How does this Parent-Child relationship work for Customer Record?
1. User will notice that Child records' transactions are displaying in the Parent Record.
2. If Consolidated Payments feature is enabled in NetSuite Account, user will be allowed to Apply Payments Through Top-Level Customers Only. (Please see Setup > Company Enabled Feature > Accounting Tab; andSetup > Accounting > Accounting Preferences > General Tab > Apply Payments Through Top-Level Customers Only)
3. User may establish the Parent-Child relationship either from the parent record or child record.
4. In report, user will notice that the Child records are indented and appear below the parent record.
5. Meanwhile in Search, Parent and Child records are separated by colon
6. Regarding the Credit Limit, Child records do not inherit the parent's credit limit.
List > Relationships > Customers > Edit Parent Customer > Credit Limit Handling will be based on parent customer's assigned credit limit.
1. Assign hold procedure and credit limit to the parent customer.
2. Do not assign credit limit to the children.
Navigate to the following Setups:
1. Setup > Company > Enable Features > Accounting tab > Consolidated Payments = True.
2. Setup > Accounting > Accounting Preferences > General tab > Accounts receivable section > Customer Credit Limit Handling then, select how you want to handle credit limit.
3. Setup > Accounting > Accounting Preferences > Apply Payments Through Top-Level Customers Only = True.
This means every time you create a transaction and the customer exceeded the credit limit assigned to the parent then a warning message will prompt telling you that the customer has already reached the maximum credit limit assigned.
7. To determine the balance, you may look for these information under Financial Tab of the Customer record > Balance Information Section.
8. Balances displaying in the AR Aging report should be equal to the balance showing in the Financial Tab of the Customer record.