Netsuite default tax code setup

Hi All,

Tax codes helps business to specify Tax on transaction in Netsuite. While creating transaction record, it is easy to select tax code on line level using UI. This task become complex when integration create Netsuite transaction. Tax code not available is one of the common error we see while integrating another system with Netsuite.

Ideally, Tax code should be properly mapped from Netsuite to Another system. If you create new Tax code , it should be in another system also and mapped in integration tool. How ever if you want to use any tax code by default in Netsuite , you have to define it as default tax code. In this set up if user select any tax code in another system, integration select mapped tax code in Netsuite . If tax code in another system is not mandatory , Netsuite will set default tax code on each transaction. This will not cause any error while creating transaction record.

 To set up default tax:

1. Create Tax code ( usually 0% or as per your need)

2. If you have any existing tax code use that one.

3. Go to Setup > Accounting > Set Up Taxes 

4. Click on Country for which you want to select Tax code

5. Select Tax  Code from Step1 or Step 2 under Default Tax Code field

6. Save 

Your Netsuite is now configured to use default tax code.

Let us know if you have any query, comment 👇

 Thanks

Netsuite Guru

 

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