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!
German VAT Formatting Tax Codes
Hi everyone,
currently I am building German VAT Report in Netsuite. I face an issue regarding tax accounts and non-tax accounts.
According to German VAT, line 37 is total input tax amount.
The tax amounts are recorded under tax account 1406 (19%).
- AS EXPECTED -
While creating a journal entry, the tax amount appears when the right tax account is inserted in the tax account field of journal entry interface (red box).
However, there are some cases in German accounting that the tax accounts are inserted separately without any tax (green box). It must be added to total tax amount in VAT. Netsuite doesn't detect this kind of tax booking in VAT.
0