Payment Times Report (PTR) 2025 in NetSuite

The Payment Times Report (PTR) 2025 has been introduced in NetSuite as part of the Weekly Update on January 26, 2026. This report is a legislative requirement for large businesses in Australia that engage in trade credit arrangements with small businesses. It provides essential data regarding payment terms and practices related to your small business suppliers. With this new functionality, compliance with the March 2025 guidelines from the Australian Tax Authority can be more easily managed.

What's New in PTR 2025

The introduction of the PTR 2025 includes the creation of additional datasets: Trade Credit Payments (TCP) and Small Business Trade Credit Payments (SBTCP). These datasets alongside the PTR provide a comprehensive view of your payment practices towards small business suppliers, helping you fulfill your reporting obligations.

How to Generate PTR 2025

To effectively utilize the Payment Times Report 2025, the following steps are necessary:

1. Install the ANZ Localization SuiteApp: This application provides the localization features necessary for your business operations in Australia and New Zealand.

   • Ensure you have the Administrator role to perform the installation.
   • Enable the required SuiteCloud features such as Advanced PDF/HTML Templates, Custom Records, Client SuiteScript, Server SuiteScript, and the SuiteCloud Development Framework.

2. Enable the PTR 2025 Report: After installing the SuiteApp, navigate to:

   • Setup > ANZ Localization > Enable ANZ Features
   • Check the box for Payment Times Report to activate this feature.

3. Configure your Report: Make sure to set up the payment times report according to your business requirements. Details regarding the configuration can be found in the official documentation.

4. Identify Small Business Suppliers: It's vital to accurately identify which suppliers fall under the small business category for reporting purposes. Use the Identifying Small Business Suppliers for Payment Times Reporting 2025 guide to assist with this.

5. Determine Inclusions: Make sure to identify all bills that are to be included in the report. Reference the Inclusions in the Payment Times Report 2025 documentation for specifics on what should be reported.

General Notices

• The report must be submitted and lodged to the Payment Times Reporting Portal as per legislative requirements.
• The report's generation process can be accessed via the Country Tax Reports page in NetSuite.

Who This Affects

• Administrators: Responsible for installing and enabling the necessary features.
• Finance Teams: Tasked with generating, submitting, and ensuring compliance with the report.
• Small Business Suppliers: Companies engaged with larger businesses that require transparency in payment practices.

Key Takeaways

• The Payment Times Report (PTR) 2025 is essential for compliance with Australian law.
• It requires the installation and configuration of the ANZ Localization SuiteApp.
• Accurate identification of small business suppliers and payment inclusions is critical for the report's validity.
• Administrators have specific roles in enabling and managing this reporting feature.