1. Country-Specific Features
  2. Netherlands Help Topics
  3. Setting Up Netherlands-Specific Preferences

Setting Up Netherlands-Specific Preferences

To setup your NetSuite account according to Netherlands-specific preferences, you must adjust your NetSuite Company, and Subsidiary settings.

Note:

Make sure that your NetSuite role has the appropriate permissions to set up company preferences specific to the Netherlands.

To adjust Netherlands-specific company settings:

  1. Go to Setup > Company > Setup Tasks > States/Provinces/Counties.

  2. Add a record for each of the following provinces:

    • Drenthe

    • Flevoland

    • Friesland

    • Gelderland

    • Groningen

    • Limburg

    • North Brabant

    • North Holland

    • Overijssel

    • South Holland

    • Utrecht

    • Zeeland

    For more information about setting up States/Provinces/Counties, see Setting Up States, Provinces, and Counties.

  3. Go to Setup > Company > Preferences > General Preferences.

    1. In the Date Format field, specify the date format (DD/MM/YYYY) and long date format (DD Month YYYY).

    2. In the Number Format field, specify the number format in the Netherlands.

    3. On the Accounting Contexts subtab, create an accounting context (for example, you can call it Netherlands) if your main Chart of Accounts do not fulfill the legally prescribed templates for specific reports and tax declaration in the Netherlands. For more information, see Accounting Contexts.

    4. On the Languages subtab, make sure that Nederlands is selected. You can also select other languages that you would like to use on your website or on printed transactions.

    For more information about localizing preferences in NetSuite, see General Personal Preferences.

  4. Go to Setup > Company > Setup Tasks > Company Information.

    1. Set the currency to Euro (EUR). For more information, see Setting a Base Currency.

    2. Specify VAT registration number for the parent subsidiary.

    3. Select the appropriate time zone: GMT +1:00 Amsterdam, Berlin, Bern, Rome, Stockholm, Vienna.

  5. Click Save.

For more information about setting up company information, see Configuring Company Information.

To adjust NetSuite Subsidiary settings:

  1. Go to Setup > Company > Classifications > Subsidiaries.

  2. Create a subsidiary record for each of your legal entities. For more information, see Creating Subsidiary Records.

  3. On the Subsidiary page:

    1. (For NetSuite accounts without SuiteTax) On the VAT Registration No. field, fill in the VAT registration number.

      (For NetSuite accounts with SuiteTax) On the Tax Registrations subtab, add your VAT registration number, the country, nexus, and the tax agency of the country.

    2. Check the GL Impact Locking box.

      This checkbox is visible only in NetSuite OneWorld accounts with an enabled GL Audit Numbering feature. When you use GL Impact Locking for a company or a subsidiary, any change to a general ledger 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 are displayed on the GL Impact subtab of the original general ledger impacted transaction. For more information, see GL Impact Locking.

    3. Period End Journal Entries feature. You can define additional settings for the Period End Journal Entries feature through the Subsidiary Settings Manager page. For more information, see Defining Subsidiary Settings for the Period End Journal Entries Feature.

      The Period End Journal Entries feature processes and posts subsidiary consolidation and income statement closing using a transaction type called Period End Journal. Period End Journals are generated automatically when you complete the Create Period End Journals task on the Period Close Checklist. For more information, see Period End Journal Entries.

  4. (Optional) If you have subsidiaries in different countries, which require different format settings such as date, number, time zone, and CSV delimiter, set those preferences on the Preferences subtab.

Note:

If you have subsidiaries in different countries with different format settings, you can select language preferences for each subsidiary. Go to Setup > Company > Preferences > General Preferences and select the language in the Languages subtab. For more information, see Configuring Multiple Languages.

Adjusting NetSuite User Preferences

As a best practice, define preferences at the company or subsidiary level. User preferences usually take precedence over the other preferences set for a role, subsidiary, or company. If a user is linked to a subsidiary, that user will inherit the settings set on the subsidiary record. For more information, see General Personal Preferences.

To set user preferences for a Netherlands Account:

  1. Go to Home > Set Preferences.

  2. On the General subtab, set the following preferences:

    1. Nederlands in the Language field.

    2. GMT +1:00 Amsterdam, Berlin, Bern, Rome, Stockholm, Vienna in the Time Zone field.

  3. On the Formatting subtab, select your preferred date and tie formats.

  4. Click Save.

Related Topics

General Notices