China Help Topics

Overview

The following help topics provide information about NetSuite features that are specific to companies doing business in China. The NetSuite International Edition can be configured with capabilities and reports specific to a Chinese business setting and requirements.

To know more about localized editions of NetSuite, as well as setting up NetSuite accounts and subsidiaries, refer to the following Help topics:

• NetSuite Editions Overview

• Set up NetSuite OneWorld

• Set up NetSuite OneWorld

• Introduction to NetSuite OneWorld– for companies using NetSuite across multiple subsidiaries and countries.

General NetSuite features are covered in other chapters and topics.

Functional Areas

Taiwan users can activate and get access to different features from the following functional areas.

• General Setup

• Accounting

• Order Management

• Item Record Management

• Available SuiteApps

To learn more about SuiteApps installation, see Installing a Bundle.

To learn more about enabling NetSuite features, see Enabling Features.

Important:

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

General Setup

The following table describes the necessary general setup requirements for China:

Functional Area	Feature	Description
Required Setup	Setting Up China Localization	Provides an overview of NetSuite China Localization and references to setup steps.
	Setting Up General Company Preferences	Provides instructions on how to configure the required settings in company preferences.
	Setting Up Custom Transaction Forms for China	Provides an overview of the required custom forms that need to be configured.
	Setting the China Max VAT Invoice Amount	In China, you can define the maximum amount charged in a single invoice. The China Max VAT Invoice Amount field enables you to set this limit.
	Customizing Creator, Poster, and Approver in China Voucher Printing Report	In China, companies print accounting vouchers for transactions that affect the general ledger. These vouchers are used for statutory audit requirements.
	Customizing the China Balance Sheet Report	The NetSuite China Localization provides a default balance sheet and enables you to customize this report.
	Customizing China Income Statement Report	The NetSuite China Localization provides a default income statement report and enables you to customize this report.
	Enabling or Disabling China Localization Features	The NetSuite China Localization SuiteApp provides the capability to enable and disable certain features of the SuiteApp.
	Roles and Permissions in China Localization	The NetSuite China Localization has features that require certain permissions to be accessed.
	Toggling China Cash Flow Item Fields as Mandatory	The China Cash Flow Item field in all transactions are optional by default. By changing this setting, you can set the China Cash Flow Item as a required field to complete when creating transactions.
General Preferences	Toggling China Cash Flow Item Fields as Mandatory	The China Cash Flow Item field can be set as a required field when creating transactions. Set this according to company policy or requirements. This can be set company-wide or per subsidiary (OneWorld).

Accounting

The following table describes accounting features in China:

Functional Area	Feature	Description
General Accounting	Using Chinese Accounting Periods	NetSuite provides the pre-defined accounting periods that meet the requirements of common Chinese business practices.
	Setting up China Cash Flow Item for Chart of Accounts	NetSuite China Localization provides the China Cash Flow Item field for your chart of accounts. This setting affects the computation in the China Cash Flow Statement Report.
	Setting Up China Cash Flow Item for Inventory Items	NetSuite China Localization adds the China Cash Flow Item field for inventory items.
	Setting Up China Cash Flow Item for Subsidiary	NetSuite China Localization adds the China Cash Flow Item field for subsidiaries. This setting affects all of the transactions made in the subsidiary for items without a Cash Flow Item configured for inventory items.
	Generating China Voucher Printing Report	The China Voucher Printing Report enables you to print your company's accounting vouchers.
	Generating the China Voucher List	The Voucher List feature enables you to generate voucher lists for printing, reviewing voucher details, and tracking back to transaction record. You can also print single and multiple vouchers.
Banking	Setting Up China Bank Account Name	In China, a bank account name is needed when issuing VAT invoices to general taxpayer customers.
Taxation	Setting China VAT Taxpayer Types	In China, customers are divided into two categories: General Taxpayers and Small-Scale Taxpayers. These two customer types issue different VAT invoice types. Setting this automatically determines the VAT invoice type when making a sale.
	Processing Red-Letter Invoices	In China, Red-Letter Invoices are issued for returns and refunds.
	Generating China VAT Transactions	In China, the Golden Tax System is the only mandated system by the government to issue VAT invoices. The NetSuite China Localization enables you to generate a flatfile for exporting your transaction data. This exported data can be used in interfacing with the Golden Tax System.
	Merging China VAT Transactions	NetSuite China Localization enables you to merge several transactions into one China VAT invoice.
	Importing VAT Transactions from the China Golden Tax System	The NetSuite China Localization enables you to import your transaction data from the Golden Tax System. Importing your data pairs them with your transactions in NetSuite.
	Enabling and Configuring China Golden Tax System Integration	The NetSuite China Localization provides an Application Programming Interface (API) that you can configure and use to build integrations with the China Golden Tax System.
Financial Statements	China Balance Sheet Report	The China Balance Sheet Report shows a summary of assets, liabilities, and equity in a particular month, quarter, or year. The report is presented in the prescribed layout.
	China Cash Flow Statement Report	The China Cash Flow Statement Report shows a company’s cash flow for a specific period. The report is presented in the prescribed layout.
	China Income Statement Report	The China Income Statement Report shows a company’s income, expenses, and net income for a specific period. The report is presented in the prescribed layout.
Financial Reports	China Account Balance Report	The China Account Balance Report contains account balances filtered and grouped according to subsidiary, date range, account level, and account range in a China specific layout.
	China Subledger Report	The China Subledger Report contains financial transactions which covers the chart of accounts, debit and credit columns, and a document printing format specific to Chinese local practices.
	China Cash & Bank Journal Ledger Report	The China Cash & Bank Journal Report shows journal activities in relation to a company’s cash and bank accounts. This can be configured according to subsidiary, date range, and account range presented in a China specific layout.

Order Management

The following table describes order management features in China:

Functional Area	Feature	Description
Billing and Invoices	Override VAT Invoice Type	NetSuite China Localization automatically determines the VAT invoice type according to the customer's taxpayer type. You can override this field as needed.
	Override China Cash Flow Item	NetSuite China Localization automatically determines the China Cash Flow Item of an item in a sale. You can override this field as needed.

Item Record Management

The following table describes item record management features in China:

Functional Area	Feature	Description
Item Records General	Setting Up China Cash Flow Item for Inventory Items	NetSuite China Localization provides the China Cash Flow Item field for your item records. This setting affects the computation in the China Cash Flow Statement Report.
	Setting Up China Item Models for Inventory Items	In China, the Item Model is an optional field that can be added to a transaction line when issuing VAT invoices.

Available SuiteApps

Some additional features will only become active if you install a specific SuiteApp to your NetSuite account. SuiteApps are applications that extend NetSuite for specific industry and business needs. If you would like to get access to some specific product area, refer to Functional Areas and see which SuiteApps are required to be installed. Taiwan (Province of China)-specific features are currently available in the following SuiteApps:

SuiteApp	Description
Installing China Localization	Provides China-specific features including accounting vouchers, localized financial reports, localized tax reports, and localized transaction and entity fields.

General Notices