When you allocate a journal entry against an invoice in Oracle NetSuite, that payment now syncs into Re-Leased automatically. The invoice will reflect the correct paid or partially paid status, with the payment method displayed as Journal Entry. This removes the need to manually reconcile journal-based payments between the two systems.
Overview
In NetSuite, journal entries are commonly used to transfer balances between chart of accounts or contacts. When a journal entry is then allocated against an invoice (either fully or partially), it functions as a payment. Re-Leased now recognises these journal allocations and syncs them as payments on the corresponding invoice.
What You'll See in Re-Leased
When a journal entry payment syncs successfully, you'll see the following in Re-Leased:
- The invoice status updates to Paid or Partially Paid, depending on the allocated amount.
- The payment record shows Journal Entry as the payment method.
- The payment amount matches the journal allocation applied in NetSuite.
Limitations
Be aware of the following limitations when using journal entry payments with Re-Leased:
- Voiding or reversing journal entries - If a journal entry is voided or reversed in NetSuite, this will not sync to Re-Leased. You will need to manage the reversal manually.
- Unallocated journal entries - Standalone journal entries that have not been applied to an invoice will not sync to Re-Leased. Only journals allocated against an invoice are supported.
- Journal entries as standalone entities - Journal entries do not sync as their own record type in Re-Leased. They only appear as payments when allocated to an invoice.
- Intercompany journals - Only standard journal entries are supported. Intercompany journal entries will not sync.
- Deposit payments - NetSuite deposit payments are handled separately and are not covered by this feature.
- Balance allocations - Journal-based balance allocations within NetSuite ledgers are not reflected in Re-Leased.