Setting Up Norway-specific Preferences

To adjust NetSuite company settings:

1. Go to Setup > Company > Setup Tasks > States/Provincies/Counties

2. Add the following cantons, if required:

   • Oslo

   • Rogaland

   • Møre og Romsdal

   • Nordland

   • Viken

   • Innlandet

   • Vestfold og Telemark

   • Agder

   • Vestland

   • Trøndelag

   • Troms og Finnmark

3. Go to Setup > Company > General Preferences:

   • In the Date Format fields, specify the date format (DD/MM/YYYY) and long date format (DD Month YYYY).

   • In the Number Format field, specify the number format.

   • On the Accounting Contexts subtab, create an accounting context (for example, call it Norway) if your main Chart of Accounts is not the statutory Norway Chart of Accounts. For more information, see Accounting Contexts.

   • On the Languages subtab, make sure that Norwegian is selected. You can also select other languages that you want to use on your website or on printed transactions.

   • For more information about localizing preferences in NetSuite, see General Personal Preferences.

   • Click Save.

4. Go to Setup > Company > Setup Tasks > Company Information:

   • Set the currency for Norway (this would be the currency of the top parent subsidiary, if you have multiple subsidiaries)

   • Set the VAT registration number for the parent subsidiary

   • Specify the appropriate time zone: (GMT+01:00) Brussels, Copenhagen, Madrid, Paris

5. Click Save.

To adjust NetSuite subsidiary settings:

1. Go to Setup > Company > Subsidiaries.

2. Create a subsidiary record for each of your legal entities. For more information, see Creating Subsidiary Records.

3. On the Subsidiary page define the following preferences:

   • Fill in the required fields for the Norway SAF-T (see Required Fields)

   • Fill in the VAT registration number field (for accounts without SuiteTAx)

   • Check the GL Impact Locking box to enable this feature on the subsidiary. (This option is visible in NetSuite OneWorld and only when the GL Audit Numbering feature is enabled. When you use GL Impact Locking for a company or a subsidiary, any change to a general ledger impacted field or entity field on a transaction with a GL audit number assigned, automatically generates copy and reversal transactions. These transactions display on the GL Impact subtab on the edited transaction.)

4. Under the Preferences subtab, in the General subtab:

   • In the Date Format fields specify the date and long date format: typically DD/MM/YYYY and DD MM YYYY.

   • Specify the number format.

   • Specify the appropriate time zone: (GMT +01:00) Brussels, Copenhagen, Madrid, Paris.

5. Under the Preferences subtab, in the CSV subtab:

   • Select the delimiter in the CSV column delimiter and the CSV decimal delimiter fields.

6. Go to Setup > Company > Setup Tasks > Enable Features.

7. In the Accounting subtab, go to Advanced Features subtab and check the Period End Journal Entries box. Additional settings for this feature can be defined in the Subsidiary Settings Manager. The Period End Journal Entries feature processes and posts subsidiary consolidation and income statement closing using a transaction type called Period End Journal. Period End Journals are generated automatically when you complete the Create Period End Journals task on the Period Close Checklist.

To set personal preference for users in Norway:

1. Go to Home > Set Preferences.

2. Go to the General subtab:

   • In the Localization subtab, you can set up language and time preferences.

   • In the Formatting subtab, you can set up date and time formats.

3. Click Save.

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