Closing Open POs

When POs are set up and billed against correctly, NetSuite will automatically close out the PO as soon as it's fully billed. However, if the bill isn't tied to the PO properly, or if the ultimate amount that was billed was less than the original PO, then the system may not close out the PO. This can lead to a pile up of open POs clogging up your view.

Although PO’s do not affect your financials, it is best practice to review and clean up monthly. This will allow you to make sure you are expensing against them in a timely manner, which is especially important if you are using time sensitive funding to pay for these vendors. 

An accurate and clean open PO list will also allow you to forecast your financials based on your up-to-date open PO balances.