top of page

NetSuite Financial Reporting

Updated: Aug 30, 2023

Automated reporting. Detailed analysis. Improved performance.

NetSuite Financial Reporting gives your finance department all the tools to analyse and display financial, statistical, and operational data. This provides you with a comprehensive overview of your business. It’s also customisable to your precise needs, so the range of pre-built financial reports included can be tailored to your requirements, or completely customised reports can be developed to highlight specific information, for specific users.

NetSuite Financial Reporting provides real time insights, utilising a single source of data, so you can identify trends as they happen, act faster and monitor financial results in real time. This also enables you to diagnose financial issues in real time on the fly, and drill down to individual transactions to quickly diagnose and correct problems. Customising and creating bespoke financial reports is easy, with NetSuite’s report builder wizard which allows you to easily create, combine, analyse and share information across your whole company.

Key benefits of NetSuite Financial Reporting

  • Tailor standard reports to display information in a specific format or develop custom reports to meet unique requirements.

  • Apply multidimensional analysis to financial, statistical, and operational data to gain insights into performance.

  • Role-based dashboards and key performance indicators (KPIs) help keep team members focused on the outcomes that matter to the business.

  • Customisable layouts, reusable reporting templates and saved searches make creating ad-hoc reports fast and easy.

  • Produce financial statements in multiple formats, using multiple accounting standards, to comply with accounting rules wherever you do business.

  • Schedule and send reports automatically so that everyone has the same view of the data.

  • Limit access to sensitive financial information with configurable role- and user-based access and permissions.

Key features of NetSuite Financial Reporting

NetSuite Financial Reporting gives you real-time insights into the performance of your business with flexible reporting tools and sophisticated analytics that save time and improve decision-making.

A library of configurable financial reports

NetSuite Financial Reporting provides hundreds of standard reports, including various pre-formatted financial statements to meet country-specific requirements. These standard layouts are highly flexible and can be modified by filtering, grouping and sorting data, allowing greater control over how information is organised. Reports can also be configured to display specific general ledger accounts, transaction types or custom field values.

Report snapshots provide at-a-glance summaries

Report snapshots provide a high-level summary of reports with links to underlying data so that you can drill down further into the data. Snapshots are available for both the prebuilt reports and any custom reports that you may create. Summaries can be added to dashboards, allowing individual users to monitor the financial details that they are responsible for without the need to view multiple, irrelevant reports.

Multidimensional analysis lets you delve deeper

Multidimensional analysis allows you to evaluate financial performance at a granular level that just isn’t possible with standard reporting techniques. Dimensions are custom data elements that link organisational characteristics to financial transactions. You can track revenue, margin and other metrics by division, territory, channel, product, and other important criteria. You can also analyse the cost to serve individual customer accounts to better align service levels with profit potential.

Multiple reporting standards ensure compliance

NetSuite's multi-book feature allows companies to maintain multiple sets of books with different rules to comply with various accounting standards, tax codes and reporting requirements. Create before and after versions of the same report to show the impact of accounting changes on results.

How do I get NetSuite Financial Reporting and how much does it cost? NetSuite Financial Reporting is a standard feature of NetSuite and is included in the platform license, so there is no need to purchase an add-on or additional module. ERP Experts can help configure and customise financial reporting as part of your overall NetSuite implementation. Customers can also opt to take out one of our Aftercare support plans so we can support you beyond the initial installation of your NetSuite system.

2 views0 comments
bottom of page