Default Payment Account Hierarchy
Published on
November 1, 2024 at 10:28:55 PM PDT November 1, 2024 at 10:28:55 PM PDTst, November 1, 2024 at 10:28:55 PM PDT
Scenario
You can set up a default payment account for your customer payments, cash sales, and customer deposits in different ways within NetSuite.
Solution
The following is the hierarchy that NetSuite uses for its default payment account:
Payment Method
Note:This can be found in Setup > Accounting > Accounting Lists > Type: Payment Method
IfDeposit Tois marked, either:
Undeposited Funds, or
SpecificAccountselected
If no Account is selected, it will default toSettlement Bank Account
Note:Settlement Bank Account can be found in Setup > Accounting > Payment Processing Profile.
Accounting Preference
Note:This can be found in Setup > Accounting > Accounting Preference > Item/Transactions > Default Payment Account.
Undeposited Funds