Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Stay in the Know
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
BUG: Pay Tax Liability Payment
When using
Transactions > Bank > Pay Tax Liability
Netsuite incorrectly enters the transaction.
The payment/rebate is entered as a cheque on the relevant account but has the Tax code specified as VAT:UNDEF
As a result the payment is included as an input on the VAT return (rebate included as a output).
This is incorrect. VAT payments/rebates should not be included on subsequent VAT returns.
We currently manualy edit the Cheque entry to VAT:O which is out of scope of VAT and excluded from VAT reports.
0