Are Tax Only Credits Supported in NetSuite?
Overview
Tax only credits are transactions where you're refunding a client only the tax portion of a sales transaction. The business use case behind this process is when a customer submits an exemption certificate after you've already finished billing them. Exempt customers sometimes only pay the invoice minus sales tax and then send a copy of their exemption certificate.
Environment
NetSuite
NetSuite OneWorld
Resolution
- This is available in the newest versions. Update the bundle to access this feature:
- Avalara AvaTax for NetSuite 4.6 or later
- Avalara AvaTax for NetSuite OneWorld 3.7 or later
- How do I add a tax only credit in Netsuite?