Finance Manager/CFO? Do you use NetSuite in your organization?
From May 5, 2024, businesses that receive tax invoices in an amount exceeding NIS 25,000 can clear the input VAT only if there is an allocation number to the invoice.
So if you issue invoices to customers or receive from your supplier invoices of such an amount, you are required by law to comply with the terms of this outline regulation.
So how do you deal with it?
We already have the answer for you:
Using our iCloudius’ solution that supports Oracle’s official NetSuite localization, the system will perform the process for you automatically and you will receive an allocation number for the relevant invoices without you having to deal with it.
It’s that simple – the system will do what it needs to do to manage with this new regulation.
Want to hear how?
Contact us and we will be happy to explain and help!
