function countrySearch(internalId, type) { try { let countryValueSearch = search.create({ type: type, filters: [ [“internalid”, “anyof”, internalId] ], columns: [ search.createColumn({ name: “country”, label: “Country” }) ] }); let searchResult = countryValueSearch.run().getRange({ start: 0, end: 1 }); if (searchResult.length > 0) { return searchResult[0].getValue({ name: “country” }); } return null; } catch (e) { log.error(“error@countrySearch”,… Continue reading Auto-check “Calculate Tax” based on Subsidiary and Vendor country (US)
Tag: Tax
Apply Before Sales Tax checkbox is missing from Discount Item
The Apply Before Sales Tax checkbox becomes available after the Advanced Taxes feature is enabled. This is done by: 1) Navigate to Setup > Company > Enable Features. 2) Under Accounting tab, mark the Advanced Taxes checkbox. 3) Click on Save.
Activate tax rate for state
Step-by-step instructions for activating tax rate for state Using administrator role, Navigate to Setup → Accounting → Nexus → New Add Country, State/Province/County and save the record. Navigate to Setup → Company → Subsidiary Click on Edit of Subsidiary In Nexus subtab, add the newly added Nexus and save the record Navigate to Setup →… Continue reading Activate tax rate for state
Change the IGST to CGST and SGST in Invoice
Requirement – Client wants to change the tax type from IGST to CGST and SGST. Solution – The invoice currently has IGST applied because the Place of Supply and the nexus are in different states. If both values belong to the same state, the tax type will be CGST and SGST. The Place of Supply… Continue reading Change the IGST to CGST and SGST in Invoice
Failure to post tax due to no nexus setup
Issue Statement: A common error faced by customers recently is the failure to post tax due to no nexus setup. Here is a quick guide on resolving these posting errors and setting it up correctly. Solution: To resolve our concern, we have to follow the steps below ======================== Login as Administrator ======================== I. Create a… Continue reading Failure to post tax due to no nexus setup
canada sales order missing tax amt and gross amount columns
I would like to know is it standard behaviour for sales order created under Canada subsidiary, the standard tax amt and gross amount columns at item lines are not showing ? I’m not using taxjar for canada so by right it should compute the individual item line tax and PST tax amount or total both… Continue reading canada sales order missing tax amt and gross amount columns
Enabling Canada Tax Lookup
You can choose to have NetSuite determine the proper tax code automatically when a sales transaction is entered manually or through your website. To enable the tax lookup for Canada: Go to Setup > Accounting > Taxes > Set Up Taxes. If you are using a OneWorld account, click the Canada subtab. heck the Enable Tax Lookup on Sales… Continue reading Enabling Canada Tax Lookup
Taxation System of India
India currently has a well-developed three-tier federal tax framework with well defined power between the Central and State Governments, as well as municipal entities. The Central Government charges income taxes (save for agricultural income, which is levied by the State Governments), customs duties, the Central Goods and Services Tax (CGST), and the Integrated Goods and… Continue reading Taxation System of India
Legacy Tax: Set Chart of Accounts as Tax Control Accounts for United States and Canada
Scenario: A user with an Administrator role wants to set accounts created in the Chart of Accounts page (Lists > Accounting > Accounts) as their Tax Control Accounts for United States and Canada but is unable to do so. These accounts are not available in the Liability/Sales Tax Account and Asset/Purchase Tax Account drop-down selection… Continue reading Legacy Tax: Set Chart of Accounts as Tax Control Accounts for United States and Canada
Tax is not calculated in bill import
In the CSV import of vendor bill, tax is not calculated in the created bill in the NetSuite account that have India Localization SuiteTax Engine. To calculate tax properly, ensure that the below points have considered in NetSuite: Vendor record has a value on the Default Tax Reg. field under Financial tab. The following fields are added and mapped in… Continue reading Tax is not calculated in bill import