Financials

Learn About the Benefits of Multidimensional Accounting

Generating financial statements is a routine part of the close process, but standard financial reports cannot always provide sufficient explanations for the numbers. Getting that information can be difficult or even impossible. Often, the problem is in the chart of accounts, which provides a framework for organizing financial data in the general ledger (GL). Problems …

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3 Steps to Simplifying Sales Tax Collection for US Businesses

Making sense of U.S. sales and use taxes can be difficult. That’s because, unlike most countries, the United States doesn’t have a national sales tax. So, there isn’t a standard rate that can be applied consistently to every sale. Rates are set at the state level instead, and with little coordination between state legislatures, they …

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SuiteAnalytics Solves Multi-Application Data Challenges

As data becomes more and more important to business decisions, having real-time, easy-to-read data at your fingertips is crucial. Even if you utilize an ERP system, uncovering insights about the business and then properly visualizing the data in a meaningful way can be a challenge even for the best of business analysts. The SuiteAnalytics Workbook …

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Fine Tune Your Budgeting and Planning Processes for the New Year

Unlike accountants who are in charge of recordkeeping, financial analysts are charged with examining, analyzing and evaluating the entirety of a corporation’s financial activities and mapping out the company’s financial future. These professionals are under constant pressure to provide more strategic value and insights for their organizations. Read this NetSuite blog post to learn how …

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Use NetSuite Tools to Achieve More Efficient Planning & Budgeting

Finance teams have a lot on their to do lists at year end and, frequently, their most difficult challenge is annual planning and budgeting. At many companies, this process takes too long and devours resources. Finance teams spend more time on administrative tasks relating to these processes – collecting, consolidating and reconciling data – and …

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