Enabling Basic Transaction Features

Some transaction features create system-generated accounts when enabled. These accounts are included in the descriptions.

Processed lines for certain transaction types contribute to the Monthly Transaction Lines metric that counts toward maximum limits for your NetSuite service tier. For more information, see Transaction Types Included in Transaction Types Included in Monthly Transaction Lines Metric.

Administrators can enable the following features on the Transactions subtab of the Enable Features page at Setup > Company > Enable Features.

Feature	Description
Estimates	Provide estimates to your customers, then convert them into invoices. Note: This feature creates a system-generated Estimates account when enabled.
Sales Orders	Track customer orders, then convert them into invoices. Note: This feature creates a system-generated Sales Orders account when enabled.
Return Authorizations	Track approved returns with return authorization numbers. Note: This feature creates a system-generated Return Authorizations account when enabled.
Purchase Orders	Create purchase orders, receive items, and generate bills from receipts. Note: This feature creates a system-generated Purchase Orders account when you enable it.
Vendor Return Authorizations	Track items you return to vendors with this feature. Note: When enabled, this feature creates the system-generated Vendor Return Authorizations and Purchases Returned Not Credited accounts.
Request for Quote	Send a request to one or more vendors asking them to provide specifics about their pricing, terms and conditions concerning a purchase contract for a product they sell.
Requisitions	Use Requisition transactions to initiate the purchasing process when an employee or company representative needs something that must be purchased using company funds. The person requesting the purchase (requestor) specifies which items, services or expenses they need a buyer to purchase. Buyers can then use requisitions to create the purchase orders necessary to fulfill the requisition requests. Note: This feature creates the system-generated Requisitions account when enabled.
Purchase Contracts	Purchasing managers and buyers can use contracted terms, pricing, and delivery schedules when purchasing materials for a company. For example, instead of basing terms and pricing only on a specific purchase order, buyers can automatically use quantity-based terms and discounts derived from an annual volume of goods or services purchased.
Blanket Purchase Orders	Improve buyer efficiency and accuracy and potentially reduce procurement spending. Blanket purchase orders define a predetermined price for a set quantity of items you buy from a vendor during a time period. The blanket purchase order specifies the item, price, quantity, terms, and effective time period.
Related SuiteApps Advanced Procurement Approvals Warranty and Repairs Management NetSuite Approvals Workflow	For more information, see the following: Using Standard SuiteFlow Workflows (SuiteApps) for Approval Routing Warranty and Repairs Management SuiteApp

Feature

Description

Estimates

Provide estimates to your customers, then convert them into invoices.

Note:

This feature creates a system-generated Estimates account when enabled.

Sales Orders

Track customer orders, then convert them into invoices.

Note:

This feature creates a system-generated Sales Orders account when enabled.

Return Authorizations

Track approved returns with return authorization numbers.

Note:

This feature creates a system-generated Return Authorizations account when enabled.

Purchase Orders

Create purchase orders, receive items, and generate bills from receipts.

Note:

This feature creates a system-generated Purchase Orders account when you enable it.

Vendor Return Authorizations

Track items you return to vendors with this feature.

Note:

When enabled, this feature creates the system-generated Vendor Return Authorizations and Purchases Returned Not Credited accounts.

Request for Quote

Send a request to one or more vendors asking them to provide specifics about their pricing, terms and conditions concerning a purchase contract for a product they sell.

Requisitions

Use Requisition transactions to initiate the purchasing process when an employee or company representative needs something that must be purchased using company funds. The person requesting the purchase (requestor) specifies which items, services or expenses they need a buyer to purchase. Buyers can then use requisitions to create the purchase orders necessary to fulfill the requisition requests.

Note:

This feature creates the system-generated Requisitions account when enabled.

Purchase Contracts

Purchasing managers and buyers can use contracted terms, pricing, and delivery schedules when purchasing materials for a company. For example, instead of basing terms and pricing only on a specific purchase order, buyers can automatically use quantity-based terms and discounts derived from an annual volume of goods or services purchased.

Blanket Purchase Orders

Improve buyer efficiency and accuracy and potentially reduce procurement spending. Blanket purchase orders define a predetermined price for a set quantity of items you buy from a vendor during a time period. The blanket purchase order specifies the item, price, quantity, terms, and effective time period.

Related SuiteApps

Advanced Procurement Approvals
Warranty and Repairs Management
NetSuite Approvals Workflow

For more information, see the following:

Related Topics