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View the invoice details in local currency

This article applies to:Connector for NetSuite

Connector for NetSuite for VAT invoice currency conversion enables you to provide your local taxing authority with the invoice details in local currency. The following fields are added to the AvaTax document:

REPORTING TAXABLE UNITS Indicates the currency conversion rate for taxable items.
REPORTING NON-TAXABLE UNITS Indicates the currency conversion rate for non-taxable items.
REPORTING EXEMPT UNITS Indicates the currency conversion rate for exempt items.
REPORTING TAX Indicates the total amount of tax for the line item.
REPORTING TAX CALCULATED The total amount of calculated tax for the line item.

Steps

  1. Log into NetSuite.
  2. Create a transaction.
  3. Add a line item.
  4. In the transaction, under Accounting > Accounting Information, change the currency.
    The base currency is retrieved from the Subsidiary field and the local currency is retrieved from the Currency field.
  5. Save the transaction.
  6. Under the AvaTax tab, open the AvaTax document.
    The AvaTax document displays the calculated tax, taxable units, exempt units, and related fields in the currency that you have selected.
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