Vendor Payments in NetSuite streamline the process of paying suppliers or vendors for goods and services received. Ensuring accurate and timely payments is crucial for maintaining strong vendor relationships and keeping financial records current.

With ExtendInsights Data Management for NetSuite, handling vendor payments becomes effortless. In just a few clicks, you can create vendor payments to settle outstanding bills. You have the flexibility to make single payments or pay multiple vendors at once.

Discover how easy it is—watch the video below to learn more!

💡 Tip: It is best to check out the forms and fields and identify the header, column, and required fields in NetSuite that you may need to build the template.

If you are using NetSuite Classic Interface you can go to:

Path: Transactions > Payables > Pay Bill

The key to creating vendor payment is to ensure that you are able to reference the line(s) from your Vendor Bill that you want to settle. We recommend that you load your original Vendor Bill into ExtendInsights for easy reference. In a separate tab, load an Vendor Payment template.

Since you have Vendor Payment ready to be populated, you can copy and paste or use a formula from your Vendor Bill to your Vendor Payment template.

Send the record to NetSuite, click Upload to NetSuite, and hit the Upload Records button.

Once posted the status of the Vendor Bill will be updated from Open to Paid in Full. Go to the HIstory> Payment tab to view the Bill Payment created.