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Submitting your VAT Return
Hi. We need some help understanding how NetSuite works with regards to the VAT 100 return that we have to do each quater.
Basically what we need to know is how we file/clear all the transcation in NetSuite once we've completed and submitted a VAT 100 return.
Once that's done, if any changes are made to "filled" transactions then the correct adjustments should be made to the next vat 100 period.
I beleive there's a "cleared" flag on each transaction but we surely don't need to click all those manually?
There's a 'Pay Tax Liabilty' function I think but never seems to give the correct figures.
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