Scenario:
- User has default Tax Code with rate other than zero under Setup > Accounting> Set Up Taxes
- User navigated to Transactions > Bank > Reconcile Bank Statement / Credit Card Statement
- User entered an Other Charge in the New Charges tab
- User opened the Check/Credit Card via Transactions > Bank > Write Check/Use Credit Card > List
- Tax Rate for the Tax Code is zero
Findings:
- Bank Reconciliation is only concern with the bank account part of a transaction and not the tax computation of a transaction
- Adding Tax Code in Bank Reconciliation is still an enhancement (133497)
- NetSuite is not designed to split the amount entered in the Account line in the New Charges tab between the account and the Tax Code account (using the Tax Code’s Tax Rate)
- NetSuite will enter in the full amount to the account specified in the New Charge tab and a zero Tax Rate in the transaction
- NetSuite will use a zero Tax Rate because it will be misleading to end users who will view the transaction if there is a non-zero Tax Rate but zero Tax Amount in the transaction.
- The same is true with the amount and Tax Code from Deposit/ CCard Refund created via Bank/Credit Card Reconciliation’s New Deposits/New Credits