Entering a purchase transaction with accounting for output and input VAT in the NetSuite system

Cooperation with foreign contractors is a daily routine for many Polish entities, which involves strictly defined obligations related to VAT reporting and presentation. One of them is the use of the so-called reverse charge mechanism.

In the latest article from our “Tips & Tricks” series we share a practical guide on how to correctly record a purchase invoice along with showing and posting the amounts of output and input VAT in the Oracle NetSuite Polish Localization Package.

Highly recommended!

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Entering a purchase transaction with accounting for output and input VAT in the NetSuite system