France Localization Preferences

The following provides information about the settings on the France Localization Configuration page:

• General Configuration

  • Use Document Date to Define Due Date – If checked, the SuiteApp will use the document date, instead of the transaction date, to determine the due date. This means that the due date is derived from the document date and the billing terms (on the Billing subtab) of the transaction. You can still override the due date determined from document date and the transaction’s billing terms on the transaction record.

    Note:

    The default billing terms on the transaction record are derived from the billing terms set on the Financial subtab of the customer record. If you would like to override the default billing terms, you can do so directly on the transaction record. The billing terms indicated on the transaction record (default or overridden) and the document date will be used to determine the due date.

    For example, you had set a payment term on the customer record. An invoice is created for this customer. No terms have been set. Consequently, the due date is determined from the document date alone. For more information, see Using Terms of Payment.

  • Check Open Accounting Periods – If checked, the SuiteApp will check and notify you if you are posting a transaction while 24 accounting periods or two accounting years are still open. For more information, see Open Accounting Periods Evaluation.

    Note:

    This feature is enabled by default so that your NetSuite account is fully compliant with the Plan Comptable Générale and Fichier d’Ecritures Comptables (FEC) requirements.

  • Use Customer/Vendor ID for FEC CompAuxNum Field – If checked, the CompAuxNum field in France FEC file will be derived from Vendor ID or Customer ID rather than from Internal ID. You can customize the Vendor or Customer ID using the Auto-Generated Numbering feature.

    For example, you had set the Customer ID with a prefix CUST and a sequential number starting from 1: CUST0001. This ID will be used instead of the NetSuite-generated Internal ID. The Internal ID is automatically set, and is unique to every record in NetSuite. You cannot customize an Internal ID.

    For information about auto-generated numbering, see Set Auto-Generated Numbers. For information about internal IDs, see Viewing Internal IDs in NetSuite.

  • Use Period End Journals – This box is checked by default even if the Period End Journals feature in your NetSuite account is disabled. As a best practice, use period end journals to report Fiscal Year closing and opening entries in your FEC file. Make sure that you configure the Period End Journals feature on your France subsidiary settings. For more information, see Including Period End Journals in France FEC.

    If you use period end journals, you must set which entries will be included in the FEC file. You can set this up in Setup > Tax Reporting > Country Tax Report Preferences. For more information, on the France Localization Configuration page, go to the Fiscal Year Opening/Closing Entries section of the FEC Configuration subtab of the France Localization Configuration page.

  • Use Dynamically Calculated Entries – Check this box if you are not using period end journals or the NetSuite Period End Journals feature is disabled.

    Important:

    To be fully compliant with the France accounting laws, use period end journals. You can use this option mainly if you did not use period end journals on closed Fiscal Years, such as, if you are generating the FEC file for past Fiscal Years where you did not generate period end journal entries.

    If this box is checked, dynamically calculated journal entries are included in the FEC file. You can choose to include opening balance and closing income statement entries in the FEC file by checking any or both of the Include Opening Balance and Include Closing Balance boxes.

  • Custom Transaction Translations – The French translations of the custom transactions that you enter here will be used for the JournalLib and for generating the EcritureLib for the FEC Data Extract and the FEC Lettrage files.

    Important:

    The FEC report must be submitted in French. All transaction names including the custom transaction names should be translated in French.

• FEC Configuration – This contains steps to enable features and set the preferences that help ensure your compliance with the France FEC requirements. For more information, see Best Practices for FEC Compliance. For information about the contents of the France FEC files provided by this SuiteApp, see Fichier d’Ecritures Comptables (FEC) in France Localization.

General Notices