Thailand Help Topics
Overview
The following Help topics provide information about NetSuite features that are specific to Thailand business setting and requirements only. General NetSuite features are covered in other chapters and topics.
The NetSuite International edition can be configured to enable the following features and reports for companies doing business in Thailand.
General Setup
Functional Area |
Feature |
Description |
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Required Setup |
Enable features and preferences specific to Thailand business setting. |
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You can enable multiple languages in NetSuite. Set up English (International) for the user interface and Help Center. Or you can enable Simplified and Traditional Chinese in the user interface. Trading documents can be configured to comply with local requirements and issued in partner’s language. |
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Support for your preferred number, date, address, phone, and currency formats as well as time zone |
Accounting
Functional Area |
Feature |
Description |
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Banking |
NetSuite International Edition supports multiple formats for bank account statements. You can import bank account statements to use in bank reconciliation. |
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NetSuite provides standard parser plug-ins such as MT940 that can read bank statement files for use in bank reconciliation. |
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The Auto Bank Statement Import (ABSI) SuiteApp enables you to automatically import bank statement files into NetSuite daily. The SuiteApp uses a Financial Institution Connectivity Plug-in to securely connect to your financial institution’s server through SFTP (Secure File Transfer Protocol) connectivity. |
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Taxation (Legacy) |
NetSuite provides the capability to calculation Value Added Tax in Thailand
Pro-forma VAT Return (P.P.30) that can be used as basis for filing to the Thai Revenue Department. |
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Supplemental sales and purchase reports already formatted to match the local formats used for Thai businesses |
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If you are using the Locations feature in NetSuite, you can generate the Thailand VAT Return Form P.P.30 for each location. You would use this VAT reporting by location feature if you are using Location records in NetSuite to represent VAT reporting entities. |
Order Management
Functional Area |
Feature |
Description |
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Invoicing |
Customizable templates for tax invoice and credit memo that comply with Thai Revenue Department requirements and meet local business practices. |
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The Branch ID field in customer and vendor records and in transaction records can be used to enter the branch code assigned by the Thai Revenue Department. |
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The Transaction Amount in Words field that is added to sale transaction records can be used to enter the word representation of the amount. |
Recommended SuiteApps
Functional Area |
Feature |
Description |
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SuiteApps |
Supports VAT and GST reporting and online filing for more than 42 countries across Europe, Asia, and Latin America, all generated in the local format for ease and accuracy of submission. Includes EU Sales List reports, Intrastat reports, sales and purchase reports by tax code, and pre-configured tax codes when a new nexus is created. |
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Provides invoicing features for Malaysia, Singapore and Thailand that meet the minimum regulatory requirements and local business expectations. The SuiteApp includes templates that you can use to print and issue tax invoices and credit memos or notes to customers in Malaysia, Singapore and Thailand. The SuiteApp also comes with electronic bank payment file formats for Singapore and Malaysia. |