NetSuite OneWorld

Use a single NetSuite account to manage records and transactions for multiple subsidiaries conducting business across multiple tax jurisdictions involving multiple currencies

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OneWorld organizes both domestic and international subsidiaries into a single hierarchical structure. Each subsidiary is treated as a unique legal entity for taxation and regulation purposes. Each subsidiary has a specific nexus (tax jurisdiction) and a specific base currency. This base currency is the currency in which the subsidiary manages its financials. Subsidiary-specific data is available for reporting. Data for multiple subsidiaries can be rolled up into consolidated reports in the currency of a parent subsidiary.

OneWorld supports local and foreign currencies for transactions with foreign companies and between subsidiaries. Consolidated reports including aggregated financial statements provide foreign currency translation and consolidation for all child subsidiaries of a selected parent subsidiary.

Our NetSuite OneWorld Expertise

Bringing Innovations into Consulting and Enterprise Software deployment

Global Experience

We’ve implemented NetSuite in 20+ countries and 4 continents

We understand the complex duty and custom processes internationally

We are experts in US Sales Tax, EU and UK VAT rules, just like we are in other taxes around the world. In 4+ continents and still counting

We understand transfer pricing and other compliance risks faced by most international companies

Industry & Consulting Expertise

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

Global Experience

We’ve implemented NetSuite in 20+ countries and 4 continents

We understand the complex duty and custom processes internationally

Certified Advanced Revenue Enabled Partner (ARM)

Only qualified and certified ARM partners are permitted to implement NetSuite ARM. We pride ourselves with the necessary certifications plus our expertise as CPAs put us above other partners

Certified NetSuite Administrators

Only strong NetSuite administrator are assigned to your NetSuite project. We ensure they get the right experience and certifications

They audit your entire NetSuite system and advise on areas you could optimize.

Certified NetSuite ERP Consultants

We posses a deep mastering of NetSuite ERP, CRM and have required certifications.

You can trust our NetSuite expertise to ensure your ERP is in sync with your Planning & Budgeting tool

Certified Multibook Enabled Partner

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

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Key Product Features

Tax and Regulatory Compliance

Each subsidiary has one or more locations unique to that subsidiary, which enables you to administer location-based tax and regulatory requirements.

Accounting and Financial Consolidation

Each subsidiary completes transactions in its own base currency. Subsidiaries share inventory items and have unique items. Using a single chart of accounts as well as subsidiary-specific accounts you prepare consolidated and subsidiary financial statements in the appropriate currencies. You can also enter advanced intercompany journal entries and eliminate profits for transactions among subsidiaries.

Reporting and Search

OneWorld supports reporting in the base currency of each subsidiary, its parent subsidiary, and the top-level, root-parent subsidiary. Financial statements, dashboards, and Key Performance Indicators can display consolidated roll-ups and side-by-side comparisons of subsidiaries.

NetSuite OneWorld

Download My NetSuite OneWorld Data Sheet

Our NetSuite OneWorld Expertise

Global Experience

Industry & Consulting Expertise

Global Experience

Certified Advanced Revenue Enabled Partner (ARM)

Certified NetSuite Administrators

Certified NetSuite ERP Consultants

Certified Multibook Enabled Partner

Key Product Features

Tax and Regulatory Compliance

Accounting and Financial Consolidation

Reporting and Search

Watch Our Pre-Recorded NetSuite OneWorld Demo

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