In NetSuite, managing reseller permits is an important in handling tax exemptions for customers who purchase items for resale. This functionality ensures that you can easily track and validate tax-exempt transactions, comply with tax regulations, and maintain proper documentation for audits.
Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Sales Tax, Reseller Permit, Tax Exemption
Entity/Use Code in Customer Record & Transactions in Netsuite
Are you using Avalara AvaTax to calculate tax in Netsuite? Avalara AvaTax automatically calculates sales and use tax for transactions, invoices, and other activity powered by NetSuite.Avatax is a comprehensive cloud-based tax calculation.I shared how to set a Customer to be Tax Exempt in U.S. and Canada in Avalara account in the previous blog. In this blog, I will share how to exempt customers from sales tax in NetSuite with an entity use code.
Tags: NetSuite, ERP, Project Management, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, Customization, Customer Records, Entity/Use Code, Avalara, AvaTax, Sales Tax