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?

item purchase with tax exempt

hi expert,

I have client's case regarding Exempt VAT purchase especially for Inventory/stock purchase. Kindly the scenario:

  1. Create PO for stock Item: QTY = 1 unit price $ 500, tax 10% = $50
  2. Create item receipt, Journal : inventory - debit $500 againts Accrued purchase $500
  3. receive Vendor bill

What i'm want is, for Tax amount $50 should be hit to inventory account & add to Cost of item, how to do that in netsuite ?



Howdy, Stranger!

Log In

To view full details, sign in.


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


Community Whiz

Quarter 1 (Jan-Mar 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders