Japan Help Topics

Overview

These Help topics cover NetSuite features specific to business settings, requirements and practices in Japan.

General NetSuite features are discussed in other chapters and topics.

General Setup

Functional Area	Feature	Description
Required Setup	NetSuite Japan Edition and Account Setup	An overview of NetSuite Japan (JP) edition with references to NetSuite OneWorld, subsidiaries and preferences.
Setting Up Japan-specific Preferences	Set up your company and user preferences in NetSuite with support for Japanese language, calendar, address, currency formats, and time zone.
Mobile Devices	Configuring NetSuite for Mobile	Configure NetSuite localization settings for mobile devices.

Functional Area

Feature

Description

Required Setup

NetSuite Japan Edition and Account Setup

An overview of NetSuite Japan (JP) edition with references to NetSuite OneWorld, subsidiaries and preferences.

Setting Up Japan-specific Preferences

Set up your company and user preferences in NetSuite with support for Japanese language, calendar, address, currency formats, and time zone.

Mobile Devices

Configuring NetSuite for Mobile

Configure NetSuite localization settings for mobile devices.

Accounting

Functional Area	Feature	Description
General Accounting	Using Japanese Accounting Periods	The NetSuite Japan Edition provides pre-defined accounting periods that meet the requirements of common Japanese business practices.
Banking	Meeting Japanese Banking Requirements	The NetSuite Japan Edition supports Japanese bank account information and enables you to manage customer and vendor bank accounts for transactions or payments.
Taxation	Consumption Tax Overview -Japan	In Japan, consumption tax is a nationwide tax levied on the sale and lease of domestic goods and services as well as foreign goods. Japanese businesses collect this tax from companies and consumers that purchase their goods and services.
Japan Consumption Tax Form	Use the Japan Consumption Tax Form to accomplish your company’s tax return. The page contains subtabs for tax tables and appendices. Automatic calculation of deductible purchase tax and taxable sales ratio is integrated in the appendices.
Japan Consumption Tax Reports	These reports contain tax information for specific categories that you can reference when preparing tax returns.
Financial Statements	Japan Comparative Balance Sheet (Beta)	The Japan Comparative Balance Sheet shows assets, liabilities, and equities in a specified period and in the previous year for comparison.
Japan Comparative Income Statement (Beta)	The Japan Comparative Income Statement summarizes your company’s or subsidiary’s income, expenses, and net income in a specified period and in the previous year for comparison.
Japan Trial Balance New (Beta)	The Japan Trial Balance New combines the Comparative Balance Sheet and Comparative Income Statement, showing the Beginning Balance, Debit, Credit, Ending Balance, and Ratio in a specified period and in the previous year.
Japanese Balance Sheet	The Japanese Balance Sheet Report summarizes assets, liabilities, and equity in a particular month, quarter, or year. The report is presented in the prescribed layout.
Japanese Income Statement	The Japanese Income Statement Report shows the company’s income, expenses, and net income for a specific period. The report is presented in the prescribed layout.
Japanese Cash Flow Statement	The Japanese Cash Flow Statement Report shows activities that affect a company’s cash balance during a selected time period. The report is presented in the prescribed layout.
Japanese Trial Balance	The Japanese Trial Balance shows active account balances in credit and debit columns, for a specific period, usually at the end of the month.
Japan Financial Statements	The Japan Financial Statements SuiteApp lets you define and generate these reports: Comparative Balance Sheet Comparative Income Statement New Trial Balance Balance Sheet Income Statement Cash Flow Statement Trial Balance The SuiteApp provides two templates for the financial statements, one template in English and the other in Japanese. These reports are submitted to the tax office as part of an audit report, which includes the names of the auditors.
Fixed Assets Management	Japan Fixed Assets Reports	Japan Fixed Assets Reports generates reports for depreciable fixed assets and corresponding tax reports. The SuiteApp computes depreciation rates from the tax agency and depreciation methods to apply to depreciable asset tax reports. The reports comply with requirements of municipal tax agencies in Japan.
Depreciation Methods	Fixed Assets Management in NetSuite supports Japanese language and you can define your own fixed assets depreciation methods.

Functional Area

Feature

Description

General Accounting

Using Japanese Accounting Periods

The NetSuite Japan Edition provides pre-defined accounting periods that meet the requirements of common Japanese business practices.

Banking

Meeting Japanese Banking Requirements

The NetSuite Japan Edition supports Japanese bank account information and enables you to manage customer and vendor bank accounts for transactions or payments.

Taxation

Consumption Tax Overview -Japan

In Japan, consumption tax is a nationwide tax levied on the sale and lease of domestic goods and services as well as foreign goods. Japanese businesses collect this tax from companies and consumers that purchase their goods and services.

