Accounts Available for Use when Accepting Customer Payments

 

When you are accepting customer payment and if Expand Account Lists = True in Setup > Accounting >Accounting Preferences > General Tab > General Ledger Section, under the Accounts field, you will also have the ability to charge the payment directly to other Accounts that you have in NetSuite instead of just the Bank Accounts.

Here are the accounts that will be available for you to use in order of appearance on the list when you accept a customer payment:

1. Bank
2. Other Current Assets
3. Fixed Asset
4. Other Asset
5. Other Current Liability
6. Long Term Liability
7. Expense
8. Other Expense

On the contrary, these are the Accounts that will not be available on the dropdown list:

1. Accounts Receivable
2. Accounts Payable
3. Credit Card
4. Equity
5. Income
6. Cost of Goods Sold
7. Other Income
8. Deferred Revenue
9. Deferred Expense
10. Unbilled Receivable