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.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
With Journal Entry, the tax account is automatically set to “Temporary Consumption Tax Payable”.
With Journal Entry, the tax account is automatically set to “Temporary Consumption Tax Payable”.
When I created a journal entry in Journal Entry with a tax code of 10% of sales, the tax account was automatically posted to the general ledger as “Suspense Consumption Tax”.
However, since it is 10% of sales, the tax account should be posted to the general ledger as “consumption tax suspense receipt”.
In the Invoice transaction, the tax is correctly posted as “Consumption Tax Received Temporarily”.
Why is it posted as provisional consumption tax payable in Journal Entry?
Also, please tell me how to post as suspense receipt sales tax even if I specify 10% sales tax code in Journal Entry.
0