Setting Up United Kingdom-specific Preferences

To setup your NetSuite account according to UK-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 UK.

To set personal preferences tailored for users using NetSuite in United Kingdom, follow the procedures:

To adjust NetSuite company settings:

1. Go to Setup > Company > Setup Tasks > State/Provinces/Counties and add the county names.

2. Go to Setup > Company > General Preferences

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

   • In the Number Format field, specify the number format.

   • On the Languages subtab, select the languages to which you want to translate information that appears on your website or printed transactions. English (International) and English (United Kingdom) are available but other languages can be added if you would like to translate sales documents or your website in a foreign language. For more information, see Configuring Multiple Languages

   • On the Accounting Context subtab, create an accounting context (for example you can call it UK) if your main Chart of Accounts is not the statutory U.K. Chart of Accounts. For more information on this functionality, see Accounting Contexts.

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

   • Click Save.

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

   • Set the currency for the United Kingdom (this would be the currency of the top parent subsidiary if you have multiple subsidiaries). The United Kingdom currency is GBP.

   • Set the VAT registration number for the parent subsidiary

   • Specify the appropriate time zone: (GMT) Greenwich Mean Time: Dublin, Edinburgh, Lisbon, London

4. Click Save.

To adjust NetSuite subsidiary settings:

1. Go to Setup > Company > Subsidiaries

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

3. If you are using accounts without SuiteTax, set the VAT registration number.

4. Enable the following features:

   • (Optional) Enable the GL Impact Locking feature on the subsidiary. This option is visible in NetSuite OneWorld accounts and only when the GL Audit Numbering feature is enabled. 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 transaction with a GL audit number assigned (after running a GL audit numbering sequence) automatically generates copy and reversal GL entries. These transactions display on the GL Impact subtab of the edited transaction. For more information, see

   • (Optional) Period End Journal Entries feature. You can define additional settings for the Period End Journal Entries feature by clicking Subsidiary Settings on the upper right corner of the page. 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.

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

   At subsidiary level, you can also define the language that users assigned to this subsidiary will use.

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 Setting Personal Preferences.

To set personal preference for users in United Kingdom:

1. Go to Home > Set Preferences.

2. Go to the General subtab:

   • In the Localization subtab, you can set up language and time preferences.

   • In the Formatting subtab, you can set up date and time formats.

3. Click Save.

Related Topics

United Kingdom Account Setup

United Kingdom-specific SuiteApps

United Kingdom Tax Topics For Accounts Without SuiteTax

United Kingdom Payment Formats

General Notices