In the past, we've found that our clients favored having a feature that allows them to receive payments from their customers in currencies other than the default currency in the sales invoice. Being a committed NetSuite service provider, we took up the challenge and built a NetSuite application that gives clients this capability.Our in-house team of NetSuite experts helped us find a comprehensive solution called “Customer Payment App”. This application assists the user with maintaining and updating records when any of their customers process payments in currencies different from the sales invoice currency.
Consider a scenario where the user has raised an invoice in USD currency, but the customer prefers to make the payment in GBP currency. Once the customer has made the payment in GBP currency, they can select the invoice number and the currency with which they have made the payment using the custom suitelet. Once this is saved, two entries are generated. The first entry is the standard customer payment with the current invoice number. The second entry contains details about the internal funds transfer created between the payment currency and sales invoice currency bank accounts.
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