NetSuite Only

SuiteTax Now Generally Available The SuiteTax feature is now generally available. Earlier, SuiteTax was a hidden feature and it had to be shared to a customer's account before it could be enabled. To enable the feature, customers had to undergo a qualification process by submitting a completed SuiteTax questionnaire through a support case. As of 2024.1, administrators can enable the feature by going to Setup > Company > Enable Features > Tax subtab. It is an account-level feature which applies to the whole NetSuite account and not to selected subsidiaries. If you enable the feature, it is not possible to revert this action. Therefore, you should first enable the feature in your Sandbox account prior to enabling it in your product account. When you check the box to enable the SuiteTax feature, you see an information message showing potentially incompatible features, preferences, SuiteApps, or bundles. To be able to complete the enablement process, you must perform all the required actions you see in the message. To see the full list of limitations, see the help topic Known Limitations of SuiteTax. These are the prerequisite features you need to have enabled before enabling SuiteTax: ■ Advanced Taxes ■ Accounting ■ Server SuiteScript ■ Client SuiteScript

2024.1 Fixed Assets Management: 1. Apply 4-4-5 Weeks Accounting period in Asset Depreciation > FAM System Setup> General > Depreciation> Check accounting periods for depreciation 2. Perform Asset revaluation in Bulk: > Fixed Assets > transactions > Asset Revaluaton > Click Imposrt CSV button > Open Bulk Asset revaluation Page 3. Save custom columns in CSV Reports > Customize report template > Select any of the depreciation schedule report > Check set as preferred template and Click save

Scheduled Scripts No Longer Run Automatically in Sandbox After a Refresh: Scheduled scripts configured in production will no longer run automatically in a sandbox account after a refresh. Instead, scheduled scripts can be set up separately in a sandbox account.

Split Fully Depreciated Assets: The latest version of the Fixed Assets Management SuiteApp now supports asset split for fully depreciated assets. On the Asset Split page, you can now select fully depreciated assets in the Asset Name/ID field. Bulk Asset Split: You can now use CSV import to split assets into multiple asset records in one transaction. The Import CSV button on the Asset Split page opens the Bulk Asset Split page. A link to a sample CSV file is available for download on the page. You can edit the sample file to add details of the assets that you want to split and upload the file on the same page.

Custom GL Lines are now supported for the following transaction types: • Credit card charge • Credit card refund • Inventory transfer • Inventory worksheet • Ownership transfer

End of Support for SMS/Voice Call for 2FA: On March 1, 2024, support will end for two-factor authentication (2FA) by SMS/Voice Call. When this support ends, it will no longer be possible to log in to NetSuite with a role that uses SMS/voice call for 2FA. Before this planned end of support, users who are using 2FA by SMS/voice call must reset their NetSuite 2FA settings to use an authenticator app.