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NetSuite OneWorld Implementation 2011 R2 by Thomas Foydel

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Cash management

We separated cash management from payment processing, because many OneWorld customers divide these functions among the accounting staff for internal control purposes. After checks, credit card charges, and wires are logged as payments against either an invoice or a cash sale by one staff member, another staff member prepares the bank deposit. Likewise, after vendor bills are generated in the system by one staff person, another staff person prints the checks and sends them to vendors.

Bank deposits

In the most common case, we use the bank deposit for a group of checks that come in the door through the postal service. In B2B sales, this is still the most common method of payment.

In this example, we want to print a deposit ticket ...

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