Creating CFOP codes for Shipping, Electricity, and Telecommunication Services (Brazilian Hub SuiteApp)
You need to identify the purchase of shipping, electricity, and telecommunication services by the corresponding Código Fiscal de Operação e Prestação (CFOP) code.
To create CFOP codes for expenses in NetSuite, you need to also create a Mercosur Common Nomenclature (MCN) code to associate with them. You must use a generic code for this purpose, such as 000.00.00 or 999.99.99. For more information, see Setting Up MCN Codes (Former Brazil Localization SuiteApp).
To create a CFOP code for shipping, electricity, and telecommunication services:
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Go to Setup > Brazil Localization > CFOP Codes > New.
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In the CFOP Code field, enter the CFOP code corresponding to the service.
Consider the following table listing the expense categories and the CFOP codes that you can associate with them.
Expense category
CFOP code
Description
Electricity
1.253
Purchase of electricity by a commercial establishment
1.254
Purchase of electricity by a provider of transportation services
Shipping
1.353
Purchase of shipping service by a commercial establishment (same state)
2.353
Purchase of shipping service by a commercial establishment (different state)
Telecommunication
1.303
Purchase of communication services by a commercial establishment (same state)
2.303
Purchase of communication services by a commercial establishment (different state)
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In the Description field, enter a description for this CFOP code.
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In the MCN Code field, select the MCN code created for expenses.
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Click Save.
For more information about CFOP codes, see Setting Up CFOP Codes (Former Brazil Localization SuiteApp).