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Cash application in NetSuite 

Learn how Centime posts payments and deposits to NetSuite. 

Step 1: Payment is authorized 

  • Centime posts Payment to Undeposited Funds GL for all invoices included in the transaction.  
  • If applicable Centime posts:  
    • Journal Entry to Discount GL 
    • Journal Entry to Surcharge GL 

Step 2: Settlement is pushed 

  • Centime creates Deposit to the Bank Account GL for all payments included in the settlement.

  • Centime creates a Chargeback line in the Deposit for the Transaction Fee which includes all processing fees deducted from deposit.