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The tax control amount is one of the key tax determinants available on the invoice header and lines that influences the calculated tax amount. Is there any way to only prorate header tax amount on item lines only? How to achieve this without pain

Tax Control - Business Consulting

Enter invoice total tax (vat) amount into tax control amount field from invoice header level In the ui, you can create a tax control account, and view existing ones, at setup > accounting > tax control accounts. Describes user tasks for tax including transaction taxes, withholding taxes, external taxable transactions, and transaction tax reports.

Tax control accounts are accounts in your general ledger or chart of accounts

These are the accounts to which the amounts computed for indirect taxes such as sales tax and vat are posted Tax control accounts are used to define tax types, and tax types are used to define tax codes Tax codes in your transaction records determine how much tax is applied to each line item on your transactions. On supplier portal when creating an invoice, supplier enters tax amount in tax control amount field

Currently there is a validation on this field that we cannot enter tax control amount greater than the invoice amount If the invoice amount is $100, i cannot enter tax control amount more than $100 However, our business wants to investigate if we can change the. By validating the tax name for your invoice distributions against the tax name assigned to your account, you can ensure that the tax amounts on your tax returns reconcile to the tax control accounts and that the taxable amounts on your tax returns reconcile to the profit and loss accounts.

In netsuite, the tax control accounts are either set up by default, or set up for you by professional services

An administrator can create new tax control accounts if needed You can use multiple tax control accounts to track your sales tax liability and add more detail to your financial statements. A tax control account is an account to which the amounts computed for indirect taxes, such as sales tax and vat, are posted The tax control account is defined in the listacct (accounting) xsd, where it is called taxacct