Setting Transaction Accounts for Subsidiaries in Brazil

Note:

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

The Brazil Localization SuiteApp adds fields to the subsidiary record that enable you to define default accounts to which to post amounts from transactions.

To set transaction accounts for a subsidiary in Brazil:

1. Go to Setup > Company > Classifications > Subsidiaries.

2. Click Edit next to the subsidiary you want.

3. In the Canceled Sales Account field, select the default account to which to post amounts from canceled sales transactions involving this subsidiary.

   When you cancel an invoice, NetSuite reverses GL entries related to the transaction. In general, the canceled sales account is a cost of goods sold account.

4. In the Inventory Adjustment Account field, select the default account to which to post amounts from inventory adjustments for inbound or outbound deliveries.

   When you create inbound or outbound delivery transactions involving inventory items, NetSuite creates inventory adjustments to update your stock's quantities and values.

5. Click Save.

Related Topics

• Setting Up Subsidiaries for Brazil
• Adding Tax Substitute Registrations to Subsidiaries in Brazil

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