Japan Consumption Tax Form

Use the Japan Consumption Tax Form to accomplish your company’s tax return. The page contains subtabs for tax tables and appendices. Automatic calculation of deductible purchase tax and taxable sales ratio is integrated in the appendices.

Japan Consumption Tax Reports

These reports contain tax information for specific categories that you can reference when preparing tax returns.

Financial Statements

Japan Comparative Balance Sheet (Beta)

The Japan Comparative Balance Sheet shows assets, liabilities, and equities in a specified period and in the previous year for comparison.

Japan Comparative Income Statement (Beta)

The Japan Comparative Income Statement summarizes your company’s or subsidiary’s income, expenses, and net income in a specified period and in the previous year for comparison.

Japan Trial Balance New (Beta)

The Japan Trial Balance New combines the Comparative Balance Sheet and Comparative Income Statement, showing the Beginning Balance, Debit, Credit, Ending Balance, and Ratio in a specified period and in the previous year.

Japanese Balance Sheet

The Japanese Balance Sheet Report summarizes assets, liabilities, and equity in a particular month, quarter, or year. The report is presented in the prescribed layout.

Japanese Income Statement

The Japanese Income Statement Report shows the company’s income, expenses, and net income for a specific period. The report is presented in the prescribed layout.

Japanese Cash Flow Statement

The Japanese Cash Flow Statement Report shows activities that affect a company’s cash balance during a selected time period. The report is presented in the prescribed layout.

Japanese Trial Balance

The Japanese Trial Balance shows active account balances in credit and debit columns, for a specific period, usually at the end of the month.

Japan Financial Statements

The Japan Financial Statements SuiteApp lets you define and generate these reports:

Comparative Balance Sheet
Comparative Income Statement
New Trial Balance
Balance Sheet
Income Statement
Cash Flow Statement
Trial Balance

The SuiteApp provides two templates for the financial statements, one template in English and the other in Japanese. These reports are submitted to the tax office as part of an audit report, which includes the names of the auditors.

Fixed Assets Management

Japan Fixed Assets Reports

Japan Fixed Assets Reports generates reports for depreciable fixed assets and corresponding tax reports. The SuiteApp computes depreciation rates from the tax agency and depreciation methods to apply to depreciable asset tax reports. The reports comply with requirements of municipal tax agencies in Japan.

Depreciation Methods

Fixed Assets Management in NetSuite supports Japanese language and you can define your own fixed assets depreciation methods.

Order Management

Functional Area	Feature	Description
Billing and Invoices	Japanese Invoice Summary	The invoice summary (formerly called item detail statement, IDS), is a consolidated invoice covering a billing period. The invoice summary can include invoices and credit memos as well as canceled and closed sales orders.
Payment Processing	Using Tegatas	Tegatas are a traditional form of payment in Japan. You can receive payments (receivable tegata) from customers with tagatas, which are like promissory notes. Typically, tegatas have a maturity date of several weeks or even months. On the maturity date, you can collect the full amount of the tegata.
Payment Gateway	Integrate with a local payment gateway service provider, Veritrans, to accept credit card payments from customers. Important: VeriTrans gateway integration is temporarily unavailable in NetSuite 2019.1 due to an ongoing VeriTrans security upgrade. To continue processing credit card payments, use other payment processing profiles. For more information, see Payment Gateways.
Overdue Balances and Collections	Japanese Billing Cycle and Payment Terms	Most Japanese companies use a billing cycle based on the closing date and the payment due date. Similar to credit card payments, companies agree on a closing date with customers before starting business transactions.

Functional Area

Feature

Description

Billing and Invoices

Japanese Invoice Summary

The invoice summary (formerly called item detail statement, IDS), is a consolidated invoice covering a billing period. The invoice summary can include invoices and credit memos as well as canceled and closed sales orders.

Payment Processing

Using Tegatas

Tegatas are a traditional form of payment in Japan. You can receive payments (receivable tegata) from customers with tagatas, which are like promissory notes. Typically, tegatas have a maturity date of several weeks or even months. On the maturity date, you can collect the full amount of the tegata.

Payment Gateway

Integrate with a local payment gateway service provider, Veritrans, to accept credit card payments from customers.

Important:

VeriTrans gateway integration is temporarily unavailable in NetSuite 2019.1 due to an ongoing VeriTrans security upgrade.

To continue processing credit card payments, use other payment processing profiles. For more information, see Payment Gateways.

Overdue Balances and Collections

Japanese Billing Cycle and Payment Terms

Most Japanese companies use a billing cycle based on the closing date and the payment due date. Similar to credit card payments, companies agree on a closing date with customers before starting business transactions.

