China Terminology
The following table defines the terms used in NetSuite to support China-specific business processes and SuiteApps:
Term |
Definition |
---|---|
China Cash Flow Item 中国现金流量表项 |
The values used in Accounts Payable and Accounts Receivable transactions. |
China Cash Flow Statement Report 中国现金流量表 |
The China Cash Flow Statement Report shows activities affecting a company’s cash balance during a selected period. |
General Taxpayers 增值税一般纳税人 |
These entities issue both Special VAT Invoices 增值税专业发票 and Common VAT Invoices 增值税普通发票. |
Golden Tax System 金税系统 |
In China, the Golden Tax System is the only mandated system by the government to issue VAT invoices. |
Red-Letter Invoice 红字发票 |
In China, Red-Letter Invoices are issued for returns and refunds. |
Small-Scale Taxpayer 增值税小规模纳税人 |
These entities issue Common VAT Invoices. |