Creating Items for Brazil

Note:

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

In Brazil, you can create items with codes that change how taxes are levied, and with accounts to which to post amounts from Brazil-related operations.

To create an item for Brazil:

1. Go to Lists > Accounting > Items > New.

2. Click the item type you want.

   Brazil Localization supports the following item types:

   • Assembly item

   • Inventory item

   • Group

   • Kit/package

   • Lot numbered assembly item

   • Lot numbered inventory item

   • Non-inventory item

   • Other charge

   • Serialized assembly item

   • Serialized inventory item

   • Service

3. In the Item Name/Number field, enter the name of the item.

   This name appears in lists on transactions.

4. (Optional) In the Display Name/Code field, enter an optional name for the item in addition to the Item Name/Number.

   On PDF representations of electronic invoices for goods, Brazil Localization enters the display name as the code of the item under the Dados dos Produtos section. If you do not enter a display name, the SuiteApp prints the Item Name/Number on the PDF.

5. Fill the relevant information.

   For more information, see Creating Item Records.

6. (Optional) If you want to classify and apply specific tax rules to the item, under Classification, in the SuiteTax Latam Engine Item Code field, select the appropriate code.

   When you have the SuiteTax Latam Engine – Brazil Records SuiteApp installed, the field lists both MCN codes and service codes. For more information about item codes, see Creating Item Codes in the SuiteTax Latam Engine.

7. (Optional) In the SPED EFD Type field, select the type of the item according to the classification defined by the Sistema Público de Escrituração Digital (SPED).

   For more information, see Associating SPED EFD Types with Items.

8. If the item is a product, under Classification, do the following:

   1. (Optional) In the Origin field, select the code that identifies the origin of the item.

   2. (Optional) If the item is subject to the Imposto Sobre Produtos Industrializados (IPI), in the IPI Legal Framing Code field, select the appropriate IPI legal framing code.

   3. (Optional) If the item is subject to Imposto sobre Circulação de Mercadorias e Serviços de Transporte Interestadual, Intermunicipal e de Comunicação (ICMS) tax substitution, in the CEST Code field, select the Código Especificador da Substituição Tributária (CEST) code you want to associate with the item.

9. Click the Accounting subtab.

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

    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.

11. If the item is a product, in the Returned Goods Account field, select the default account to which to post debit amounts from goods return transactions involving this item.

    When customers return goods to your company, NetSuite reverses GL entries related to the transaction.

12. Click Save.

Related Topics

Getting Started with Brazil Localization

Brazil GL Lines Plug-in Deployment

Enabling Withheld Tax Amounts Splitting Between Installments

Setup for Special Taxation and Tax Accounting for Brazil

Adding the Type of Inventory Ownership and Custody to Locations for Brazil

Setting Up Subsidiaries for Brazil

Setting Up Customers or Vendors for Brazil

Setting Up Employees for Brazil

Setting Up Contacts for Brazil

Setting Up the AFRMM Expense Category for Brazil

General Notices