RE: Question: Tax Passthrough
a. Have there been any ideas for ways to make Net Suite allow us to use the same account for items that we want to make sure get billed to the customer based on our vendors charging us those taxes?
b. If not, then we will need to add GL accounts for each state as income and also as expense, but have to make Excel sheets to manually reconcile them?
The reason why we need this is:
Hey Agustin,
Saw your post hasn’t been answered yet.
Managing these aspects during initial implementation can indeed be intricate. To address your concern about using the same account for items billed to customers based on vendor taxes, NetSuite offers versatile solutions. We’ve successfully helped clients set up similar scenarios by configuring the system to ensure streamlined invoicing while maintaining accurate accounting records. If you’re up for it, maybe we can schedule a quick meeting to go into details about your implementation. Feel free to shoot me a message.
