Israel Help Topics

The following help topics provide information about NetSuite features that are specific for companies doing business in Israel. The NetSuite International Edition can be configured with capabilities and reports specific to an Israel business setting and requirements.

To know more about localized editions of NetSuite, as well as setting up NetSuite accounts and subsidiaries, refer to the following help topics:

NetSuite Editions Overview
Set up NetSuite OneWorld
Creating Subsidiary Records
Introduction to NetSuite OneWorld — for companies using NetSuite across multiple subsidiaries and countries

Please note that general NetSuite features are covered in other chapters and topics.

Israel Localization

The Israel Localization provides localized templates and features for Israeli invoicing. For more information, see the following topics:

To know more about localized editions of NetSuite, as well as setting up NetSuite accounts and subsidiaries, refer to the following help topics:

NetSuite Editions Overview
Set up NetSuite OneWorld
Creating Subsidiary Records
Introduction to NetSuite OneWorld — for companies using NetSuite across multiple subsidiaries and countries

Please note that general NetSuite features are covered in other chapters and topics.

General Setup

Israel Account Setup: Provides an overview of NetSuite features to be enabled by the user in Israel and SuiteApps available for installation.

Setting Up Israel-specific Preferences: Set up your NetSuite company and user preferences for Israel, including date, currency, language, time zone, and support for Israeli number, phone, and address format.

Functional Areas

Israeli users can activate and get access to different features from the following functional areas:

Accounting
Banking

To learn more about SuiteApps installation, see Installing a Bundle.

To learn more about enabling NetSuite features, see Enabling Features.

Important:

If you do not have sufficient permissions to install SuiteApps or enable features, please contact your account administrator.

Accounting

Feature	Description	Prerequisites
Accounting Contexts	Provides a solution if your main Chart of Accounts does not follow the Israeli account numbering requirements. Through the Accounting Contexts subtab on the General Preferences page, you can create an Israel Accounting Context, which allows mapping between the main accounts and the Israel-specific account numbers.	Available in all OneWorld accounts.
GL Audit Numbering	Applies gapless numbering sequences to all general ledger posting transactions. This is an optional feature and is a prerequisite for the GL Impact Locking feature.	Enable the GL Audit Numbering feature; see Enabling GL Audit Numbering and Setting Preferences
GL Impact Locking	Requires the GL Audit Numbering feature. When you use this feature on a company or a subsidiary, any change to a GL impacted field or entity field on a GL numbered impacting transaction after running a GL audit numbering sequence automatically generates copy and reversal transactions. These transactions appear on the GL Impact subtab on the original GL impacted transaction.	Enable the GL Audit Numbering feature; see Enabling GL Audit Numbering and Setting Preferences Check the GL Impact Locking box on the Company Information or Subsidiary page; see GL Impact Locking.
Transaction Locking SuiteApp	In certain countries, accounting regulations require you to lock transactions to prevent anyone from making changes to them. The Transaction Locking SuiteApp locks transactions by hiding the Edit and Delete buttons from specific transaction records.	Install the Transaction Locking SuiteApp. For more information, see Transaction Locking SuiteApp.
Israel Self-Invoice	This feature reports transactions to tax authorities, both VAT on the purchase and VAT on sales. The Self-Invoice is issued internally.	Install the Israel Localization SuiteApp. For more information, see Prerequisites for Installing the Israel Localization SuiteApp and Installing the Israel Localization SuiteApp.
Israeli Saved Financial Reports	These include Israeli Transaction Statement and Israeli Account Reconciliation.

Feature

Description

Prerequisites

Accounting Contexts

Provides a solution if your main Chart of Accounts does not follow the Israeli account numbering requirements. Through the Accounting Contexts subtab on the General Preferences page, you can create an Israel Accounting Context, which allows mapping between the main accounts and the Israel-specific account numbers.

Available in all OneWorld accounts.

GL Audit Numbering

Applies gapless numbering sequences to all general ledger posting transactions. This is an optional feature and is a prerequisite for the GL Impact Locking feature.

Enable the GL Audit Numbering feature; see Enabling GL Audit Numbering and Setting Preferences

GL Impact Locking

Requires the GL Audit Numbering feature.

When you use this feature on a company or a subsidiary, any change to a GL impacted field or entity field on a GL numbered impacting transaction after running a GL audit numbering sequence automatically generates copy and reversal transactions. These transactions appear on the GL Impact subtab on the original GL impacted transaction.

Enable the GL Audit Numbering feature; see Enabling GL Audit Numbering and Setting Preferences
Check the GL Impact Locking box on the Company Information or Subsidiary page; see GL Impact Locking.

Transaction Locking SuiteApp

In certain countries, accounting regulations require you to lock transactions to prevent anyone from making changes to them. The Transaction Locking SuiteApp locks transactions by hiding the Edit and Delete buttons from specific transaction records.

Install the Transaction Locking SuiteApp. For more information, see Transaction Locking SuiteApp.

Israel Self-Invoice

This feature reports transactions to tax authorities, both VAT on the purchase and VAT on sales. The Self-Invoice is issued internally.

Install the Israel Localization SuiteApp. For more information, see Prerequisites for Installing the Israel Localization SuiteApp and Installing the Israel Localization SuiteApp.

Israeli Saved Financial Reports

These include Israeli Transaction Statement and Israeli Account Reconciliation.

Banking

Feature	Description	Prerequisites
Bank Statement Import	Enables you to import Israel bank statements to QFX format using a file converter.	Install Israel Localization SuiteApp. For more information, see Prerequisites for Installing the Israel Localization SuiteApp and Installing the Israel Localization SuiteApp.
Matching Bank Data	You can match imported bank statement transactions with NetSuite transactions.	See Permissions for Banking Features or the proper permissions to use the Match Bank Data and Reconcile Account Statement pages. If you want to use these pages for an account, check the Use Match Bank Data and Reconcile Account Statement Pages box on the Edit Account page. For more information, see Editing an Account.
Submitting Matched or User-Cleared Transactions	After matching the transactions, you can submit the matches and continue to the reconciliation process.
Reconciling Transactions	After submitting transactions that have been matched or marked as cleared pending submission, you can reconcile your account statement.
Israeli Check Printing	Enables you to print Israeli Checks directly from NetSuite.	Install Israel Localization SuiteApp. For more information, see Prerequisites for Installing the Israel Localization SuiteApp and Installing the Israel Localization SuiteApp.

Feature

Description

Prerequisites

Bank Statement Import

Enables you to import Israel bank statements to QFX format using a file converter.

Install Israel Localization SuiteApp. For more information, see Prerequisites for Installing the Israel Localization SuiteApp and Installing the Israel Localization SuiteApp.

Matching Bank Data

You can match imported bank statement transactions with NetSuite transactions.

See Permissions for Banking Features or the proper permissions to use the Match Bank Data and Reconcile Account Statement pages.

If you want to use these pages for an account, check the Use Match Bank Data and Reconcile Account Statement Pages box on the Edit Account page. For more information, see Editing an Account.

Submitting Matched or User-Cleared Transactions

After matching the transactions, you can submit the matches and continue to the reconciliation process.

Reconciling Transactions

After submitting transactions that have been matched or marked as cleared pending submission, you can reconcile your account statement.

Israeli Check Printing

Enables you to print Israeli Checks directly from NetSuite.

Install Israel Localization SuiteApp. For more information, see Prerequisites for Installing the Israel Localization SuiteApp and Installing the Israel Localization SuiteApp.

General Notices