NetSuite: In-transit Payment for Accounts Payable (Cash Management)

NetSuite update: It is now possible to indicate when a payment to a vendor is “in Transit”.

This allows you to:

• Accurately track the status of a payment related to vendors
• Accurately generate forecasting with Cash Balances reflecting account balances when funds have not reached the bank
• Eliminate multiple applications, such as spreadsheets and third-party solutions, to view accurate cash balance for status and forecasting