NetSuite SuiteTax is a software system that helps businesses comply with tax laws and regulations while simplifying tax processes. Nevertheless, similar to other software solutions, SuiteTax has certain Limitations. The following are a few examples.
PRODUCT NAME
ADDITIONAL INFORMATION
NetSuite CRM
No plans to support this
NetSuite CRM+
No plans to support this
NetSuite JCurve
No plans to support this
NetSuite Small Business
No plans to support this
OpenAir
SuiteTax compatibility testing currently in progress.Some customers are using OpenAir with SuiteTax, however, we advise customers to do their own testing in a Sandbox.
NETSUITE FEATURE
ADDITIONAL INFORMATION
Advanced Promotions
This feature is being deprecated, and customers will need to migrate to SuitePromotions. –
Intercompany Cross-Subsidiary Fulfillment
Multiple Shipping Routes (MSR) is a prerequisite for this feature. MSR is not yet supported in SuiteTax.
Multi-Book Accounting
Multi-Book support for Country Tax Reports is still in progress. Currency translation of Tax Amount fields on secondary books is currently unavailable. Manual calculation (using formulas) is required when using saved searches/custom reports.
Multiple Shipping Routes (MSR)
Whilst mainly used in the US and Canada, MSR also applies to VAT countries if you charge shipping and handling at a line level and therefore need taxes calculated for these. In SuiteTax, with this feature, shipping rates do not have taxes both automatically calculated or the input by tax details override.
Store Pickup
This feature requires the NetSuite tax engine logic to be changed for the US. It is not currently supported.
SuiteAnalytics Connect
To query your SuiteTax data with SuiteAnalytics Connect Service, you must access the NetSuite2.com data source. However, Legacy tax records and fields are only accessible through the NetSuite.com data source.
Web Site
You can only enable SuiteTax if Site Builder websites are inactive or their Web Site Scope is set to ‘Information and Catalog’ or ‘Information Only.’ For all other Web Site Scopes, SiteBuilder is not supported by SuiteTax.
NETSUITE PREFERENCE
CATEGORY
ADDITIONAL INFORMATION
Combine Detail Items on Expense Reports
Accounting Preferences
Expense Reports with combined items will be uncombined once migrated to SuiteTax. One exception to this are expense reports where combined items have associated Tax Amounts applied. These expense reports will remain combined when migrated to SuiteTax and cannot be edited.
Combine Time Items on Invoices
Invoicing Preferences
Combine Expense Items on Invoices
Invoicing Preferences
Combine Billable Items on Invoices
Invoicing Preferences
International Tax Reports bundle with enabled Cash Basis preference
Commerce Preferences
The Cash Basis preference is currently unsupported by the SuiteTax Reports bundles in SuiteTax.
Customers currently using an incompatible version of SuiteCommerce Advanced must upgrade SuiteCommerce Advanced 2019.1 or later to use SuiteTax. SCA is currently compatible with U.S. and Canada accounts only
SuiteCommerce InStore
None
Not supported
No plans to support this currently.
Web Site
None
Not supported fully
You can only enable SuiteTax if Site Builder websites are inactive or their Web Site Scope is set to ‘Information and Catalog’ or ‘Information Only.’ There are no current plans to support SiteBuilder in SuiteTax.
TAX FUNCTIONALITIES/USE CASES
ADDITIONAL INFORMATION
Cash Basis Tax Reporting
No workaround available – NA
U.S. Use Tax
Tax fields are available on purchase transactions. Tax rates are also available, but users are required to select them manually on transactions.
Partially deductible VAT and reverse charge on partially deductible purchases
Tax Periods
SuiteTax does not support Tax Periods. We added a second date field Tax Point Date instead. Tax Point Date can be enabled at the Nexus level. Tax reports are based on this date field. – need details of tax point date and nexus level to comment.
Early Settlement Discounts
Tax calculation on early settlement discounts. To be able to use this functionality, you need to create your own customization. –
Withholding Tax
Withholding tax codes and tax rates are not automatically provisioned. Users will have to create them manually.
Withholding Tax on Payments
NetSuite SuiteTax Engine does not support Withholding Tax on Payments – ok, we initiate payments from bank portal