Lightspeed Retail calculates its own taxes. It has its own internal tax engine for sales tax. Lightspeed Retail is working on improvements to enable clients to use a 3rd party tax solution (e.g. Vertex. Avalara). This is expected to be available at the end of 2019 (4th quarter), but there is no official release date published yet. When Hyperspace syncs a Cash Sale into NetSuite, it creates its own tax code to ensure that taxes are imported perfectly and rounded correctly.
Hyperspace has several tax settings for NetSuite integration that need to be configured before you go live.
The first one to review is syncing Tax Classes. All products in Lightspeed are created with a Tax Class of 'Item' unless you configure this setting.
This ensures that line items on sales when syncing back into NetSuite have the correct Tax Class. So regardless of whatever tax setup you use in NetSuite, the tax class on sales in NetSuite is always correct.
The next setting enables you to define your non-taxable Tax Code.
Farther down the page you will see several settings where you associate one data element in Lightspeed to its corresponding data element in NetSuite. The first one related to tax asks for the Tax Agency related to each Lightspeed Retail location.
Note: There is also a place to choose a Default Agency should you forget to map a new location to its corresponding Tax Agency.
The second setting below that asks for the Tax Account related to each Tax Agency. See below.
Similar to the setting above, you associate each Tax Account to its corresponding Tax Agency.
Note: There is also a place to choose a Default Tax Account should you forget to map a new location to its corresponding Tax Agency.