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Bundle 8375 is now available from the NetSuite Repository to all customers. How do I install this bundle? 1. Log in using the Administrator role in order to install the bundle and initiate the running of the scripts. 2. Go to Setup > Company > Enable Features. On the SuiteFlex tab, please tick the Custom Records checkbox.…

In case anyone has not yet registered with the Government Gateway to file directly from NetSuite, please do so and allow upto 7 days before you receive your User ID details.

Hi Varun Did you manage to sort this out? You need to tick the EC Code and Reverse Charge check boxes , further details are in the Help topics under Ireland. If you still have problems then one of us can call you.

What Mo is explaining is correct as currently the balance displayed is dependent on the transaction date on the top of the pay sales tax window. We are nonetheless investigating the point raised here regarding the End Date and it's impact on the liability balance.

As promised, we've looked at this following your comments. Here is how the system is designed to work: - The End Date on the Pay Sales Tax screen always reflects the company's tax liability "as of that date" for each State or Vendor - As businesses generally settle their liability with the tax authorities a few weeks or a…

Your journal entries should be - Credit A/R by the full amount (that will contra the original invoice amount) - Debit the VAT on sales account - Debit Bad debts expense account

See attached Grant Thornton newsletter

B]GST Reports now available [/B] We are pleased to announce that these are are available for free download from the NetSuite Repository. You need to be logged in with the Administrator role in order to install the bundle and initiate the running of the scripts. 1. Go to Setup > Customisation > Install Bundle. 2. Enter the…

We are currently developing a new sales tax engine that will also support exemption certificates, automated tax rates and better reports. if you would like to provide feedback and requirements particularly on reports, please do let us here on this forum.

We plan to have the beta version of the SuiteTax sales tax engine available in the next couple of months. If anyone is interested in testing it (in a sandbox or perhaps one of our test accounts) please let the NetSuite Support team know. 

NetSuite are aware of the HST changes and over the next couple of weeks we shall be advising you of the configuration changes you will need to make to your account. Information regarding this will be communicated via email to all affected customers and posted on the User Group and so it's advisable not to make make changes…

Hi Paul Please drop me an email on your concerns regarding the compliance reporting. If it helps then we could chat on Wed morning with you. Let me know please.

GST Reports now available We are pleased to announce that these are are available for free download from the NetSuite Repository. You need to be logged in with the Administrator role in order to install the bundle and initiate the running of the scripts. 1. Go to Setup > Customisation > Install Bundle. 2. Enter the…

Netsuite will be providing a set of instructions on how users can configure their account for the GST rate change. It should be very simple and only take a few minutes. The communication is expected to go out to all New Zealand customers in early September. Free support for rate change issues will also be made available.…

Terry, we will contact you directly via email to see how we can help you.

In the next generation of the tax engine, called SuiteTax, we are making this user configurable so that you add the text in any language per invoice.

NetSuite will allow you to post late transactions to any earlier open accounting periods. That transaction will be included in the next open tax period, and so be in the folowing quarter's VAT100. Have a look at the new reports, and you should find the transaction date of the bill on a later VAT return. The key of course…

Hi Kamlesh, Please can you confirm that this update will allow for at least five decimal places in the new prices. Last time all our prices ended up with only two decimal places and we had to correct everything by hand! Also, will this update work for all our different price levels? I seem to remember that we had issues…

Hi Kika Absolutely agree with you. I will contact you and agree the plan. Regards Kamlesh

Hi Peter, we will check the distribution list to see if you were on it or not. Three emails have been sent over a period of a few weeks and we have also been updating the information on the UK login page. The only reason you could have missed the login is if you are using the NetSuite.com site and not the .co.uk. We do…

Ian T, we are looking at this right now and will keep you posted. In fact on further investigation it seems linked to your account and tax code list where you seem to have tax codes for various EC countries but no UK tax agency at all. We will contact you separately on this matter.

Hi Ian Let's talk on Wednesday this week so that I can walk you through how to make the changes for Portugal.

The tax code names do not matter as much as the property of the tax code itself. Any EU service, including downloadable electronic goods require the "Applies to Services" checkbox to be ticked. You should find that the values are then reported correctly in the respective boxes on the VAT100. If they still don't please log…

Dear Kamlesh We do use Tax codes with UK tax Agency. On NetSuite the UK tax agency is called Customs & Excise VAT Central Unit What i have just found is the new tax codes created by Netsuite although appearing in the tax code list, when i go to edit them i get the notice the record does not exist.:mad: Any ideas? Hi Ian We…

Ok we'll bear this in mind and see if we can do.

This error message relates to VAT validation numbers rather than your ID. You need to chaeck that the VAt registration numbers of your customers are correct including country ID. By default if 30% or more of the submission Lines fail validation, the entire ECSL Declaration is rejected by HMRC. The auto generated email…

We will look into this but you also have the option submit the EC Sales online directly to the Govt Gateway, which makes it a lot easier and validates your submission and gives you a great audit trail. Have you tried this?

As of Friday 3rd December 2010, the tax code list in all accounts should now have the new standard rate tax codes for the 20% namely SR, RV,EG,ESS and ESP. Here is a list of what we intend to include in this year's bundle: [LIST] [*]Update the default tax code on Customer records. [*]Update the sales tax code on Items.…

Hi Daniel There will be a bundle that updates VAT rates on memorised transactions. Feel free to email me to discuss your requirements as we may be able to test your requirements if time allows.

IMPORTANT UPDATE: Please note that the configuration bundle will now be available from the Repository on Wednesday 22 December 2010. We apologise for the change in dates. For those of you that missed the customer training webinar, the UK VAT Rate Change and Updating Memorised Transactions recordings are available from NS…