Split Payment Mechanism

• Transaction

• Bank redirection of the right account and pay the account

• amount of VAT bank

• Act of VAT based on the item or goods. Attachment 15 trigger the split payment

• Split payment - Italy

• Split Payments are defined on the following instances:

  • Item level (once item is used, it must automatically tag the bill for split payment)

  • Transaction level (Bill creation)

  • For amount reaching or exceeding 15k zloty

Split payment for International payment?

• Foreign currency (Net Amount)

• Domestic Payment(VAT Amount)

• Obligatory Split Payment

  • When amount 15k Zloty

  • When Item is for Split Payment

• Vendor can request split payment but if they not met the criteria. user can select the Input tax procedure MPP

Dear General, one of out PL localization customers is asking the below. Is it really a NetSuite limitation or can we do something? Many thanks!

"We have a setup with global vendors (so our vendors are in many or all subsidiaries) and then multiple bank details per vendor (e.g. for a Danish based vendor we could have a domestic payment detail and a IBAN payment detail). Depending on the subsidiary different vendor bank details will be selected on the vendor bill (so if the vendor has a vendor bill in a DK subsidiary it will be handled by domestic payment, if the vendor has a vendor bill in the Swedish subsidiary it will be handled using the IBAN payment detail)

This seemed good in theory but we have run into the problem that it does not really work in NetSuite in practice.

When creating payment batches (We have a lot of outgoing payments, so batches are a must) payments are in effect only generated for that vendor bank detail which is primary on the vendor. Vendor bills with secondary details selected can be included in the primary batch (but then a wrong payment type is used) or we can filter them out, but it seems impossible to get them into the right batch."