QG-79
In the scenario of QIMA,there will be unapproved PO’s at month end which causes an inaccurate expense report.They are processing PO outside NetSuite because of the managerial delay in approving the PO to bill and they are getting invoice from the vendor too.The secnario demands the Gl impact of bill and at the same time payment should be done only when it gets approved by the respective authority. Here qima uses Indian tax bundle for tax report.
As a solution when we are moving the creation of Journal entries ,it will hit financial reports and null effect on Tax reports as the are generating tax report using Indian tax bundle.Netsuite only supports the standard practices and here we are recreating bill effect and actual bill generation will happen in another time.
This points towards one of the limitation of India tax bundle. NetSuite says’ If there are tax related adjustments made for a sales or purchase transaction using a journal entry, it will not be included in the tax reports. Summarize the amount and manually adjust the tax reports.’