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2012/04/03

April: Tips and Tricks

1- Remitting taxes (EU or CAN)


In many European countries, just like in Canada, you remit to the government only the difference in taxes that you collected from sales minus what you were charged when buying (Liability minus Asset). 


To pay a tax liability in NetSuite: 



  1. Enter the appropriate tax codes whenever you create sales and purchase transaction records.
  2. Close the tax period before you do your tax reporting and tax payments. (Go to Setup > Accounting > Taxes > Manage Tax Periods)
  3. Run and review the VAT on Sales and the VAT on Purchases summary and detailed reports. If necessary for adjustments, reopen the tax period and run the reports again. 
  4. If VAT on Sales is greater than VAT on Purchases, prepare and post an appropriate journal entry that: Debits the VAT on Sales account for the amount shown on the VAT on Sales, report Credits the VAT on Purchases account for the amount shown on the VAT on Purchases, report Credits the VAT Liability account for the net amount.
When it is time to pay your tax liability, you can write a cheque to the tax agency. You can write a tax liability cheque for any non-US edition or nexus at Transactions > Bank > Pay Tax Liability (Administrator).

2. List of browsers officially supported by NetSuite

Platform
Supported Browsers
Windows XP
Internet Explorer 7.x, 8.x

Firefox 3.6, 11.x

Safari 5.x

Google Chrome 17.x
Windows Vista
Internet Explorer 7.x, 8.x, 9.0

Firefox 3.6, 11.x

Safari 5.x

Google Chrome 17.x
Windows 7
Internet Explorer 7.x, 8.x, 9.0

Firefox 3.6, 11.x

Safari 5.x

Google Chrome 17.x
Mac 10.4
Firefox 3.6
Mac 10.5
Firefox 3.6

Safari 5.x
Mac OS X 10.6.4
Firefox 3.6
Mac OS X 10.7.2
Firefox 11.x

Google Chrome 17.x


3 - Setting up a custom favicon in your NetSuite e-commerce store

In a NetSuite hosted eCommerce site, the favicon, or shortcut icon, automatically defaults to a NetSuite `N` graphic. It is possible to customize this so your company's own 16x16 pixel graphic named favicon.co. 

Upload the favicon to the root of the file cabinet under web site hosting files > live , or web site hosting files > live > site. 

After uploading, insert the meta tag to ensure that your icon shows up. This can be inserted under the "Additions to Head" field under Web Site > Site Templates. 

Add the following line (with the correct information) and voila!

<link rel="Favicon" href="https://checkout.netsuite.com/c.411534/favicon.ico" type="image/x-icon"> 

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