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🚨 Do you need to run reports for subsidiaries with different accounting periods in NetSuite? 🚨
This tutorial will guide you through generating reports for subsidiaries with varying fiscal calendars, ensuring accurate and organized financial insights.
Step-by-Step Guide 📋
1. Search for Reports 🔍
- In the NetSuite search bar, type Reports to access the reporting options.
2. Select the Report Type 📊
- Choose the report you want to generate, for example, Income Statement.
3. Configure the Report Filters ⚙️
- At the footer of the report page, set the following:
- Period: Select the desired accounting period.
- Date Range: Specify the date range for the report.
- Subsidiary: Choose the subsidiary for which the report applies.
4. Understand the Fiscal Calendar Hierarchy 📅
- For single subsidiary reports, the fiscal calendar associated with the subsidiary will apply.
- For consolidated reports, the fiscal calendar of the highest-level subsidiary determines the period hierarchy.
5. Review and Analyze 📋
- Once the filters are applied, review the report to ensure it reflects the appropriate fiscal calendar and data.
6. Key Notes 📝
- Each subsidiary uses its own fiscal calendar for single-subsidiary reports.
- Consolidated reports follow the fiscal calendar of the top-level subsidiary in the hierarchy.
- Use the report filters carefully to align with your specific reporting requirements.
Congratulations! 🎊 You’ve successfully run reports for subsidiaries with different accounting periods in NetSuite. 🌟🎉
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