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NetSuite Invoice Groups Feature

netsuite invoice groups feature

NetSuite’s Invoice Groups functionality helps businesses consolidate multiple customer invoices into a single grouped invoice. This feature streamlines billing and improves the customer experience by reducing the number of documents sent per transaction cycle. To activate this capability, navigate to Setup > Company > Enable Features. Then, open the Transactions tab and locate Group Invoices under the Billing section. You can disable this feature later if needed.

Autogenerate Default Invoices

After enabling Invoice Groups, head to the Autogenerated Numbers page. There, you can define a prefix or suffix and configure an autogenerated number specifically for Invoice Groups. Once set up, the system adds a checkbox labeled Group Invoices or For Invoice Grouping to both Customer and Sales Transaction records.

If you check this box on a customer record, any new sales transactions for that customer will automatically be flagged for possible invoice grouping by default. However, checking this box on a sales transaction does not merge invoices automatically; it only marks them as eligible for future consolidation.

Implement Invoice Grouping

Once there are multiple eligible invoices for a single customer, you can group them by following this process:

Step 1: Go to Transactions > Sales > Group Invoices.

Step 2: On this screen, enter the customer name.

Step 3: All open invoices with the For Invoice Grouping checkbox selected for that customer will appear.

Step 4: Select the invoices you want to combine and finalize the grouping.

Important Considerations

The system allows grouping only for invoices that originate from Sales Orders. If needed, you can later undo a grouping. To do this, open the grouped invoice record, scroll to the Details section, and click the Ungroup Invoices button.

This functionality utilizes NetSuite’s Advanced PDF technology, allowing for customization of the layout and formatting of grouped invoice documents. It’s important to note that the General Ledger is impacted by the individual invoices involved, not by the grouped invoice record itself.

  • Updating & Auto-Generating NetSuite Transaction Numbers

  • NetSuite Optimization

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Frequently Asked Questions

What is the NetSuite Invoice Groups feature?

NetSuite Invoice Groups allows businesses to combine multiple transactions into a single consolidated invoice for a customer, simplifying billing and payment processing.

How does Invoice Groups improve billing efficiency?

Invoice Groups reduce manual invoicing, minimize errors, and save time by automatically grouping related transactions into one invoice.

Can Invoice Groups be customized in NetSuite?

Yes, NetSuite allows you to define grouping rules based on customer, project, subsidiary, currency, or other criteria according to your business needs.

Is the Invoice Groups feature suitable for multi-subsidiary businesses?

Yes, NetSuite Invoice Groups supports multi-subsidiary and multi-currency environments, making it ideal for global businesses.

Does Invoice Groups affect reporting in NetSuite?

No, individual transactions remain traceable while still being consolidated into grouped invoices, ensuring accurate and transparent reporting.