Procure to Pay Transactions in NetSuite

What does the procure to pay process look like in NetSuite? What are the key procure to pay transactions that NetSuite uses to manage each step of your company's purchases?
If you don't know the answers to those questions--then this video is for you! In this video, we take a look at the features you need to enable for this process to work fully, walk through the procure to pay workflow, and discover how each one of the four procure to pay transactions in NetSuite works.
00:00 Procure to Pay transactions in NetSuite
00:27 Procure to Pay features you need to enable
00:55 The Purchase Request Record in NetSuite
01:22 The Purchase Order Record in NetSuite
01:45 The Item Receipt Record in NetSuite
02:33 The Vendor Bill Record in NetSuite
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Are you more of a blog-reader than a video-watcher? No problem-you can read our blog on this topic here: suiterep.com/2022/05/24/procu...
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[@DelnaDomini]

item receipt has no GL impact? is that correct?

[@Advocate_307]

She is wrong here. Item receipt is a GL impacting transaction when the procured items are of inventory type. The goods are physically received in your warehouse meaning there is an impact on your inventory. GL impact will show an increase in the asset account and an increase in the accounts payable account. In NetSuite, upon recording a GRN you will find the GL impact tab if your procured items are of Inventory type. There won't be a GL impact for non- inventory items when users receive them.

[@suiterep2939]

@@Advocate_307 Thanks for the reply, Nisha! You are absolutely correct. We have edited out that part of the video to remove any confusion. Thanks again!

[@LiniAhansa]

Audio is too fast🤮. Unsubscribed the channel

[@suiterep2939]

Sorry to see you go! We do upload subtitles for all of our videos to provide an alternate way to process the information, if that helps. Best of luck on all your NetSuite endeavors! 💪

[@stan020265]

Yes a step is missing