Financials – Page 6 – knowledgebase JJ

Features of India localization tax bundle

Supported Features The India Localization SuiteTax Engine provides the following features that are specific to India business tax requirements: ■ Manage and calculate Tax Deduction at Source (TDS) The TDS feature of the SuiteApp lets you perform the following processes: □ Create tax records for TDS calculation such as tax codes (Section Code and Challan… Continue reading Features of India localization tax bundle

Subsidiary Hierarchy Planning

Before creating the subsidiary, we must have planning regarding the hierarchy of the subsidiaries. We must define the parent, child, and its structure. The important points we have to note before going to create the subsidiary are, The country we select while creating the subsidiary is automatically determines the first tax nexuses and NetSuite edition… Continue reading Subsidiary Hierarchy Planning

“Invalid Canadian Tax Code: xxx-xxxx” on Sales Order with Canadian Shipping Address.

Issue: While creating sales order with Canadian tax code and body level discount item, The error message is showing like this Solution: When transaction used a tax code as the tax item per lookup, system will throw “Invalid Canadian Tax Code: xxx-xx” notice since for Canada Tax, system required Tax Groups to be used instead… Continue reading “Invalid Canadian Tax Code: xxx-xxxx” on Sales Order with Canadian Shipping Address.

An Unexpected error occurred when 3-way match vendor bill is turn on

Subsidiary Reorganization

This topic includes the details about the subsidiary reorganization or subsidiary hierarchy change and the steps to be followed in doing subsidiary hierarchy change.

How to set up user access with email notification to Employees

Go to List > Employees > Employees Select the employee record that you want to give the user access to with email notification. Under the ‘ Access’ subtab, check the box ” Give Access” and also check the box ” Send New access notification email” box.

VAT 100 Report Shows Incorrect Amounts

VAT 100 Report shows incorrect amounts. Scenarios1. Amounts have increased for the period.2. Amounts for the previous periods have changed.3. The VAT 100 report may show net amount as VAT and the gross amount as Net Amount.4. Drill down reports may also show incorrect values. A possible reason for this is if the account is still using the… Continue reading VAT 100 Report Shows Incorrect Amounts

Reports – UK VAT 100 There are No Values on the Boxes when Select Tax Period and Refresh

1. Create a saved search of Transactions to verify the tax period assigned on the transactions. The transactions that are supposed to show on the report: Via Lists > Search > Saved Search > Transactions On Criteria: enter filter for Type = select invoice, cash sales or bills On the Results tab: make sure that Tax Period is selected as a Column Preview the search 2.… Continue reading Reports – UK VAT 100 There are No Values on the Boxes when Select Tax Period and Refresh

Some csv imports that have reopened previously paid and reconciled payments to vendors.

Transactions reopended when CSV import done

Open invoice and csv import

An open invoice is a detailed document that shows the amount owed and the due date of the payment. Generally the invoice is sent by vendors to the accounting department or accounts payable department of the company that owes them. The invoice can also show if there is any past due amount from previous transactions… Continue reading Open invoice and csv import