Discussions

Check out Oracle NetSuite upcoming events and conferences here
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!
Update your Profile with your Support type to get your Support Type badge.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Community Poll: What sort of content would you like to see more of?

correcting Sales Tax in open period while leaving the sale in previous period

Hello Gurus,

Really appreciate this site. Great knowledge here. Thank you. I hope I can contribute back to it.

I have a puzzle.

We have customers replying to our invoices saying, sorry, we meant to submit our certificate, here it is, can you please re-send our invoice without sales tax.

If the period is still open, Ez Pz, we enter the certificate in the portal of the tax engine (we use, which is integrated), edit the invoice, click Calc Tax, wihch now shows as exempt, or $0, click save, email, done. This is during the first 10 days of any month.

We have the identical situation on day 13, the previous period is closed, we will not open it unless truly compelled, and so do not want to credit memo 100% of the sale & re-create the invoice in this period (with the correct tax) because that "moves" the sale (& rev rec) from last period to this period. We can not have that. We are OK with crediting tax in this period, which changes our reporting slightly, but we accept that.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 2 (Apr-Jun 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders