NetSuite OneWorld Accounting Tips

Each country has its own accounting rules. Hence, a business organization dealing with multiple clients across the world will have to manage each transaction individually through localizing accounting reports. 

Accounting Context: Helps to generate reports by displaying the chart of accounts with the same type and different names, you can use the accounting context feature. This feature is available for all one world accounts.

Chart of account mapping: If you need to post the same transaction in different charts of account types, you can use the global account mapping in the Multi book accounting feature. This will generate the reports in primary books and secondary books in different account types for the same transaction.

If you need a strong ERP get in touch with the NetSuite experts of Jobin & Jismi.