NetSuite Localization Bundle for Israel

NetSuite bundle Certification for Israel ITA

The Israeli localization bundle certifies NetSuite as a bookkeeping system in Israel.

This bundle is authorized by the Israeli tax authorization as of 2010 and has been implemented in more than 80 NS customers 

Key Benefits

●    ITA certification

●   Managing the Israeli Subsidiary in NetSuite based on the OW solution

●    providing additional features for the Israeli market which are on top of the legislation requirements, like:

●    EFT

●    Check Print 

●    WHT certification integration with SHAAM  Bank Statements

NetSuite Localization Bundle for Israel

The Israeli localization bundle certifies NetSuite as a bookkeeping system in Israel. in addition the following is part of the bundle:

• VAT Reports
•  Withholding Tax Reports
• All Statutory Forms: Invoice,   Receipt,  Delivery   Notes
• Other Forms: PO, SO, Deposit,   Quote
• Exchange Rates Integration
• Payment Formats: Wire, Check & EFT
• Unified Format
• Israeli Reports
• Integration with Israeli Payroll Systems
• Integration with SHAAM
• Account Reconciliation
• Bank Statements Import

Supports TAX reauirements

● VAT reports (based on Israeli functionality and not other localization) Israeli VAT on purchases , Israeli VAT on sales , Israeli VAT file generator (support consolidated dealer)
● Withholding Tax reports (based on Israeli functionality and not other localization) Israeli withholding tax detailed report, Israeli withholding tax summery report, Israeli withholding tax file report, Israeli tax vendor letter (in Hebrew) + (support exclude WHT groups) 
● All statutory forms :invoice,receipt , delivery,notes (Hebrew and English) includes advanced design functionality 
●  Additional forms : PO, payments deposit
● Exchange rates integration with the bank of Israel

Israeli Reports:

• Israeli Vendors Tax Information
• Israeli Vendors Tax Certificate Report
• Israeli Vendors Bank Details Report
• Israeli Transactions Statement
• Israeli Vendor Statement
• Israeli A/P Register
• Israeli A/P Payments Register
• Israeli Profit and Loss Detail
• Israeli Balance Sheet Detail
• Israeli General Ledger Detail per Account

Payment Formats

Payment Format: EFT, Wire (includes letter to the bank & letter to the vendor)

• Unfiled Format
• Integration with SHAAM
• Account Reconciliation
• Bank Statements Import
• Exchange Rates Integration
• Salary file import
• Send mass documents by e-mail: invoices, Vendor Wire letter