1. Country-Specific Features
  2. Australia Help Topics
  3. Setting Up Australia-specific Preferences
  4. Setting Up Australia-specific Company Preferences

Setting Up Australia-specific Company Preferences

If your company or subsidiary is doing business in Australia, you can set up your account to follow Australian standards. Follow this procedure to make your company preferences Australia-specific.

Note:

Make sure that your NetSuite role has the appropriate permissions to set up company preferences specific to Australia.

To adjust NetSuite company settings to Australia:

  1. In NetSuite, go to Setup > Company > Setup Tasks > Company Information and do the following:

    1. If you have an Australian Business Number (ABN), enter your 11–digit ABN in the ABN field. The ABN is the number used when dealing with the Australian Taxation Office (ATO) and is required for the goods and services tax (GST) registration. If you do not have an ABN, please visit the Australian Taxation Office website at http://www.ato.gov.au.

    2. If instead you have an Australian Company Number (ACN), enter your ACN in the ACN field. The ACN is the number provided by the Australian Securities and Investments Commission (ASIC). For more information about the ACN, see http://www.asic.gov.au.

      For accounts with SuiteTax enabled, enter the ABN or ACN on the Tax Registrations subtab.

    3. On the Currency Locale dropdown list, select Australia (English).

    4. On the First Fiscal Month dropdown list, select January.

    5. On the Time Zone dropdown list, select your company’s time zone.

      GMT +08:00 Perth

      GMT +09:30 Darwin

      GMT +09:30 Adelaide

      GMT +10:00 Canberra, Melbourne, Sydney

      GMT +10:00 Brisbane

      GMT +10:00 Hobart

    6. Click Save.

    For more information about configuring company information, see Configuring Company Information.

  2. Go to Setup > Company > Setup Tasks > States/Provinces/Counties and add the following states:

    • Australian Capital Territory (ACT)

    • New South Wales (NSW)

    • Northern Territory

    • Queensland (QLD)

    • South Australia (SA)

    • Tasmania (TAS)

    • Victoria (VIC)

    • Western Australia (WA)

    For more information about setting up States/Provinces/Counties, see Setting Up States, Provinces, and Counties.

  3. Go to Setup > Company > Preferences > General Preferences and set the following preferences:

    • On the Date Format dropdown list, select ( D-Mon–YYYY).

    • On the Long Date Format dropdown list, select (D Month YYYY).

    For more information about setting general account preferences, see Setting General Account Preferences.

  4. Go to Setup > Company > Business Activity Statement and ensure that the tax codes for tax reporting requirements are set. Refer to the Australia Tax Codes for the appropriate tax code. For more information about setting up the Business Activity Statement (BAS), see Setting Up Your Business Activity Statement.

  5. If you have the ANZ Localization SuiteApp installed, you can do the following:

    1. Set up an alert to warn or block users from entering invalid ABNs on customer and vendor records. Follow the steps on the help topic ABN and NZBN Verification Warning.

    2. Prepare your account for Taxable Payments Annual Report (TPAR) by filling out the Payer Details (your company information). Follow the steps on the help topic Setting Up the Taxable Payments Annual Report.

To adjust NetSuite subsidiary settings to Australia:

  1. In NetSuite, go to Setup > Company > Classifications > Subsidiary and select your Australia subsidiary.

  2. On the Subsidiary page, define the following preferences:

    1. If you have an Australian Business Number (ABN), enter your 11–digit ABN in the ABN field. The ABN is the number used when dealing with the Australian Taxation Office (ATO) and is required for the goods and services tax (GST) registration. If you do not have an ABN, please visit the Australian Taxation Office website at http://www.ato.gov.au.

    2. If instead you have an Australian Company Number (ACN), enter your ACN in the ACN field. The ACN is the number provided by the Australian Securities and Investments Commission (ASIC). For more information about the ACN, see http://www.asic.gov.au.

      For accounts with SuiteTax enabled, enter the ABN or ACN on the Tax Registrations subtab.

    3. On the Currency dropdown list, select Australian Dollar (AUD).

    4. On the Preferences subtab, click General subtab and set the following preferences:

      1. On the Date Format dropdown list, select (D–Mon–YYYY).

      2. On the Long Date Format dropdown list, select (D Month YYYY).

      3. On the Time Zone dropdown list, select your company’s time zone.

        GMT +08:00 Perth

        GMT +09:30 Darwin

        GMT +09:30 Adelaide

        GMT +10:00 Canberra, Melbourne, Sydney

        GMT +10:00 Brisbane

        GMT +10:00 Hobart

    5. Click Save.

    For more information about configuring subsidiary records, read the help topics Editing Subsidiary Records and Set Subsidiary Preferences.

  3. Go to Setup > Company > Business Activity Statement and ensure that the tax codes for tax reporting requirements are set. Refer to the Australia Tax Codes for the appropriate tax code. For more information about setting up the Business Activity Statement (BAS), see Setting Up Your Business Activity Statement.

  4. If you have the ANZ Localization SuiteApp installed, you can do the following:

    1. Set up an alert to warn or block users from entering invalid ABNs on customer and vendor records. Follow the steps on the help topic ABN and NZBN Verification Warning.

    2. Prepare your account for the Taxable Payments Annual Report (TPAR) by filling out the Payer Details (your subsidiary information). Follow the steps on the help topic Setting Up the Taxable Payments Annual Report.

Related Topics

General Notices