NetSuite Module
Planned and optimized by Anchor Group NetSuite Multi-Book Accounting consultants
Keep a second set of books under a different accounting standard, currency, or set of rules, posted from the same transactions your team already enters.
NetSuite Multi-Book Accounting lets a OneWorld company keep parallel accounting books from one set of transactions. Your primary book follows one standard (US GAAP, for example), and secondary books can use a different chart of accounts, base currency, or revenue and depreciation rules for local statutory or tax reporting. Anchor Group will help you decide whether you need the full NetSuite Multi-Book Accounting module or lighter adjustment-only books, whether you're implementing NetSuite or expanding an existing account. NetSuite multibook replaces the parallel spreadsheet (and the one person who understands it).
Some capabilities below come with Multi-Book Accounting, and some are separate options or SuiteApps you enable on top of it (we note which is which).
Enter a sale once and see it under US GAAP and local rules.
Let a statutory book post to the accounts your local auditor expects.
Report a UK subsidiary in pounds for local filings and in dollars for the parent.
Recognize revenue over twelve months in one book and right away in another.
Run tax depreciation and book depreciation without a second asset register.
Lock the primary book on day five and finish the statutory book later.
Oracle requires NetSuite Professional Services or a Multi-Book authorized partner to switch on Full Multi-Book Accounting. Our job is everything around that step: deciding what each book is for, which options it needs, and how your team will run it (the part that decides whether the second book is ever trusted).
A free discovery call, then a review of the standards, currencies, and entities you report on. We confirm whether you need Full Multi-Book Accounting or adjustment-only books, and who on Oracle's side handles enablement.
Each book's purpose, subsidiaries, base currencies, account mapping, and effective period decided in writing.
Books, mapping rules, currency settings, and revenue and depreciation rules set up in sandbox once the features are enabled.
Real transactions run through every book, then trial balances compared book by book.
Training for accounting, then historical transactions processed and books activated in production.
Support through the first closes, with mapping rules, exchange rates, and close checklists adjusted as real activity builds up.
There are two separate costs, and it helps to keep them separate.
Contact us to understand the licenses and services required for your books. The first call is free. Or get a near-instant ballpark from our pricing calculator.
Module license.
Full Multi-Book Accounting is arranged through your NetSuite sales or account representative and requires NetSuite OneWorld. Adjustment-only books are available by default in every OneWorld account.
Setup services.
A one-time project, scoped to the number of books, entities, currencies, and rules involved. Because Oracle requires its Professional Services team or a Multi-Book authorized partner for Full Multi-Book, we scope who does which part on the first call.
NetSuite Multi-Book Accounting keeps several sets of accounting records from one set of transactions. A primary book holds daily operations, and up to four active secondary books can use a different chart of accounts, base currency, or accounting rules for statutory, tax, or management reporting.
Adjustment-only books are available by default in every NetSuite OneWorld account. Full Multi-Book Accounting is not switched on by default. Oracle asks customers to contact their sales or account representative to get it, and it needs OneWorld first.
The license is arranged through your NetSuite agreement and depends on what your account already includes. Setup is a separate one-time cost, scoped to the books, entities, and currencies involved. The first call is free, or use our calculator for a ballpark.
NetSuite OneWorld, plus the Multiple Currencies feature if any book uses a different base currency. Oracle also requires NetSuite Professional Services or a Multi-Book authorized partner to implement Full Multi-Book Accounting. Adjustment-only books need none of that beyond OneWorld.
A full secondary book records every transaction in parallel and can have its own currency and account mapping. An adjustment-only book stores only period-end adjustments and combines them with its base book at report time. It must use the base book's currency.
Starting with NetSuite or expanding what it can do? Let's identify the right Multi-Book capabilities, configuration, and support for your finance team. The first call is free.
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If this module doesn't fit your needs, there are many other NetSuite Modules that serve as financial management solutions:
If you’re not seeing the exact fit you need, no worries—we also build affordable custom solutions to fit your business, your workflows, and the way your team actually works.
Reach out and let’s build a solution that fits like it ought to.
