Memorizing Transactions in NetSuite

 

Memorized transactions reduce data entry and serve as a useful reminder. When you memorize a transaction, you setup the transaction to recur over time. You have the option to define whether the transaction automatically posts or if you are reminded to post it. You can set the frequency of the posting/reminder and the number of times.

Memorizing transactions are excellent for transaction with a fixed dollar amount that repeat over time. Examples:

For our example we will be setting up a Memorized Transaction for an Equipment Lease Payment.

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The Memorized Transaction for Empire Financial – Equipment Lease has been saved and will automatically post 5/15/2014 and for the remaining 35 months.

To view or make changes to the Memorized Transaction:

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Other Memorized Transaction Tips:

To view or make changes to the Memorized Transaction: