Change the debtors account on a sales transaction can have a tax impact?

AI generated answer (using internal Slack threads):

Changing the debtor's account on a sales transaction can indeed have a tax impact. This is because the tax calculation and the General Ledger (GL) impact are determined by the account associated with the transaction. For instance, if a customer changes their income account for an item, it can affect all open, old/closed transactions, and transactions where the period has been closed. This is because NetSuite updates all historical transactions when an account on an item record is changed. In the case of VAT accounts, the account is set up in the Tax Types page, and by default, only Tax Control Accounts can be selected there. If you need to change the VAT account, you would need to go to Setup > Accounting > Taxes > Tax Type (as admin role). However, the availability of accounts in the Tax Control Account list may be limited by the country and the Nexus setup. As for the Sales Discount Account, it seems that NetSuite only allows you to select an "Income" account. If you need to map it to an "Other Current Liability" account, you might need to periodically journal the amounts. Please note that these changes can have significant financial and tax implications, so it's recommended to consult with a financial advisor or a NetSuite professional before making any changes. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******