Setting Up the Discount Item for Brazil
To access the Brazil Localization SuiteApp documentation in Brazilian Portuguese (Português do Brasil), see Brazil Localization.
The Brazil Localization SuiteApp provides an item to account for discounts granted when receiving the payment of sales transactions.
You must set up this item to ensure it works properly in your account. You should define which Brazilian subsidiaries it applies to and which account to post its amounts to.
For more information about discounts on payments, see Applying Discounts to the Payments of Sales for Brazil.
To set up a discount item for Brazil:
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Go to Lists > Accounting > Items.
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Click Edit next to the SalesDiscount item.
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In the Subsidiary field, clear out any subsidiaries outside Brazil.
By default, NetSuite automatically selects all the subsidiaries from your account. However, the discount item shouldn't be associated with subsidiaries outside of Brazil. Keep the selection to Brazilian subsidiaries only.
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Click the Accounting subtab.
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In the Account field, select the account to which to post the discount amounts.
The discount granted upon receiving a payment is categorized as an expense.
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Click Save.
Related Topics
- Setup for Payments for Brazil
- Setting Up Fine and Interest Items for Brazil
- Creating Terms of Payment for Brazil
- Finding Predefined Bank Slip Templates for Brazil
- Creating Bank Records for Brazil
- Creating Banking Information Records for Brazil
- Enabling Payments for Brazil in Custom Transactions
- Creating CNAB Return Occurrence Codes
- Creating the Brazil Data for Banking Plug-in Implementation