In most cases, your transactions are only temporarily added to Global Tax Determination (GTD). Once an accounting period is closed and these transactions are unlikely to change, you can use the Sovos Accounting Close Suitelet to commit them to GTD permanently. Read more about the various transaction statuses in this article.
You need the Sovos role to follow the steps in this article.
To permanently commit transactions to GTD, follow these steps:
- Go to Sovos > End Posting Period > Accounting Close.
- Select the subsidiary or company.
For NetSuite OneWorld Accounts, there will be multiple options. For NetSuite accounts, there will only be one.
- On the same screen, select an accounting period from the Select Accounting Period To Close dropdown menu.
- Click Next.
- A table will appear with all transactions from the selected subsidiary and the accounting period that can be committed. Select the transactions you want to commit.
Transactions with a Committed status will not be displayed as they have already been committed. If there are more than 5000 transactions to be committed, you won't be able to select individual transactions. In this case, clicking Commit will commit all available transactions in bulk.
- Click Commit.
- You’ll see a confirmation message:
- You can check the commit progress by going to Customization > Scripting > Map/Reduce Script Status.
You’ll need to switch back to the Administrator role for this step.
To filter paid-in-full invoices, follow these steps:
- Go to Customization > Lists, Records, & Fields > Record Types.
- Click List in the Sovos Configuration Record row.
- Click Edit in the Sovos Configuration row.
- Under the Sovos Tax Configuration tab, select Sovos Filter Paid in Full Invoices.
- Click Save.