By what criteria are transactions categorized in NetSuite?

Transactions in NetSuite are categorized primarily by their type, which includes classifications such as sales, purchases, and cash transactions. This categorization is essential for effective financial management and reporting within the system. By organizing transactions based on their nature, users can easily generate reports, analyze performance, and make informed business decisions based on specific transaction categories.

For instance, distinguishing between sales and purchase transactions allows for clearer insights into revenue generation compared to expenditure, enabling businesses to manage their cash flow more effectively. This classification is integral to several functionalities in NetSuite, including accounting, reporting, and analytics, which rely on categorizing transactions to provide a comprehensive overview of the company's financial health.