Unparalleled Financial Transparency
Simplify your Chart of Accounts using predefined GL custom segments (dimensions) to eliminate long, error-prone account code strings, and achieve complete visibility into the source and use of funds. Financial segmentation reduces the complexity and bloat of a traditional chart of accounts, while expanding reporting functionality and analytics.
NetSuite comes out of the box with 12 segments to code expense and revenue transactions. Custom segments allow you to restrict funds based on time or donor intent, classify revenue streams, track functional expense categories, designate funds to a specific program, and beyond. The result is unprecedented stewardship of funds with customisable FASB compliant reporting, dashboards and role-based KPIS available to staff, management and leadership teams.
Don't see a segment that matches what your organisation needs to track? Segments can also be created by you, to exactly match your business need.
- Track diverse revenue streams such as grants, cash donations, pledges, gifts in-kind, services and ticket sales.
- Correlate revenue to associated expense transactions to clearly show where funds are spent in real-time, at any time.
- Code revenue and expense transactions at the transaction line level to provide visibility, control and stewardship of the funds received from diverse funding sources and revenue types.
- Projects track scheduled tasks, time, percentage of completion, and expenses on grants and programs.
- Track a matrix of relationships between multiple revenue sources, multiple segment dimensions and geographic regions.
- Create unlimited GL segment code combinations for accurate and easy data entry; and gain unparalleled visibility into fund balances and performance metrics.
- Use the 12 predefined segments, or create your own to match your unique business needs.