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NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
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Intelligent Payment Automation, powered by BILL (formerly Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
SuiteTax - Being Able to Post Tax in a Closed Period
Hi NetSuite community,
We have enabled SuiteTax. As you know SuiteTax doesn't support Tax Periods. However, if a period is Closed and user creates a posting transaction in the closed period, then Posting will be the next open accounting period. However, the Tax Point Date will remain as the transaction date. Therefore, imagine if you have already done the Tax Return, NetSuite posts tax to that period. Please see below an example:
• Accounting preferences: Allow Transaction Date Outside of Posting Period is ALLOW.
• Period closed: Jan 2024
• Tax Return submitted for Jan 2024
• After tax return user creates an invoice with VAT which is dated 15/01/24. The posting period defaults to Feb2024. Tax Point Date defaults to 15/01/24.