Shared Vendor Bill NetSuite

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shared vendor bill netsuite

NetSuite’s vendor management system enables a business to effectively track all aspects of transaction lifecycle from initial sourcing, through order placement, receipt and payment – helping ensure efficient sourcing, ordering, receiving and payment processes.

NetSuite’s Shared Vendor Bill solution enables your team to allocate expenses across more than one location, department, subsidiary or class.

CloudExtend Excel

CloudExtend Excel is an integration solution offered by NetSuite that enables businesses to take advantage of Microsoft Excel to streamline business processes, increase visibility, collaboration and efficiency – as well as automate various processes such as entering vendor bills or managing financial transactions. It can help your organization streamline operations while improving visibility, collaboration and efficiency – an ideal tool for entering vendor bills and managing financial transactions.

Create Excel templates of NetSuite records and share them with other users to gain instantaneous access to data without using the NetSuite user interface, providing increased productivity, visibility and collaboration capabilities.

CloudExtend Excel can assist companies in more efficiently and accurately managing vendor bills, improving accuracy of data submission to accounting departments and streamlining the submission process of invoices from vendors to them. In turn, this helps reduce costs, speed up processes and avoid errors that might otherwise arise from this task.

Split Screen Mode

If your team is responsible for billing shared vendor accounts in Netsuite, using Split Screen Mode can make their task more efficient. This feature enables two applications to run side-by-side on one screen – saving time and minimizing errors.

To use this feature, launch the application you wish to run in split screen view and long press it. For Samsung devices, this can also be accomplished by tapping on “Recent Apps” at home screen level.

Step Two: Select an additional app to run alongside your first. For Android Pie through 13, drag-and-drop an application between apps as an easy way of switching them on/off.

Before using your app in split screen mode, ensure it resizes without crashing and that all essential UI elements remain visible and accessible. Perform several rapid resize operations to verify its behavior.

Vendor Credit Limits

Credit managers face one of the more time-consuming and complex tasks when it comes to setting and administering customer credit limits, from placing orders on hold until customers clear past dues, updating credit limits or updating preferences, or freezing accounts when customers exceed set limits.

The Sales Credit Limit feature enables you to proactively set and manage credit limits for customers according to business needs, while also implementing a Credit Hold policy to monitor payments from clients.

When creating sales orders that exceed partners’ credit limits, the system notifies and asks you to modify them so they no longer exceed them – saving you from manually freezing accounts when customers exceed them.

Another key advantage of this feature is proactively preventing duplicate invoices by setting the rate of goods differently on each purchase order, enabling faster and more accurate processing payments for vendors.


Transparency is key for any business, enabling you to share what’s happening within your organization and improve communication, while at the same time building trust among team members.

Transparency can be invaluable for your organization, no matter its size. By showing employees that you value their input and are open to listening to their ideas, transparency shows your employees that their opinions matter to you and are valued by you.

When vendors send invoices to your business, it is essential that you record them quickly and accurately so as to maintain good accounting practices while reducing costly errors.

Netsuite’s automated invoicing feature helps create fast and accurate bills for your vendors. The system captures bill details, cross-references them with purchase orders and delivery receipts, and flags any discrepancies so you can fix them as needed.

As soon as you receive an invoice from a vendor, it is advisable to compare it against what was ordered – this way you know you’re only paying for what has actually been provided to you.

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