Amortization Schedule Integration with NetSuite

TABLE OF CONTENTS

• How Amortization Schedule Integration Helps Control Your Spend
• How the Integration Works
• Enabling Amortization Template Sync
• Created Fields in Precoro
  • 1. NetSuite Amortization Schedule
  • 2. Amortization Start Date
  • 3. Amortization End Date
• How to Enter Amortization Data in Invoices
• Integration with NetSuite

How Amortization Schedule Integration Helps Control Your Spend

Amortization Schedules in NetSuite help you to distribute expenses over a specific period of time. An Amortization Schedule defines how and when an expense amount should be recognized gradually instead of being recorded in full at the time of the transaction.

NetSuite integration supports automatic synchronization of NetSuite Amortization Templates and allows you to define amortization parameters directly in Precoro when creating invoices.

How the Integration Works

The integration allows Precoro to import Amortization Templates from NetSuite and use them during invoice creation.

Once this functionality is enabled, you can specify the following fields directly in the invoice form in Precoro:

1. Amortization Schedule

2. Amortization Start Date

3. Amortization End Date

These values will be sent to NetSuite on the item level when the invoice is integrated.

Enabling Amortization Template Sync

To enable this functionality, a new option is available in the SuiteApp settings. Please navigate to SuiteApp → Global Settings → Sync New Records By Default and enable the Amortization Schedule checkbox.

When this checkbox is enabled, Precoro imports NetSuite Amortization Templates where the Type is set to Standard.

Created Fields in Precoro

When the integration is enabled, Precoro automatically creates the following Custom Item Fields.

1. NetSuite Amortization Schedule

The dropdown options contain names of Amortization Templates from NetSuite.

2. Amortization Start Date

3. Amortization End Date

How to Enter Amortization Data in Invoices

When creating an invoice in Precoro, you can optionally specify amortization parameters explained in the previous section:

1. NetSuite Amortization Schedule

2. Amortization Start Date

3. Amortization End Date

The following rules apply when you fill out these fields:

1. NetSuite Amortization Schedule is optional. You can create invoices without selecting it.

2. If NetSuite Amortization Schedule is selected:

   1. Amortization Start Date becomes required.

   2. Amortization End Date becomes required.

3. Date validation: Amortization End Date must be greater than Amortization Start Date.

Integration with NetSuite

When an invoice is sent to NetSuite, the following values are passed as part of the invoice data:

1. Amortization Schedule

2. Amortization Start Date

3. Amortization End Date