NetSuite Multibook Accounting

Multi-book accounting provides the ability to maintain multiple sets of accounting records based on a single set of real-time financial transactions.

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Eliminate data entry replication and reduce the need for error-prone manual adjustments to your accounting and reporting processes with NetSuite multi-book accounting capabilities. Managing books aligned with various accounting standards is simpler with prebuilt mapping capabilities linking primary and secondary charts of accounts and book-specific functional currencies. The NetSuite multi-book engine records all book-specific activity based on a single business transaction from the general ledger, including revenue recognition, expense amortization, depreciation, P&L allocations and more.

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Key Product Features

Inefficient Manual Processes

Automate repetitive tasks, like creating journal entries, reconciling bank and credit card accounts and generating consolidated financial statements.

Complex Chart of Accounts

Eliminate the need to capture operational details for reporting while still supporting unlimited accounts and sub accounts.

Inflexible GL Structure

Customize account codes, transaction types, GL impacts and reporting segments to tailor the general ledger to fit your company’s business structure.

Financial Consolidation

Automatically roll up subsidiary-level reporting data into consolidated financial statements.

Our NetSuite Multibook Expertise

Bringing Innovations into Consulting and Enterprise Software deployment

Multibook Implementations

25+ implementations including HTP (Historical Transaction Processing)

Our clients are mostly multinationals required to report in several accounting standards

Financial Reporting Expertise

Our team consist of Chartered Certified Accountant from UK, CPA and International Tax experts.

Some spend years working for audit firms & multinational corporations around the globe.

Certified Multibook Enabled Partner

Our multibook team completed all mandatory certification requirements imposed by NetSuite, before granting a partner rights to implement Multibook accounting

Statutory Knowledge

In addition to our deep expertise in IFRS, GAAP, we have also delivered complex statutory audit systems in NetSuite:

For France – France Fichier d’Ecritures Comptables (FEC)
For Germany – GDPdU files
For Malaysia – GST Audit File (GAF) text file and XML file
For Mexico – DIOT file and Electronic Accounting file
For Norway – Norway Standard Audit File for Tax (SAF-T) Financial
For the Philippines – General Ledger, General Journal, Sales, Journal, Purchase Journal, Cash Receipts Journal, Cash Disbursements Journal, and Inventory Book
For Portugal – Standard Audit File for Tax Purposes (SAF-T PT)
For Singapore – IAF Text file and IAF XML file
For OECD member countries – OECD Standard Audit File for Tax (SAF-T) XML file
For United Arab Emirates – FTA VAT Audit File (FAF)
For other countries – GL Data Extract