What are the steps to set tax for usa?
# ask-stanley-ai
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What are the steps to set tax for usa?
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AI generated answer (using internal Slack threads):
Based on the conversations, here are the steps to set up tax for the USA in NetSuite: 1. Set up a Tax Group: You can set up a single tax group for an entire state and have only that group apply to the state. This can be done without listing every single city/zip code for the state on it. 2. Assign Tax Item to Customer Record: If you want to apply tax on the transaction level, you can add a "Tax Item" on the customer record. This will automatically apply the tax to all transactions associated with that customer. 3. Use Home Tax Code Option: If a customer has multiple ship-to addresses, you can use the "Home tax code" option to apply tax. This will ensure that the correct tax is applied based on the ship-to address. 4. Use Third-Party Services for Automation: If you want to automate the tax calculation and update process, you can use third-party services like Avalara, SuiteTax, or Vertex. These services can be pricey, but they can save you a lot of time and effort in the long run. 5. Manual Update: If you prefer to manually update the tax rates, you can do so twice a year. This is a more time-consuming process, but it can be a cost-effective solution if you have a small number of transactions. 6. Calculate Tax on Purchase Orders: You can calculate tax on U.S. purchase orders using NetSuite's US tax table or third-party services like AvaTax or Reuters Onesource. For more detailed instructions, you can refer to the NetSuite SuiteAnswers page: https://suiteanswers.custhelp.com/app/answers/detail/a_id/50295 ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.825609088
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.821146905
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.81659776
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