Learn About the Benefits of Multidimensional Accounting

Posted · Add Comment

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 […]

3 Steps to Simplifying Sales Tax Collection for US Businesses

Posted · Add Comment

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 […]

SuiteAnalytics Solves Multi-Application Data Challenges

Posted · Add Comment

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 […]

Fine Tune Your Budgeting and Planning Processes for the New Year

Posted · Add Comment

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 […]

Changes to Form W-4 Coming in 2020

Posted · Add Comment

The Form W-4, the Employee’s Withholding Allowance Certificate, determines the amount of Federal Income Taxes to be withheld from an employee’s paycheck. The IRS encourages everyone to use the Tax Withholding Estimator to perform a quick paycheck checkup to protect against having too little tax withheld and facing an unexpected tax bill. After being delayed a […]

CFOs Are Still Buried in Spreadsheets

Posted · Add Comment

In NetSuite Brainyard’s recent white paper, “State of the CFO Role,” 186 CFOs respondents said they spend an average of 2.25 hours in spreadsheets every day. That’s more time in spreadsheets than any other software in their toolkits. In some ways, that’s never going to change. CFOs  love the ability to export and manipulate data […]

ASU 2018-15 Simplifies Accounting for Cloud Computing Expenses

Posted · Add Comment

As cloud computing became more popular, businesses took different approaches to how they accounted for it on their financial statements. But, as the percentage of businesses using cloud products increased, the FASB and other standard setters realized that the “diversity” in practice was growing too large, and began to issue regulations to clarify the process […]

Has Your Business Outgrown Its Accounting Software?

Posted · Add Comment

The following content is excerpted from a NetSuite blog post, Five Tell-Tale Signs Your Business Has Outgrown Its Accounting Software If you rely on a basic accounting package to run your business, now might be the time to consider other options, such as moving the processes that are key to your business operations to an […]