A client recently asked us if we could customize the NetSuite Income statement so they could see expenses grouped by department. Turns out that NetSuite financial reports has a handy way to do just that.
Navigate to Reports > Financial > Income Statement, then click the “Customize” button. In the “Edit layout” screen, click on the Expense section of the layout.
In the Account Section: Expense pane, simply select “Department” in the Group by dropdown, and select “Account” in the Then by dropdown (note the following screenshots are from a NetSuite demo account).
Now preview the result!
If you view the details from here you will see that it retains the grouping automatically, without also having to customize the detail report.
Simple tricks like this show the power of NetSuite and also highlights the benefits of having a partner who has seen many different aspects of the system for many different clients. Our SuiteMates Admin offering is a flexible and cost-effective way to get expert administration at your fingertips. If you would like to learn more about our offerings, let’s talk!