Having access to key financials and reports is critical to your success. With NetSuite, you get comprehensive tools that allow you to control all your financial data and processes. And since NetSuite financials are integrated with your sales, support, shipping and receiving functions, you get real-time financial data directly from those departments, enabling faster, smarter business decisions.
General Ledger, Accounts Receivable and Accounts Payable: Gain full visibility into your payables and receivables with real-time access to outstanding invoices and bills. And once customers receive your goods or services, you can quickly generate invoices from sales orders with just one click, reducing paperwork and improving efficiency.
Budgeting: Use NetSuite's budgeting capabilities to capture your business objectives for the coming financial year. You can also generate up-to-the-moment comparative reports to evaluate your spending.
Multi-currency Transactions and Reporting: Companies that have offices in other countries, or those that frequently do business with foreign companies, must record and track transactions in foreign currencies. The automated currency revaluation feature simplifies the period-end close process by generating adjusting journal entries to reflect exchange rate fluctuations on any open accounts payable or receivable transactions. Plus, you can price your items in multiple foreign currencies to ensure customers see only current exchange rates and prices.
Online Bill Pay: NetSuite's banking features allow for an unlimited number of bank accounts. You can write and print checks, or use online bill pay to transfer funds electronically. You can also import bank statement data and reconcile it with accounting transaction data.
Multi-company Consolidations: Multi-level businesses, such as holding companies, can now consolidate all the financial data of their individual business units into a single set of financial statements. The consolidated statements provide a way to drill down into the data—even to the transaction level. As a result, you can better understand how each business unit is performing.
