Setting Up Transaction Natures for Brazil

Note:

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

In Brazil, transaction natures describe the type of business transaction you performed. For example, they can indicate if you sold a product to a reseller or an end consumer. The transaction nature may be required in electronic invoices.

The Brazil Localization SuiteApp includes a set of predefined transaction natures for common transactions. You can edit the predefined records and adjust them, or you can create transaction natures to fit your business needs.

The predefined transaction natures all include default Códigos Fiscais de Operações e Prestações (CFOP) codes for intrastate, interstate, and international transactions. When you add items to a transaction, NetSuite automatically populates the CFOP code based on the selected transaction nature.

To set up a transaction nature:

Go to Setup > Brazil Localization > Transaction Nature.
Click Edit next to the transaction nature you want.
To rename the record, in the Name field, enter a new name for the transaction nature.
To associate the transaction nature with other e-document categories, in the E-Document Category field, select one or more types of e-document.

When you associate an e-document category with a transaction nature, NetSuite populates the transaction nature automatically on transactions using the selected e-document category.
To automatically populate the Additional Information field in transactions with this nature, in the Default Additional Information Preset field, select a preset.

For more information, see Creating Additional Information Presets.
If this nature represents transactions subject to specific conditions, in the Purpose field, select one or multiple purposes to which the nature applies.

The purpose helps NetSuite to identify transactions with specific conditions, such as accounting, taxation, or invoicing particularities. Brazil Localization provides the following predefined purposes:
- Import of goods – Represents the importing of goods into Brazil. Posts the adequate journal entries for imports.
- Sale to end consumer – Represents the selling or reselling of goods to the consumer who buys and uses the goods. Populates the field in the e-document file that indicates that the electronic invoice is destined to the end consumer.
To change the predefined CFOP codes for items on incoming transactions with the transaction nature, do the following:
1. In the CFOP Code for Incoming Intrastate Transactions field, select the CFOP code you want to set as default for items on incoming transactions with companies from the same state.
2. In the CFOP Code for Incoming Interstate Transactions field, select the CFOP code you want to set as default for items on incoming transactions with companies from different states.
3. In the CFOP Code for Incoming International Transactions field, select the CFOP code you want to set as default for items on incoming transactions with companies from different countries.
To change the predefined CFOP codes for items on outgoing transactions with the transaction nature, do the following:
1. In the CFOP Code for Outgoing Intrastate Transactions field, select the CFOP code you want to set as default for items on outgoing transactions with companies from the same state.
2. In the CFOP Code for Outgoing Interstate Transactions field, select the CFOP code you want to set as default for items on outgoing transactions with companies from different states.
3. In the CFOP Code for Outgoing International Transactions field, select the CFOP code you want to set as default for items on outgoing transactions with companies from different countries.
Note:
If you prefer not to have default CFOP codes, you can clear the previous fields. In Brazil, the CFOP code is required for transactions involving goods, but not for transactions involving services.
Click Save.

To set up a transaction nature:

Related Topics