NetSuite Accounting
Features
Financial Reporting
- NetSuite allows for robust multi-dimensional financial reporting.
- Account detail drill down and drill-down to view source documents allows you to quickly investigate activity and take action.
- Analyze information in real-time.
- Customize and view reports by subsidiary, business unit or location individually or consolidated.
Finanical Planning
- Create Forecasts and Budgets by subsidiary, business unit or location.
- View real-time budget to actual statements.
- Quickly pull data to help users understand segment performance.
- Quickly import budget files from excel source documents.
Multi-Sub and Multi-Currency
- Allows for Multi-Subsidiary capability with intercompany elimination tracking.
- Allows for Multi-Currency with real time parent currency consolidated reporting.
- Allows for Multi-Location business tracking
- Allows for individual business unit or department tracking.
Financial Reporting
We can help you generate financial reports that work for you. NetSuite allows you to customize and view reports by subsidiary, location, department or any other custom segment that you use to control your business. Comparison financials are a powerful tool for analyzing business performance and projecting the future. Standard reports include Balance Sheet, Income Statement, Cash Flow Statement, Budget Income Statement, Trail Balance. Allow our team to help you build the reports that work for you.
Key Performance Indicators
Always have a heads up view of your businesses performance. Key Performance Indicators can be customized to show you what matters for your business. Indicators can range from financial metrics to sales performance as well as custom metrics that you create. Always have an eye on sales performance from new customers to the current pipeline and monitor new leads as they come in. Monitor Key financial metrics or monitor production.
Budgets
When its budget season we can help take the stress out of the process. We can help you generate the needed reports by account activity for each department. Then once you have your budget complied we can help you quickly import the data file into NetSuite to allow budget to actual reporting through the next year.
Journal Entries
Journal Entries are essential for those miscellaneous transactions and accruals. We will help you understand how to set automatic journal reversals and setup memorized transaction reminders. Journals can also be attributed to your companies setup like subsidiary, location, classes or your custom segment.
Advanced Intercompany Journal Entries
When you have multiple subsidiaries and have intercompany transactions or allocations you will need to move expenses between subsidiaries and eliminate certain transactions. We will help you setup the proper elimination subsidiaries and guide you through the process of creating these entries and eliminations.
Electronic Payments
We can assist in the setup of NetSuite’s Electronic Payments SuiteApp to generate ACH payment files for upload to your bank and assist in the Positive Pay reporting for check writing.
Credit Card Integration
Generating sales orders and accepting payments all from one system can be a huge time saver. We can help you setup and connect a credit card gateway and processing account to your NetSuite environment. Allow card payments to be accepted directly inside NetSuite as well as streamline the deposit process for your accounting team. We can help you choose the gateway that will work best for you and be a resource as you setup the processing account.
Accounts Receivable
Collecting Accounts Receivables in a timely manner is important. We can help you setup your A/R process for to be fully digital. We will work with you to setup workflows that allow you to email invoices to multiple customer emails addresses at once as well as setup automated emailed statements and notices to customers. We will guide you through credit limits and automatic overdue notifications that will help both your internal teams as well as your customers.
Accounts Payable
We can assist in establishing solid internal controls for when it comes to accounts payable. Create a paperless matching system with drill down capability to see items receipts as well as vendor bills. Customize rules that fit your company and your level of desired control.
User Specific Roles
We will assist in the setup and maintenance of user specific roles for those in your organization. NetSuite allows for a robust set of permission and restrictions for each role or each individual user. Create a specific accounts payable roles with visibility to only what is required or create more comprehensive roles for managers and controllers.