Setting Up Nature of Transaction Codes
The International Tax Reports SuiteApp includes nature of transaction codes for some countries. If the code you need isn't in NetSuite, you can create a new nature of transaction code and NetSuite will pick it up in the Intrastat report. For more information, see Creating a Nature of Transaction Code.
Set up nature of transaction codes separately for each nexus. After that, you can set a default code for each transaction type per nexus. For more information, see Setting Up Default Nature of Transaction Codes on Transaction Records.
To set up a nature of transaction code for a nexus:
-
Go to Setup > Accounting > Manage Tax Reporting.
-
Click the Intrastat Reporting subtab.
-
Select a nexus.
-
Select the nature of transaction codes that you need for the nexus. You can press and hold the CTRL key to select multiple codes in the list.
-
Click Save.
After you've set up nature of transaction codes for your nexus, they'll be available for selection in the Nature of Transaction Code dropdown field on transaction records. For information about selecting nature of transaction codes on transaction records, see Setting Up Default Nature of Transaction Codes on Transaction Records.
The nature of transaction codes that you set up on the Intrastat Reporting subtab are also available on the Intrastat Defaults subtab.