Integrated Business Accounting (IBA) for NetSuite provides you with the ability to create divisions, funds and companies within NetSuite. This is ideal for companies that have new start-ups, many small companies or funds and they would like to have some basic intercompany or intracompany ability within NetSuite.
We create due to and due from posting transactions and then you can run separate financials for each of your companies, divisions, or funds all within one instance of NetSuite. This keeps you in perfect balance.
You can have a centralized bank account to pay all your bills but send the expenses to your divisions. This makes cash management easy and centralized.
IBA supports Bills and Journal entries. It easily creates the intercompany due to and due from and allows you to run separate P&L’s and reports using native NetSuite.
IBA is great for you if you need some basic Intracompany, are using QuickBooks to manage some of your smaller companies, you have many small companies or start-ups ventures. It is also perfect for centralized cash control as you can pay all your bills from one bank account but send the expenses across your ventures or funds.
If you’re interested in exploring this tool, please contact us at: firstname.lastname@example.org.
By Kim Haythornthwaite, General Manager, Nolan Business Solutions, an international solution provider of automation tools for Microsoft Dynamics GP & NetSuite | including NetSuite implementations/consulting throughout North America.