Cash Flow Item Default Logic For China Cash Flow Values In Transactions

NetSuite China Localization uses the following lookup logic to fill China Cash Flow Item automatically while creating AP and AR transactions. This automated feature helps reduce the users workload in creating transactions.

Cash Flow Logic for Cash Flow Statement Report:

• For Items that are used only for purchases or sales:

  • The China Cash Flow Item value defined in the Item record will be prioritized. See Setting Up China Cash Flow Item for Inventory Items.

  • If there is no China Cash Flow Item value defined in the item record, the China Cash Flow Item value defined in the Item record's selected account will be used. See Setting up China Cash Flow Item for Chart of Accounts.

• For Items that can be used in both sales and purchases:

  • China Cash Flow Item values defined in the chart of accounts will be used. Make sure that these are defined in the chart of accounts. These will be left blank if there is none defined.

  • When used in a purchase transaction, the China Cash Flow Item value defined on its Expense or Cost Of Goods Sold (COGS) account will be used.

  • When used in a sales transaction, the China Cash Flow Item value defined in its Income account will be used. The following table describes the specific Cash Flow Item used:

    Item Type	Cash Flow Item for Account
    Assembly/Bill of Materials	Income for Accounts Receivable, Assets for Accounts Payable
    Lot Numbered	Income for Accounts Receivable, Assets for Accounts Payable
    Serialized	Income for Accounts Receivable, Assets for Accounts Payable
    Inventory Item	Income for Accounts Receivable, Assets for Accounts Payable
    Lot Numbered	Income for Accounts Receivable, Assets for Accounts Payable
    Serialized	Income for Accounts Receivable, Assets for Accounts Payable
    Non-inventory Item
    For Resale	Income for Accounts Receivable, Expense for Accounts Payable
    Other Charge
    For Resale	Income for Accounts Receivable, Expense for Accounts Payable
    Service
    For Resale	Income for Accounts Receivable, Expense for Accounts Payable

• For Cost Categories, the China Cash Flow Item value defined in its account in the chart of accounts will be used. See Setting up China Cash Flow Item for Chart of Accounts.

• If your transactions in a subsidiary make use of a unique account for either accounts payable or accounts receivable, you can use the subsidiary default. This feature automatically categorizes your transactions accordingly to your set accounts for accounts payable and accounts receivable. Configuring this will enable you to categorize your transactions without configuring the China Cash Flow Item field value for all of your items. For more information, see Setting Up China Cash Flow Item for Subsidiary.

  • Configuring this automatically completes the Cash Flow Item field when creating journal entries. See Override China Cash Flow Item When Making Journal Entries.

  • The value for the China Cash Flow Item field in the chart of accounts or on the item record will supersede the subsidiary default.

• The China Cash Flow Item category set at the line item level takes priority over the Cash Flow Item category set in the transaction record by default. To make the classification at the transaction record be prioritized, enable the Use Header CFI Value to Override Line Items Under the Subtabs in your subsidiary settings. For more information, see Setting Up China Cash Flow Item for Subsidiary.

  The following are the supported transactions for the Use Header CFI Value to Override Line Items Under the Subtabs setting:

  • Vendor Payment

  • Vendor Prepayment (with sub items collected through associated Vendor Prepayment Applications)

  • Customer Payment

  • Deposits

  • Cash Sales

  • Cash Refund

  • Checks

• Cash Flow Items selected for Deposit transactions are supported. China Localization collects China Cash Flow Item information for the following deposits:

  • Payments

  • Other Deposits

  • Cash Back

General Notices