Many organizations work with a specific set of Vendors in their business, whose information is captured and stored in Netsuite. This would help the finance team keep a track of all the vendors they work with and any outstanding payments.
In order to maintain this curated set of vendors, Fyle supports the import of vendors in Netsuite as Merchants to Fyle. This will allow the employees to choose from the list of vendors while filing an expense. This would avoid employees or card statements from creating new/duplicate vendor records.
Import Vendors From Netsuite As Merchants In Fyle
To enable this feature,
Log in to your Fyle- Netsuite integration using your Fyle Admin credentials.
Head to Configurations > General.
Enable the Import Netsuite Vendors as Merchants to Fyle toggle button.
With this setting enabled, an admin can successfully import and use the Vendors from Netsuite in Fyle. This ensures that all the expenses are coded to the right vendor record when expense data is exported from Fyle.
Using the imported list in the expense form
The image below shows how the imported list shows up in the expense form for the employee to choose from while filing an expense.
Currently, Fyle does not allow employees to create new vendor records as this would clutter the curated vendor list that the accountant is maintaining in Netsuite. However, every new vendor added in Netsuite will be imported to Fyle to be used in the expense form.
Any transaction made with a vendor that doesn't exist in Netsuite will get posted to the Default Credit Card Vendor configured on the General Mappings page.
Do reach out to us at [email protected] if you need any assistance setting this up.