Netting

Netting Software for Partners You Both Buy From and Sell To

In circular businesses, the same company is often your supplier on Monday and your customer on Tuesday. You buy their scrap, sell them finished material, take back returns, and issue credits. When every one of those transactions is paid and collected separately, cash goes out the door that should have been offset, and reconciling the partner's account takes hours.

Loop ERP's Netting offsets what you owe a partner against what they owe you, so you settle only the net balance and the books still show every transaction behind it.

What It Does
What is inventory and financial netting in an ERP?

Expanded Key Features

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PO and SO Netting

Spot when you are both buying from and selling to the same partner, and net those purchase and sales orders so only the difference is settled or invoiced.

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Inventory Quantity Netting

Offset returned or reprocessed quantities across warehouses, facilities, or divisions on paper instead of trucking the same material back and forth between sites.

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Accounts Payable and Receivable Netting

Offset what you owe a partner against what they owe you, then pay or collect only the net balance. Each offset carries through to the settlement with that partner.

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Returns and Replacement Netting

When a customer return leads to a replacement order, or a supplier sends a credit along with replacement goods, offset the related transactions so nothing is recorded twice.

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Component Netting for Disassembly and Reuse

When a returned unit is taken apart and its components go back into stock, net those parts against the original return so the credit and inventory stay aligned.

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Surplus and Obsolete Stock Offset

See where surplus or obsolete stock at one location could cover demand at another location, or for a substitute item, before you buy more or write it off.

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Audit-Ready Transaction Matching

Every netting entry is logged with references back to the original tickets, orders, bills, and invoices, so auditors and partners can follow how each balance was reached.

Netting Built for Two-Way Partners

Circular Netting

Netting Built for Two-Way Partners

With Loop ERP Netting, you can:

  • Pay or collect only the net balance with dual-role partners
  • Cut redundant shipments, bills, and payments
  • Keep returns, credits, and replacements from being recorded twice
  • Show partners exactly how each net amount was calculated

Every offset stays tied to the tickets, orders, and invoices behind it.

Pay or Collect Only the Balance

Netting keeps two-way partner relationships simple, so you move less cash and spend less time reconciling while every original transaction stays on the record.

Schedule a Demo
Pay or Collect Only the Balance

Blogs

Latest Insights

See All Blogs
Year-End Physical Inventory: How to Get Your ERP Data Ready Before Count Day

October 21, 2026

Year-End Physical Inventory: How to Get Your ERP Data Ready Before Count Day

EPR Deadlines Are Coming: What Scrap and Recycling Operations Need to Report Before Year-End

October 15, 2026

EPR Deadlines Are Coming: What Scrap and Recycling Operations Need to Report Before Year-End

Weight Tickets, Cost Per Ton, and ERP: How Aggregate Producers Connect Operations to Finance

October 9, 2026

Weight Tickets, Cost Per Ton, and ERP: How Aggregate Producers Connect Operations to Finance

See All Blogs
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Talk with Loop ERP

See how Loop ERP connects scale tickets, dispatch, inventory, settlements, and NetSuite financials in one system, with no exports, re-entry, or month-end reconciliation.

  • Your workflow, live. Walk a load from the scale ticket to the general ledger in NetSuite.
  • Industry experts. Talk with people who know scrap, recycling, aggregates, and brokerage.
  • A clear next step. Leave with a picture of what implementation looks like for your operation.

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Frequently Asked Questions

Everything you need to know about Loop ERP

Can Loop ERP handle large-scale operations?

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Yes. Loop ERP is built on NetSuite, the same platform used by enterprise operators, multi-site businesses, and high-volume processors. It handles multi-entity accounting, consolidated reporting across locations, high daily transaction volumes, and complex settlement structures without slowing down. If you are running one site today and five next year, you do not need to replatform to keep up.

How long does it take to implement Loop ERP?

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Implementation time varies, depending on the number of locations, material streams, and integrations involved (scales, cameras, payment processors, third-party logistics). The Loop ERP team handles data migration, workflow configuration, integration, and training in parallel, and we work directly with your operations leads, not just IT, so the system matches how your business actually runs on day one.

What support does Loop ERP offer?

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Loop ERP provides implementation support, training for operations and finance teams, and ongoing technical support after go-live. Clients get access to documentation, how-to guides, and direct consultation with our team for troubleshooting, configuration changes, and new workflow setup. Support is handled by people who understand the difference between a ticketing issue and a grading exception, not a generic help desk working from a script.

How secure is Loop ERP?

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Loop ERP runs on Oracle NetSuite, so your data lives inside enterprise cloud infrastructure with encryption in transit and at rest, role-based access, and audit logging on every transaction. Ticket edits, grade changes, and settlement adjustments all carry a user stamp and timestamp. If a record is overridden or reclassified, you can see who did it and when, which matters for disputes, audits, and internal controls.

How does AP and AR netting work in Loop ERP?

When a partner is both a supplier and a customer, Loop ERP matches what you owe them, such as vendor bills from inbound tickets, against what they owe you on open invoices. The offset is applied and only the difference is paid or collected. The original bills and invoices stay on the books, each linked to the netting entry that cleared it.

Can I pay several inbound tickets at once?

Yes. The Pay Multiple Inbound Tickets screen lets you select a supplier's open tickets and pay them in one step instead of one by one. When that supplier also buys material from you, netting reduces the payment to the balance left after what they owe you, and each ticket stays linked to the payment.

Does netting change our accounting or hide transactions?

No. Netting does not replace or delete the underlying transactions. Purchases, sales, bills, and invoices are still recorded in NetSuite at their full amounts. Netting reduces the cash that moves to the net balance and clears the matched AP and AR, with a logged entry that references each original record. Auditors can trace every net payment back to its sources.

Can netting apply to inventory as well as payments?

Yes. Beyond AP and AR, Loop ERP can net returns against replacement orders, net recovered components against the returns they came from, and offset quantities across warehouses or divisions instead of shipping material back and forth. It can also point out where surplus or obsolete stock at one location could cover demand somewhere else.