Setting Up Ireland-specific Preferences
To setup your NetSuite account according to Ireland-specific preferences, you must adjust your NetSuite Company and Subsidiary settings.
Make sure that your NetSuite role has the appropriate permissions to set up company preferences specific to Ireland.
To adjust NetSuite company settings:
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Go to Setup > Company > Setup Tasks > States/Provincies/Counties and add the country names and short names.
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Go to Setup > Company > General Preferences:
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In the Date Format fields, specify the date format (DD/MM/YYYY) and long date format (DD Month YYYY).
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In the Number Format field, specify the number format.
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On the Accounting Contexts subtab, create an accounting context (for example, you can call it Ireland) if your main Chart of Accounts is not the statutory Ireland Chart of Accounts. For more information, see Accounting Context.
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On the Languages subtab, make sure that English is selected. You can also select other languages that you would like to use on your website or on printed transactions.
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For more information on localizing preferences in NetSuite, see Setting Personal Preferences.
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Click Save.
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Go to Setup > Company > Setup Tasks > Company Information:
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Set the currency for Ireland (this would be the currency of the top parent subsidiary if you have multiple subsidiaries). The Irish currency is EUR.
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Set the VAT registration number for the parent subsidiary.
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Specify the appropriate time zone: (GMT) Greenwich Mean Time: Dublin, Edinburgh, Lisbon, London
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Click Save.
To adjust NetSuite subsidiary settings:
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Go to Setup > Company > Subsidiaries.
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Create a subsidiary record for each of your legal entities. For more information, see Creating Subsidiary Records.
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If you are using accounts without SuiteTax, set the VAT registration number.
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Enable the following features:
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(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
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(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.
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(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 Ireland:
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Go to Home > Set Preferences.
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Go to the General subtab:
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In the Localization subtab, you can set up language and time preferences.
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In the Formatting subtab, you can set up date and time formats.
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Click Save.