One Business Reality, Multiple Sets of Accounting Results, All in One Suite
Whenever the same business event requires different accounting treatments, whether because of the industry-specific rules, country-specific rules or both, different reporting outcomes will occur. In order to report financial results within compliance based on multiple accounting standards concurrently, accounting departments can now leverage NetSuite Multi-Book to comply with multiple sets of financial books in parallel, and issue your financial statements in accordance with whichever accounting standards are required.