, and then pay them when they are due. NetSuite can remind you when those bill payments are due.
You can also choose to track expenditures with checks. NetSuite supports running your business on a cash basis. If you prefer to operate on a cash basis, keep track of when bills are due outside of NetSuite. Then, only create checks in NetSuite to pay them when they are due.
However, using only checks provides much less accounting information to track your business expenses.
Related Topics
- Entering a Vendor Bill
- Email or Upload Vendor Bill Files Into NetSuite Using Bill Capture
- Receiving Inventory in Advance of a Bill
- Canceling a Vendor Bill
- Vendor Bill Printing
- Vendor Bill Variances
- Vendor Bill Approvals
- Vendor Bill Approval Workflow
- 3 Way Match Vendor Bill Approval Workflow
- Vendor Bill Approvals in the Employee Center
- Vendor Bills