Brazil Reports SuiteApp for Compliance in NetSuite 2026.1

Brazil Reports SuiteApp for Compliance in NetSuite 2026.1

The Brazil Reports SuiteApp, introduced in a recent NetSuite release, empowers businesses in Brazil to meet stringent local reporting requirements. Starting in NetSuite 2026.1, this feature now supports a broader range of reports and enhanced functionalities. It matters because it streamlines compliance, ensuring businesses can efficiently generate necessary reports for Brazilian government authorities.

What's New

The Brazil Reports SuiteApp enhances NetSuite by providing localized reporting capabilities tailored for Brazilian business needs. It offers a comprehensive suite of reports vital for compliance with Brazilian fiscal obligations. With Brazil Reports, you can generate the reports you must send to the government or at least obtain summaries of the information you must provide to local authorities. The SuiteApp also provides localized reports that you can use to monitor journal entries, balances, income, and transactions for Brazil.

Features of the Brazil Reports SuiteApp

• Accounting Reports:
  • General Ledger: Chronological list of journal entries, subtotaled by day and month.
  • General Journal: Account balance and journal entries for specific periods.
  • Trial Balance: Lists balance for each active account.
• Financial Statements:
  • Balance Sheet: Overview of assets, liabilities, and equity.
  • Income Statement: Details income and expenses following DRE standards.
• Fiscal Books: Includes reports on services and goods transactions with tax details:
  • Provided Services: Lists outbound electronic invoices for services and their respective tax details for a specific period.
  • Received Services: Lists inbound electronic invoices for services and their respective tax details for a specific period.
  • Outbound Goods: Lists outbound electronic invoices for goods and their respective tax details for a specific period.
  • Inbound Goods: Lists inbound electronic invoices for goods and their respective tax details for a specific period.
• Tax Assessment Reports: Tools to calculate tax dues for various Brazilian taxes:
  • ISS Assessment: Lists the company's taxable income subject to the ISS tax and calculates the amount of tax due and tax credit for a specific period.
  • IRPJ and CSLL Assessment: Lists the company's taxable income subject to the IRPJ and CSLL taxes and calculates the amount of tax due and tax credit for a specific period.
  • ICMS Assessment: Lists the company's taxable income subject to the ICMS tax and calculates the amount of tax due and tax credit for a specific period.
  • IPI Assessment: Lists the company's taxable income subject to the IPI tax and calculates the amount of tax due and tax credit for a specific period.
  • PIS and COFINS Assessment: Lists the company's taxable income subject to the PIS and COFINS taxes and calculates the amount of tax due and tax credit for a specific period.
• Statutory Reports: Covers comprehensive fiscal and bookkeeping information:
  • ECD: Contains accounting, financial, and bookkeeping information about all transactions.
  • ECF: Contains the fiscal and bookkeeping information about transactions subject to the IRPJ and CSLL taxes.
  • EFD ICMS IPI: Contains bookkeeping and fiscal information about transactions subject to the ICMS and IPI taxes.
  • EFD Contribuições: Contains bookkeeping and fiscal information about transactions subject to the PIS and COFINS taxes.
  • EFD-Reinf: Contains fiscal information about transactions subject to CSRF (or PIS, COFINS, and CSLL individually), INSS, and IRRF tax withholding.
• Auxiliary Reports: Provides additional detailing for Simples Nacional and taxes on services:
  • Simples Nacional Assessment: Lists the company's gross revenue by subsidiary and business activity for a specific period. This report serves as a supporting report for you to submit your PGDAS data.
  • Withheld Taxes on Services: Lists the taxes withheld on provided and received services, such as INSS, IRRF, and CSRF for a specific period. This report serves as a supporting report for you to submit your EFD-Reinf and DCTF Web data.
  • Inventory Ownership and Custody: Lists the inventory items moved in inbound and outbound deliveries along with their ownership and custody status.

Who This Affects

This SuiteApp impacts the following roles and modules:

• Roles: Administrators, Accountants, Financial Officers
• Modules: Accounting, Tax Compliance, Localization

Key Takeaways

• Enables compliance with Brazilian government reporting requirements.
• Provides a range of localized reports for financial and tax purposes.
• Supports monitoring of journal entries, balances, and transactions.
• Helps assess tax obligations and credits for businesses.
• Integral for companies operating in Brazilian markets.

For more information about the Brazil Reports SuiteApp, see the following topics:

• Brazil Reports SuiteApp Installation
• Roles and Permissions for Brazil Reports
• Brazil Reports Setup
• Country Tax Reports for Brazil
• Tax Assessment for Brazil
• Inventory Ownership and Custody Report for Brazil
• Statutory Reports for Brazil
• Brazil Reports SuiteApp Best Practices and Known Limitations

Note: To access the Brazil Reports documentation in Brazilian Portuguese (Português do Brasil), see Brazil Reports.