Vendors, Purchasing and Receiving

Functional Area	Feature	Description
Vendor Payments	Using Tegatas	Make payments to vendors using tegatas (payable tegata), a traditional Japanese form of payment. Tegatas are like promissory notes. Typically, tegatas have a maturity date of several weeks or even months. On the maturity date, you can collect the full amount of the tegata.
Japan Payment Formats	Pay vendor bills and employee expenses by generating payment files that follow the Zengin payment specifications of the Zengin Payment Clearing Network of banks.

Functional Area

Feature

Description

Vendor Payments

Using Tegatas

Make payments to vendors using tegatas (payable tegata), a traditional Japanese form of payment. Tegatas are like promissory notes. Typically, tegatas have a maturity date of several weeks or even months. On the maturity date, you can collect the full amount of the tegata.

Japan Payment Formats

Pay vendor bills and employee expenses by generating payment files that follow the Zengin payment specifications of the Zengin Payment Clearing Network of banks.

SuiteCommerce

Functional Area	Feature	Description
SuiteCommerce Advanced (SCA)	SuiteCommerce and OneWorld	Set up SCA for a particular locale and for OneWorld.
SuiteCommerce Site Builder	Site Builder Overview	Set up a site for a particular locale and for OneWorld.
SuiteCommerce InStore (SCIS)	SuiteCommerce InStore Administrator’s Overview	Set up SCIS for a particular locale.

Functional Area

Feature

Description

SuiteCommerce Advanced (SCA)

SuiteCommerce and OneWorld

Set up SCA for a particular locale and for OneWorld.

SuiteCommerce Site Builder

Site Builder Overview

Set up a site for a particular locale and for OneWorld.

SuiteCommerce InStore (SCIS)

SuiteCommerce InStore Administrator’s Overview

Set up SCIS for a particular locale.

Required SuiteApps

SuiteApp	Description
Installing the Japan Localization SuiteApp	The SuiteApp provides Japan-specific features for supporting Japanese billing cycle, defining payment terms, as well as customization and generation of Japanese invoice summary.
Japan Fixed Assets Reports	Japan Fixed Assets Reports generates reports for depreciable fixed assets and corresponding tax reports. The SuiteApp provides depreciation rates from the tax agency and depreciation methods to apply to depreciable asset tax reports complying with requirements of municipal tax agencies in Japan.
Japan Financial Statements	The SuiteApp generates comparative and non-comparative Balance Sheet, comparative and non-comparative Income Statement, Cash Flow Statement and trial balances. Templates are provided for every financial statement, one template is in English and the other in Japanese.
International Tax Reports	Provides VAT/GST reports and online reporting generated in the local format for ease and accuracy of submission, sales and purchase reports by tax code, and pre-configured tax codes when a new nexus is created.
Electronic Bank Payments	Japanese payment formats are provided for businesses to pay vendor bills and employee expenses, as well as receive payments from customers in Japan.
Payment Gateway	Provides integration with VeriTrans credit card payment gateway for Japan. Important: VeriTrans gateway integration is temporarily unavailable in NetSuite 2019.1 due to an ongoing VeriTrans security upgrade. To continue processing credit card payments, use other payment processing profiles. For more information, see Payment Gateways.

SuiteApp

Description

Installing the Japan Localization SuiteApp

The SuiteApp provides Japan-specific features for supporting Japanese billing cycle, defining payment terms, as well as customization and generation of Japanese invoice summary.

Japan Fixed Assets Reports

Japan Fixed Assets Reports generates reports for depreciable fixed assets and corresponding tax reports. The SuiteApp provides depreciation rates from the tax agency and depreciation methods to apply to depreciable asset tax reports complying with requirements of municipal tax agencies in Japan.

Japan Financial Statements

The SuiteApp generates comparative and non-comparative Balance Sheet, comparative and non-comparative Income Statement, Cash Flow Statement and trial balances. Templates are provided for every financial statement, one template is in English and the other in Japanese.

International Tax Reports

Provides VAT/GST reports and online reporting generated in the local format for ease and accuracy of submission, sales and purchase reports by tax code, and pre-configured tax codes when a new nexus is created.

Electronic Bank Payments

Japanese payment formats are provided for businesses to pay vendor bills and employee expenses, as well as receive payments from customers in Japan.

Payment Gateway

Provides integration with VeriTrans credit card payment gateway for Japan.

Important:

VeriTrans gateway integration is temporarily unavailable in NetSuite 2019.1 due to an ongoing VeriTrans security upgrade.

To continue processing credit card payments, use other payment processing profiles. For more information, see Payment Gateways.

General Notices