Setting Up Nature of Transaction Codes
The International Tax Reports SuiteApp includes nature of transaction codes for some countries. However, if the code you need is not provided by NetSuite, you can create a new nature of transaction code which will be picked up by NetSuite in the Intrastat report, see Creating a Nature of Transaction Code.
Nature of transaction codes should be set up separately for each nexus. After setting up nature of transaction codes for your nexuses, you can set up a default nature of transaction code for each transaction type of each nexus, see Setting Up Default Nature of Transaction Codes on Transaction Records.
To set up a nature of transaction code for a nexus:
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Go to Setup > Accounting > Manage Tax Reporting.
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Click the Intrastat Reporting subtab.
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Select a nexus.
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Select the nature of transaction codes that you need for the nexus.
Tip:Press and hold the CTRL key to select multiple codes in the list.
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Click Save.
After you have set up nature of transaction codes for your nexus, they will become available for selection in the Nature of Transaction Code dropdown field on transaction records. For information about selecting nature of transaction codes on transaction records, see Setting Up Default Nature of Transaction Codes on Transaction Records.
The nature of transaction codes that you set up on the Intrastat Reporting subtab are also available on the Intrastat Defaults subtab.
