Customizing Tax Label on NetSuite Transaction Form

 

Customers operating in multiple tax nexuses will sometimes encounter issues with the standard formatting of NetSuite transaction layouts. Specifically, until recently, users could not customize the “tax” label on transaction forms so that it was specific to the jurisdiction or nexus in which the transaction took place. With the release of 2010.1, we now have the ability to customize what label is printed for the “Tax” element on both printed and emailed transactions.

Take, for example, a NetSuite customer with operations in multiple jurisdictions across the United States. While the default “Tax (Item rate%)” may be sufficient for some companies, this company may wish to hide the jurisdiction specific value and simply call out the tax rate. NetSuite has added a per-country configuration for tax nexuses called Print/Email Tax Label Format. This field supports three parameters:

• {item}: which represents the Tax Code or Tax Group name;

• {rate}: which represents the tax rate to be applied; and

• {label}: Which is the label for the Tax Total field on transactions within this jurisdiction

This configuration can be done at Setup > Accounting > Set Up Taxes:

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Modifying the standard label for the United States from {label} ({item} {rate}):

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To something more in line with how their business would like to see the information displayed without the specific tax code, and only the rate:

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