1. Country-Specific Features
  2. Finland Help Topics
  3. Finland Account Setup

Finland Account Setup

Setting up an account for an organization doing business in Finland usually requires enabling several features and installing some additional SuiteApps.

Enabling Features

Some features available in your NetSuite account can be very important or even essential for users in Finland. If they are inactive, you should consider enabling them. Follow the instructions below to enable the most common features beneficial for users in Finland. However, if you want to get access to some specific product area, go to the Functional Areas help topic and check the exact requirements.

If you don’t have sufficient permissions to enable features, please contact your account administrator.

Note:

Make sure that your NetSuite role has the appropriate permissions to install bundles and enable features.

To enable most common features:

  1. Go to Setup > Company > Setup Tasks > Enable Features.

  2. On the Company subtab, go to the International section and check the Multi–language and Multiple Currencies boxes.

  3. (Optional) On the Accounting subtab, go to the Basic features subtab, and check the GL Audit Numbering box.

  4. (Optional) On the Accounting subtab, go to the Advanced features subtab, and check the Period End Journal Entries and Foreign Currency Variance Mapping boxes.

  5. On the SuiteCloud subtab, enable the following features:

    • SuiteBuilder

    • SuiteScript

    • SuiteGL

    • SuiteFlow

    For more information about SuiteCloud features, see SuiteCloud Features.

  6. If your company is registered for EU One Stop Shop, on the Tax subtab check the EU One Stop Shop box.

  7. Click Save.

To install required SuiteApps:

  1. Go to Customization > SuiteBundler > Search & Install Bundles.

  2. Search for the following SuiteApps, and then install them:

    • Electronic Bank Payments – Enables bank payments of vendor bills, employee expenses, partner and employee commissions, customer refunds, and customer payments within Finland.

    SuiteApps for accounts without SuiteTax

    • International Tax Reports – Generates Finnish VAT return in Finnish or English, sales and purchase reports by tax code, the generic EU sales list report, and the generic Intrastat report. If your account has the SuiteTax feature enabled, you do not need to install this SuiteApp.

    • Supplementary Tax Calculation – Manages EU reverse charges though automatic posting of notional VAT to the GL, and provides support for the calculation of non-deductible input tax. This SuiteApp works in conjunction with the International Tax Reports SuiteApp and is not compatible with SuiteTax. For more information, see Setting Up Tax Codes to Post Notional Tax Amounts and Recording Nondeductible Input Tax. This SuiteApp also supports VAT on prompt payment discounts (Recording Tax on Prompt Payment Discount).

    • Tax Audit Files - The file enables tax payers to provide their electronic records to tax auditors in support of their tax returns, and for auditors to review accounting records. For Finland the following formats can be used: OECD Standard Audit File for Tax (SAF-T) XML file, GL Data extract

    SuiteTax SuiteApps

    These SuiteApps require the SuiteTax feature. For more information about the SuiteTax feature, see SuiteTax. These three SuiteApps must be installed in the following order:

    1. SuiteTax Engine — Sets default tax codes based on local tax requirements

    2. SuiteTax VAT Records

    3. Tax Reporting Framework — Generates localized country tax reports, supplementary VAT/GST reports, EU Cross-Border reports, Tax Audit Files, and customizable VAT/GST reports. For Finland, the generic summary and detailed tax reports are available. SuiteTax is not compatible with features for accounts without SuiteTax.

For more information about SuiteApps, see SuiteApps.

If your company uses NetSuite across multiple subsidiaries and countries, see Introduction to NetSuite OneWorld.

Related Topics:

General Notices