In NetSuite, every posting transaction—including customer invoices—flows to the General Ledger. The G/L aggregates (summarizes) the debits to Accounts Receivable and the credits to revenue accounts; these summarized amounts are then used when NetSuite generates formal financial statements. Income Statement and Balance Sheet display only the resulting account totals, not the invoices themselves. Therefore the statement on which invoices are actually summarized is the General Ledger report.

A. Income Statement – shows revenue totals, not the individual or summarized invoices that create those totals.

B. Balance Sheet – displays the Accounts Receivable balance, not the underlying invoice summary.

C. Accounts Payable Aging – tracks vendor bills, not customer invoices.

1. Oracle NetSuite Help Center

“Posting Transactions to the General Ledger

” Accounting > General Ledger (2024.1)

para. 1–2: explains that invoices post to and are summarized in the G/L.

2. Oracle NetSuite Help Center

“General Ledger Report

” Reports > Financial > General Ledger

para. 1: describes the report as summarizing every posting transaction

including invoices.

3. Oracle NetSuite Help Center

“Financial Statements Overview

” Reports > Financial Statements

para. 3: distinguishes G/L transaction summaries from the high-level totals shown on Income Statement and Balance Sheet.