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New to NetSuite | Withholding Tax Preferences
Now that we have discussed the prerequisites and how to install the Withholding Tax SuiteApp in our previous articles:
- Prerequisites for Installing the Withholding Tax SuiteApp
- How to Install the Withholding Tax SuiteApp
We will now talk about setting up the withholding tax preferences. These preferences control how withholding tax behaves on your transactions, helping you apply the right rules consistently across your NetSuite account.
Withholding tax preferences enable you to set rules for the following:
- Make withholding tax codes available on purchases, sales, or both
- Specify whether to post withholding tax at the time of payment or at the time of invoice
Clarisa De Torres | Ask a Guru
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