NetSuite Multi-Book Accounting
Simplify Global Financial Management and Compliance
Organizations with international operations face intensifying complexity in managing financials across multiple standards and currencies. Disjointed systems across business units introduce delays, errors, and compliance risks. NetSuite Multi-Book Accounting provides unified cloud financials to consolidate, standardize, and streamline performance globally.
NetSuite Multi-Book Accounting goes beyond basic ERP to optimize financial management across ledgers, books, reporting standards and transactions worldwide. With flexible solutions tailored for multi-subsidiary, multi-GAAP and multi-currency needs, organizations can scale financial visibility and insights globally.
Why Choose NetSuite Multi-Book Accounting?
- Manage financials across global standards
- Share customers, vendors, and items across books
- Spin off new ledgers automatically
- Analyze performance by currencies
- Consolidated or standalone reporting
- Simplified intercompany settlements
With automated currency conversion, intercompany transactions, flexible reporting and planning tied across books, NetSuite Multi-Book Accounting goes beyond basic consolidation to enable unified visibility and insights.
Key Capabilities of NetSuite Multi-Book Accounting
Financial Consolidation
- Multi-GAAP configuration
- Shared customers and items
- Automated currency conversion
- Intercompany transaction management
Integrated Planning
- Unified budgets and forecasts
- Driver-based allocation modeling
- Cash flow projections
- Continuous rolling forecasts
Configuration Flexibility
- Unlimited ledgers and sub-ledgers
- Shared or dedicated COA per book
- User access restrictions by ledger
- New book spin off automation
Audit Trails
- Complete system audit trails
- Trace transactions across books
- Simplify regulatory compliance
- Role-based governance
Analytics and Reporting
- Drill down to transaction details
- Analyze performance by book
- Flexible variance analysis
- Real-time financial snapshots
Integration and Customization of NetSuite Multi-Book Accounting
Customization
- Custom books, ledgers and sub-ledgers
- Custom transactions and allocation rules
- Tailored inter-company workflows
- Extended multi-book reporting and analytics
Integration with NetSuite Modules
- Unified with financials, inventory, supply chain
- Shared customers and items
- Real-time visibility across modules
Third-Party Integrations
- General ledger system integration
- Planning and budgeting tools
- Banking and compliance systems
- Payroll system integration
Industry Solutions
Manufacturing
- Local and headquarters reporting
- Inventory costing by book
- Overhead allocation by plant
Healthcare
- Unified reporting by facility
- Consistent chart of accounts
- Cost allocation automation
Professional Services
- Client-facing financials
- Utilization reporting
- Automated invoicing by firm
Software/Tech
- Multi-currency transaction support
- Flexible revenue standards
- Multi-country tax configuration
Hospitality
- Property/franchisee books
- Corporate and local analytics
- Global brand financials
Advertising
- Manage agency and client books
- Allocate costs by campaign
- Shared contractor details
Commerce
- Manage marketplace books
- Shared vendor and customer records
- Tailored advertising expense allocation
Simplify Global Financial Management
With NetSuite Multi-Book Accounting, consolidate, standardize and streamline financials across all your national and international operations. Reach out to get strategic guidance tailored to your multi-book accounting needs.
FAQs
What are some key use cases for Multi-Book Accounting?
Major use cases include managing multiple GAAPs, consolidation reporting, global intercompany transactions, currency translation, integrated planning and forecasting, and maintaining complete audit trails across subsidiaries.
What accounting standards and regulations does Multi-Book support?
NetSuite Multi-Book supports major standards like GAAP, IFRS, ASC, ASPE and more. You can configure all needed standards in one system flexibly.
Can I manage multiple ledgers across global subsidiaries?
Yes, you can manage multi-tier parent-child hierarchies of ledgers, books, and business units for global businesses with complete drill-down between financial tiers.
Does Multi-Book enable automatic currency conversion and translations?
Yes, automated currency conversion engine seamlessly handles revaluation for transactions captured across currencies with configurable exchange rates.
How does Multi-Book simplify intercompany transactions?
Streamline intercompany transactions by automatically allowing transfers of invoices, journal entries, expenses and assets across ledgers per configurable rules.
Can I report at group level consolidated view as well as by individual books?
Yes, you can report at any level of the financial hierarchies globally—across the group, by book, legal entity, country, currency, or cost center—with flexible drill-downs.