Articles tagged #NEXUS
Articles tagged
#NEXUS
Audit trail for Tax Nexus
NetSuite does not have an audit trail for Nexuses added.
Journal Entry Transaction Nexus
The user wants to determine how the system identifies the Nexus of a Journal Entry Transaction.
Nexus Based Default Transaction Forms
Default transaction forms based on Nexus.
Nexuses and Taxes in OneWorld
A nexus is a tax jurisdiction. Nexuses are part of the NetSuite Advanced Taxes feature, required for NetSuite OneWorld. Each subsidiary must be associated with at least one nexus. The first nexus is automatically assigned to a subsidiary based on the country entered for the subsidiary's address. A subsidiary can have more than one nexus. A nexus and its related tax items can be shared by multiple subsidiaries.
Adding or Removing Nexuses from a Subsidiary
Add a nexus to a subsidiary if the subsidiary has a valid registration to collect tax in that nexus (tax jurisdiction).
Creating Tax Nexuses
You can set tax preferences for each nexus in which you collect and pay taxes.