Prior to report generation, you must set up the fiscal calender of your accounting periods as StandardFiscal Calendar. This is to ensure the reports data generated by the SuiteApp will be correct. Go to Setup > Accounting > Manage Accounting Periods On the manage accounting period setup a full fincial year. Select the Fiscal calendar… Continue reading Setting Up Accounting Periods for India Localization SuiteTax Reports
Author: Vishnu Mohan
Configuring Amortization Preferences
Once the Amortization feature has been activated, it becomes necessary to define your amortization preferences. This process can be accomplished as follows: Navigate to the ‘Setup’ menu and select ‘Accounting’ followed by ‘Accounting Preferences.’ Proceed to the ‘General’ subtab. Customize the following preferences to align with your requirements:In the ‘Revenue Recognition’ section: “Use System Percentage… Continue reading Configuring Amortization Preferences
How to change the subsidiary Hierarchy
For changing the subsidiary hierarchy user should set the ALLOW SUBSIDIARY HIERARCHY TO BE MODIFIED [MAX: 30 DAYS] Got to set up> company> Genaral Preferences After setup a max date for the subsidiary hierarchy to be modified. Edit the subsidiary now the parent-subsidiary field is editable change the parent and click save. Please note the… Continue reading How to change the subsidiary Hierarchy
How to create a saved search of Item receipts with no landed cost associated
Scenario: The user wants a saved search that lists all item receipts that have no landed cost associated with it. Create a transaction search, define the type = item receipt identify the Chart of accounts of accounts which is used for storing the landed cost GL impact Please find the criteria and results used in… Continue reading How to create a saved search of Item receipts with no landed cost associated
Setting up the LUT Bond Details
For sales transactions for export (International) with the payment of Tax we must setup a LUT or Bond details record. After creation we can apply the same to the transaction if the Export Type is set to With LUT or Bond. To setup a LUT or Bond details Go to Setup > India Localization >… Continue reading Setting up the LUT Bond Details
Electronic Invoice Processing Errors
following are the common processing errors that we can expect while generating or certifying e-invoice Error Code Message on E-Document Audit Trail Solution 101 Invoice already exists on the Invoice Registration Portal (IRP) portal. Verify the transaction record and then try again. 201 The user ID is not registered or signed up for e-invoice Enter… Continue reading Electronic Invoice Processing Errors
Configuring E-document templates and sending methods
E-document templates are the templates or the format that we use for sending the data, the templates will be in JSON format. To assign e-document templates and sending methods to subsidiaries 1Go to Setup > E–Documents > E–Document Templates. 2Edit the created or existing template that we need to change the subsidiary context 3On the… Continue reading Configuring E-document templates and sending methods
How to create a Custom field in the address form
To add a custom field in the address form Step1: create other record field: Goto Customization> List record & Fields> other record field: E.g. Step 2: Go to Goto Customization> forms> Address forms Customize and create a new form and check the custom field show Step: 3 Select the country you wish to add this… Continue reading How to create a Custom field in the address form
Inventory Cost Template on Items Using Standard Costing
The Inventory Cost Template in NetSuite serves the purpose of enabling items that follow the Standing Costing method to incorporate an additional expense in addition to the item’s regular purchase cost. For instance, suppose an item’s standard cost is $10. In addition to this cost, the vendor applies a shipping cost of, let’s say, 10%… Continue reading Inventory Cost Template on Items Using Standard Costing
Adding Owner IDs in Subsidiary Records
You must add owner IDs for each tax registration number in a subsidiary record. These owner IDs are used for authentication during the certification process. Your GSP will provide these IDs. To add owner IDs for tax registration numbers in a subsidiary record: Go to a subsidiary record. Click the Tax Registrations subtab. In the Owner ID… Continue reading Adding Owner IDs in Subsidiary Records