Migration of Legacy Records/Transactions to SuiteTax is an automated process.
When the SuiteTax feature is enabled, the migration of tax-related records proceeds in the background. SuiteTax changes most of the tax-related records across NetSuite but values on any transaction is not changed.
When we enable the SuiteTax feature, the following tax records and pages are no longer available in the NetSuite account.
- Process GST/HST Refund
- Sales Tax Payment
- Set Up Taxes
- State Tax Import
- Tax Control Account
- Tax Group
- Tax Liability
- Tax Period
- Tax Reports
- Tax Schedule
SuiteTax retains the nexus, tax code, and tax type records, but reconfigures some of the fields available on these records.
We can start using NetSuite partially even if migration is not yet completely finished. However, taxable transactions are initially locked for creation and editing after enabling SuiteTax. We need to complete the following required steps before we can create and edit taxable transactions:
• Confirm that the SuiteTax setup is complete.
• Set up the tax engine for subsidiary tax registrations.