Overview of NetSuite’s tax features
Taxes in NetSuite are almost universally used. How each company uses the native tax features varies based on a number of factors: where your client is based (every country has its own tax regulations), what kind of business they run (some companies’ sales are entirely tax-free), and more. Here, I will provide an initial idea of the native Sales Tax features NetSuite provides but know there is a lot more to this topic. For a business, calculating tax amounts correctly is both pretty complicated and very important, so it is critical that we help them set up and learn to use the tax features during implementation.
Generally, most businesses in most countries will need to collect taxes on at least some of their sales, they probably pay taxes on some of their purchases, and they might pay taxes on some of their employees as well. NetSuite’s core product offers a list of features that should help clients get started, and they...
