Discussions
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Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
NetSuite launches new wholesale distributions solution in Japan in January 2026!
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.
Register Now
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.
Register Now
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.
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