Bank Reconciliations in NetSuite

Bank Reconciliations in NetSuite

Every business should reconcile each bank statement.  Ideally, this task should also be completed by someone not involved in the cash disbursements or cash receipt functions.  The reconciliation is used to compare your bank statement to what your cash...
Sharing Vendors Across Multiple Subsidiaries

Sharing Vendors Across Multiple Subsidiaries

In the NetSuite One World environment you can share a vendor across multiple subsidiaries, or you can assign it to just one.  You need to select a primary subsidiary before you can enter transactions for this vendor. The currency will default to the base currency of...
Reconciling the Aging Reports to the Balance Sheet

Reconciling the Aging Reports to the Balance Sheet

Why doesn’t my AR Aging Report tie to my AR balance on the Balance Sheet?  I’m running my Balance Sheet for the period of June 2019 and my Aging report as of 6/30/19.  They should match, right?   In the screen shots above, you can see that the two reports do not...
NetSuite Advanced Intercompany Journal Entries

NetSuite Advanced Intercompany Journal Entries

Prior to becoming a consultant at MIBAR, I worked for a company that had 22 subsidiaries and 69 locations. As an accountant I had to do intercompany journal entries or supervise my staff as they created them and then reconcile the balances between the subsidiaries at...
The New Roles of the CFO

The New Roles of the CFO

2019 is progressing along, and if you’re like many other businesses, you understand that there is a continued pressure—from competitors, from stakeholders, and from the board. With a faster speed of business and increased levels of competition, the CFO role has become...
Wait! Before You GoWould you like to talk to a business software expert to answer your questions?

When you schedule a free consultation with MIBAR, you will experience a one-on-one conversation with a business technology expert who is passionate about understanding your unique needs or issues. Schedule a free consultation today at the link below or give us a call at (212) 869-9300.

Learn More
Open for Business – The Path to Recovery

This webinar is focused on helping leaders plan for the future and adapt their business model as the economy reopens.

Join MIBAR as we host guest panelist Gary Bettan, President of Broadfield Distributing Inc., Founder and President of Videoguys, and a digital transformation expert who has helped startups and mid-market leaders future-proof their business in an ever-changing competitive landscape.