Setting Up China Cash Flow Item for Subsidiary

Note:

This feature requires the China Localization SuiteApp

NetSuite China Localization adds the China Cash Flow Item field for subsidiaries. This enables companies to set the default Cash Flow Item for their specific subsidiary without configuring the Cash Flow Item field value per item. NetSuite uses this field when creating or editing a transaction record that needs to complete the China Cash Flow Item field. For more information about the China Localization SuiteApp logic, see Cash Flow Item Default Logic For China Cash Flow Values In Transactions.

To setup China Cash Flow Item in subsidiary record:

1. Go to Setup > Company > Subsidiaries.

2. Select a subsidiary.

3. Click Edit.

4. In the Default Cash Inflow Item field, select the China cash flow classification from the drop down list. The Default Cash Inflow Item field automatically sets the Cash Flow Item field for accounts receivable transactions made in this subsidiary. NetSuite also applies the credit amount to non-bank journal lines. See China Cash Flow Item Classification for details.

5. In the Default Cash Outflow Item field, select the China cash flow classification from the drop down list. The Default Cash Outflow Item field automatically sets the Cash Flow Item field for accounts payable transactions made in this subsidiary. NetSuite also applies the debit amount to non-bank journal lines. See China Cash Flow Item Classification for details.

6. (Optional) Enable or Disable the Use Header CFI Value to Override Line Items Under the Subtabs box to prioritize the China Cash Flow Item classification set in the transaction record. The line item classification for Chine Cash Flow Item takes precedence over the classification in the transaction record by default. To prioritize the classification at the transaction level, enable this setting. For more information, see China Cash Flow Item Classification for details. This setting is disabled by default.

7. (Optional) In the Default Cash Outflow Item for Vendor Prepayment field, select a cash flow item category to be used as default for every vendor prepayment created. If left blank, the default category Cash Paid for Goods and Services will be used.

8. Click Save.

Note:

If the transaction does not have a line with an account with Bank as its account type, the default value is cleared when the journal is saved.

Related Topics

• China Terminology
• Setting Up China Localization
• Known Limitations of NetSuite China Localization
• Using Chinese Accounting Periods
• Setting up China Cash Flow Item for Chart of Accounts
• Setting Up China Cash Flow Item for Inventory Items
• Setting the China Max VAT Invoice Amount
• Setting Up China Item Models for Inventory Items
• Setting Up China Bank Account Name
• Setting China VAT Taxpayer Types
• Customizing Creator, Poster, and Approver in China Voucher Printing Report

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