Setting Up the Discount Item for Brazil

Note:

To access the Brazil Localization SuiteApp documentation in Brazilian Portuguese (Português do Brasil), see Brazil Localization.

The Brazil Localization SuiteApp provides an item to account for discounts granted when receiving the payment of sales transactions.

You must set up this item to ensure it works properly in your account. You should define the Brazilian subsidiaries to which it applies and the account to which to post its amounts.

For more information about discounts on payments, see Applying Discounts to the Payments of Sales for Brazil.

To set up a discount item for Brazil:

1. Go to Lists > Accounting > Items.

2. Click Edit next to the SalesDiscount item.

3. In the Subsidiary field, clear the selection of the subsidiaries located outside of Brazil.

   By default, NetSuite automatically selects all the subsidiaries from your account. However, the discount item should not be associated with subsidiaries outside of Brazil. Keep the selection to Brazilian subsidiaries only.

4. Click the Accounting subtab.

5. In the Account field, select the account to which to post the discount amounts.

   The discount granted upon receiving a payment is categorized as an expense.

6. Click Save.

Related Topics

Setting Up Fine and Interest Items for Brazil

Setting Up the Discount Item for Brazil

Creating Terms of Payment for Brazil

Finding Predefined Bank Slip Templates for Brazil

Creating Bank Records for Brazil

Creating Banking Information Records for Brazil

Enabling Payments for Brazil in Custom Transactions

General Notices