Making Journal Entries from Tax Assessments for Brazil

Note:

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

If you want to use credits to offset the amount of taxes due, after you generate a report from a tax assessment, make a journal entry to balance your accounts.

To make a journal entry from a tax assessment for Brazil:

1. Go to the type of tax assessment for which you want to create the journal entry:

   • For ICMS, go to Reports > Brazil Reports > ICMS Assessment.

   • For IPI, go to Reports > Brazil Reports > IPI Assessment.

   • For ISS, go to Reports > Brazil Reports > ISS Assessment

   • For PIS or COFINS, go to Reports > Brazil Reports > PIS and COFINS Assessment.

2. Next to the tax assessment, click View.

3. Click Make Journal Entry.

   NetSuite redirects you to a journal entry transaction populated with information from the assessment.

4. Review the information populated in the transaction, such as the memo and the journal lines.

5. (Optional) Fill in other relevant fields.

   For more information, see Entering General Journal Transactions.

6. Click Save.

   Tip:

   To view the tax assessment that originated this journal entry, in the Origin Assessment field, click the link to go to the assessment.

Related Topics

• Tax Assessment for Brazil
• Assessing ICMS
• Assessing IPI
• Assessing IRPJ and CSLL
• Assessing ISS
• Assessing PIS and COFINS
• Monitoring the Generation of Tax Assessment Reports
• Tax Bills for Brazil

General Notices