Setting up Singapore-specific Features and Preferences

As a NetSuite user, your account should already be configured to suit your country and business-specific needs. However, you may check your account configuration to make sure that Singapore-specific features are enabled and working. To do this, make sure that your NetSuite role has the appropriate permissions; otherwise, you should contact your account administrator.

Enabled Features

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

2. On the Company subtab, under the International section, make sure that the Multi-language box (if you are using more than one language in NetSuite) and Multiple Currencies box (if you are using more than one currency in NetSuite) are checked.

3. On the SuiteCloud subtab, make sure that all boxes under SuiteBuilder, SuiteScript, and SuiteGL sections are checked.

SuiteCloud and SuiteApps

1. In SuiteCloud, make sure that the following SuiteCloud features are enabled:

   • SuiteBuilder

   • SuiteScript

   • Custom Plug-ins

2. For companies using NetSuite across multiple subsidiaries and countries, see OneWorld Overview.

3. Install or confirm that the following SuiteApps have been installed (if applicable):

   • Electronic Bank Payments - Provides electronic payment file formats for Singapore banks that enable businesses to pay vendor bills and employee expenses, and receive payments from customers.

   • International Tax Reports - Provides the pre-configured GST tax codes and rates and the pro-forma GST Return (GST F5).

   • Payment Gateway - Provides integration with AsiaPay, AsiaPay External Checkout and eWAY Rapid credit card payment gateways for Singapore.

   • Singapore Localization - Provides templates and tax reporting features necessary to operate businesses in Singapore. The SuiteApp includes templates that you can use to generate tax reports and audit files compliant with Singapore requirements.

   • Singapore PEPPOL-Ready e-Invoicing - Lets you generate outbound e-documents from invoices and credit memos, and then send them to the Singapore PEPPOL API (Application Programming Interface). You can also receive inbound e-documents from the Singapore PEPPOL API and then convert them into vendor bills in NetSuite.

   • Southeast Asia Localization – You can customize templates for tax invoice and credit note that complies with the Singapore GST requirements. The SuiteApp also includes additional electronic bank payment file formats for Singapore.

   • Tax Audit Files – Provides the IRAS Audit File (IAF) in TXT and XML version.

   For more information about NetSuite SuiteApps and how to install them, see NetSuite SuiteApps.

NetSuite Company Settings

NetSuite can also be localized based on the specific country requirements and preferences. For Singapore, you need to:

1. Go to Setup > Company > Setup Tasks > Company Information and do the following:

   1. Set Currency Locale to Singapore and the Currency Symbol to SGD (Singapore Dollar).

   2. Set the Unique Entity Number (UEN) field, which is the number provided by the Accounting and Corporate Regulatory Authority (ACRA) for companies registered in Singapore.

   3. In the VAT Registration No. field, specify the GST Registration Number.

2. Make sure that you complete the setup requirements before generating the IRAS Audit File (IAF). For more information, see Additional Setup Requirements for Singapore.

For more information, see Configuring Company Information.

User Preferences

In NetSuite, users can define their personal preferences, which you can know more about in Setting Personal Preferences . To set personal preferences suited for using NetSuite in Singapore, go to the Home page, point to the Home icon and click Set Preferences. On the General subtab, go to the Localization section where you can set the following locale-specific preferences:

• In the Time Zone field, select (GMT+08:00) Kuala Lumpur, Singapore.

• Go to the Formatting section and in the Date Format field, select DD/MM/YYYY. In the Long Date Format field, select D Month YYYY.

For more information, see General Personal Preferences.

General Notices