Vendor Set Up for Israel Localization
With the Israel Localization SuiteApp, it is possible to set up vendors.
To set up vendor for Israel Localization:
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Go to Lists > Relationship > Vendor > New.
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From the Custom Form list, select IL Vendor Form. This enables fields specific for Israel. If the form needs to be customized, begin with the Israeli vendor form.
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Fill in the Company Name field.
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Enter the Tax Payer ID.
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From the Subsidiary list, select Israel.
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On the Subsidiaries subtab, select a default tax code for the vendor.
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Go to the Financial subtab, Account Information section:
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Ensure that a Hebrew name is populated in the Legal Name field.
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Select the preferred payment method.
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On the Preferences subtab, from the IL PDF Language list, select the language to print invoices in.
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On the Israeli Bank Details subtab, fill in the relevant fields.
Note:A list of Branch Numbers is available, which will automatically populate the other field. This list is defined in Customization > Lists, Records and Fields > Record Types > IL Bank List, where you can add additional banks.
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Go to the Israeli Tax Certificates subtab.
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Select the Withholding Tax Types. The default WHT tax types defined are used when the withholding tax certificates expire.
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Check the Withholding Tax box for companies in Israel, unless the payment is for a government body which is exempt.
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Select the date of the certificate validity. If there is a different percentage and the dates overlap, an error will be caused.
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Fields on the IL Global Bank Details subtab should be filled in with bank details outside of Israel.
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Click Save.
To view Israeli Reports
The vendor information can be viewed and any issues in the setup can be identified.
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Go to Reports > Israeli Reports > Israeli Vendor Tax Certificate Reports or Reports > Israeli Reports > Israeli Vendor Tax Information.
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Select the subsidiary.