What does the 'Make Deposits' feature allow a company to do?

The 'Make Deposits' feature in NetSuite is designed to facilitate the recording of cash that a company receives. This functionality is crucial for accurately tracking the inflow of cash, especially when it comes from sources unrelated to prior sales or transactions. Companies often have situations where they receive payments that are not tied directly to invoices, such as refunds, overpayments, or miscellaneous income. The ability to record these kinds of cash receipts accurately ensures that the company's financial records reflect the true state of their cash position.

This feature streamlines the accounts receivable and cash management processes, making it easier for financial teams to keep track of their funds and integrate those figures into broader financial reports.