CAM (IO) - NetSuite v3.3.0 release notes, February 2020

What’s new

Third-party payments

New “Create payments from third-party transactions” setting

The “Create payments from third-party transactions” checkbox lets you enable or disable creating payments from third-party transactions.

• When enabled: the Cash Application Manager App creates payments for multiple customer invoices that are paid via a single payment transaction.
• If left unchecked: the App will not create any payments and mark these third-party transactions as “Error/Skipped.”

Enhanced logic for creating payments from third-party transactions

We’ve added logical checks to the third-party transaction settings so that there are minimal errors in creating payments in NetSuite.  

• The enhanced feature does not create payments for invoices where:
  • Transaction amount is less than the invoice total
    Previously, the Cash Application Manager App would create payments in NetSuite for the wrong amount or Customers. The App now marks such transactions as “Error/Skipped.”
  • Bank file has no invoice amount and open amount total is more than the transaction amount
    Previously, the Cash Application Manager App created payments for the open amount on invoices in a sequential manner. Once the funds were utilized, the App would skip creating payments for transaction amounts or open invoices. The App now marks such transactions as “Error/Skipped.
• The enhanced logic now creates payments for:
  • NetSuite Invoice Open Amount when the Bank doesn’t send the amounts for Invoices

What’s enhanced

No more incomplete information in your Transactions Memos

Most Transaction records have a memo field. The Cash Application Manager App syncs Transaction data from the Bank File to NetSuite Cash Application Transaction. Previously, the Transaction Memo field had a character limit of 4000 characters. This would result in incomplete memos that provided little or no information about the Transaction. We’ve enhanced the Transaction Memo field to allow 100,000 characters. You can now view the complete memo.

Map CashApp Transaction with Journal Entry Sublist fields

The Cash Application Manager App creates a Journal Entry for invoices where the Transaction Amount is less the Total Invoice Amount. You can now add line-level mappings for Journal Entry to your bank file.