Partial Payments - New (NetSuite)

you can now make partial payments of your bills directly within the plugin this feature gives you the flexibility to pay only a portion of a bill, supporting various business needs and helping you better manage your cash flow making partial payments follow these steps to make your first partial payment modify the to pay amount the to pay column is now modifiable you can enter any amount as long as the to pay amount is greater than 0 the to pay amount is not more than the amount due the discount applied credits applied add any applicable credits/discounts partial payments can be used in combination with credits and discounts refer to the applying bills credits during payments guide for more information select the bills to pay select the bills you would like to pay you can add multiple bills (even with partial payments) to one payment run confirm payments confirm the payments to complete your first partial payment the bill(s) you've partially paid will remain on the pay page they will show the updated outstanding amount due, allowing you to make future payments until the balance is fully settled tracking partial payments check payment status in payment history using the main navigation bar, go to accounts payable (new) → payments → history view the payment status and bills included each bill shows the partial amount paid discount applied payment status once the payment is complete, the status will display as completed payments take four business days to appear as completed in the plugin since there is no positive acknowledgment from the receiving bank track all payments for a specific bill to see all previous payments made for a bill (including multiple partial payments) go to accounts payable (new) → payments → history use the bill number filter to search for the specific bill all payments applied to that bill will appear in the results this is useful when you've made multiple partial payments and want to see the full payment history for one bill additional payment details in netsuite for reference, the bank plugin also records payment information directly on the bill in netsuite custom field on bill form shows details from the latest payment attempt only bill → history → payments tab shows all payments applied to the bill in the native netsuite bill record faqs do i need specific permissions to use partial payments? no, users who already have the permissions will be able to make partial payments why can i not see the payment information on the bill record when i do multiple partial payments? the plugin will overwrite the custom fields every time there is a new payment made against that bill only the payment information from the latest payment is made available this is a technical limitation with how netsuite stores the information on this record we have improved the history page to accommodate this can i combine partial payments with full payments in the same payment run? yes you can mix partial and full payments in a single payment run some bills can be paid in full while others are paid partially the plugin can process them all together what's the minimum amount i can pay on a partial payment? the partial payment amount must be greater than $0 and cannot exceed the outstanding balance minus any discounts or credits applied there is no other minimum amount restriction will the vendor receive a remittance email for each partial payment? yes each partial payment generates a separate remittance email (if remittance is enabled) the vendor receives an email for every payment, including partial payments, showing the amount paid and remaining balance can i schedule a partial payment for a future date? yes partial payments work with scheduled payments click schedule payments instead of start payment run, enter the partial amount, select the date, and the partial payment will process on the scheduled date how do partial payments appear in netsuite? in netsuite, partial payments are recorded as individual payment transactions linked to the bill the bill shows the total amount, amount paid, and remaining balance you can view all payments applied to a bill in the bill's payment subtab