Leverage NetSuite’s Multi-Book Accounting solution and conveniently comply with various sets of financial books, concurrently, and produce financial statements that are in line with the necessary accounting standards.

1. 1
NetSuite Multi-Book Accounting – A
unique and comprehensive solution for
Enterprise Accounts keeping

2. Because of industry-specific standards,
national rules, or both, the same business
event may require different accounting
treatments; therefore, this results in
discrepancies in reporting outcomes. A
smart, automated accounting solution is
necessary for reporting financial outcomes,
while also adhering to different accounting
standards.
2
Introduction

3. Operates through subsidiaries
3
NetSuite Multi-Book Accounting is a comprehensive
accounting solution for businesses that:
Works with vendors in varying currencies
Has different financial reporting for GAAP vs. local
Has any other complicated reporting needs

4. Once the Multi-Book Accounting NetSuite solution has been provisioned, it is enabled
in NetSuite as a feature via the “Enable Features” menu under the “Accounting” tab.
4
How does NetSuite Multi-Book Accounting work?
Once enabled, a company’s original subsidiary structure and setup become the
primary book.
In addition to the primary book, up to four active secondary books (five books
altogether) can be maintained.
Multi-book allows a mainstream user to transact with an effect on both primary and
secondary books at one time (book generic transactions).

5. Deliver different financial reports to serve
different purposes.
5
What Are the Business Benefits of NetSuite Multi-Book
Accounting
Provide detailed transaction-based reports
for each accounting book.
Automate posting to multiple accounting
books according to pre-defined accounting
rules.
Create different revenue recognition
and expense amortization rules for
different accounting books.

6. If you are interested in our NetSuite ERP Services and want a demo of how NetSuite
Multi-Book Accounting can help your business, please visit: netsuite erp
implementation or connect with our experts here.
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