Setting Up Chile-specific Preferences

In NetSuite, go to Setup > Company > Set Up Tasks > Enable Features.

On the Company subtab of the Enable Features page, under ERP General, check the Multiple Units of Measure box if you want to define multiple units for the purchase and sale of inventory items.

Under International:

1. Check the Multi-language box if you want to use NetSuite in more than one language.

2. Check the Multiple Currencies box if you want to use NetSuite for multiple currencies.

On the Analytics subtab of the Enable Features page, check the SuiteAnalytics Workbook box.

Click Save.

NetSuite provides predefined Chilean states and provinces. To add custom states and provinces, go to Setup > Company > States/Provinces/Counties and filter the country Chile. For more information, see Setting Up States, Provinces, and Counties

Go to Setup > Company > Subsidiaries

Enter your company information and do the following:

1. In the SuiteTax Latam Process Line of Business field, select the line of business in which the subsidiary operates.

2. In the SuiteTax Latam Process Tax Regime field, select the tax regime to which the subsidiary adheres.

3. In the CL Business Activity field, select the business activity of the issuer.

4. In the CL Numbering - Days to Notify field, indicate how many days' notice will be given before numbering records expire.

5. In the CL E. Invoicing Email field, enter the email address to be used for subsidiary electronic invoicing.

6. In the CL Numbering - Email to Notify, enter the email address for folio expiration notifications (no spaces, separated by commas).

7. In the CL Phone Number, enter the issuer's phone number for electronic invoicing.

8. Check the CL Stamped by Branch box if you want the stamping of vouchers issued by the SII to be done by branch (the invoicing numbering is done by location).

9. In the Legal Name field, select the name as it appears on the RUT issued by the SII.

10. In the Country field, select Chile.

11. In the State/Province field, select one of the provinces personalized or provided by the system.

12. In the Currency field, select the name of the currency used in Chile with the ISO currency code “CLP” associated.

13. In the Addresses tab, enter the company’s business address registered on the RUT issued by the SII.

14. In the Tax Registrations tab, introduce the company’s country, nexus, tax agency, and RUT.

15. In the Subsidiary Logo (Forms) fields, select the logo images that you want to include in the PDFs generated by the module.

Click Save.

In NetSuite, go to Home > Set Preferences.

On the Set Preferences page, go to General subtab.

In the Localization section, set the following:

1. In the Language field, select Español (Latinoamérica).

2. In the Search Sorting field, select Language Specific if you want sorting to follow the alphabetical order of the language you selected.

3. In the Language of the Help Center field, you can also select Español (Latinoamérica).

4. If you are using OneWorld account and you defined an accounting context under Setup > Company > General Preferences (Administrator), then the Accounting Context field appears. Select a local accounting context if you want to view the chart of accounts structure and names in the language that you selected.

5. In the Time Zone field, select “(GMT-04:00) Santiago” based on your location.

6. In the First day of the week field, select Sunday.

7. In the Date Format field, select DD/MM/YYYY.

Click Save.