You can automate NetSuite subsidiary reporting and eliminate manual multi-location consolidation work in Excel. This provides synchronized data refreshes across all subsidiaries with automatic combination in single workbooks.
Here’s how to set up automated subsidiary reporting that handles multi-entity data gathering and consolidation without manual report generation for each location.
Automate multi-subsidiary reporting and consolidation using Coefficient
Coefficient handles subsidiary access controls automatically and combines multi-location data in single Excel workbooks. This eliminates the manual work of generating separate reports for each subsidiary and consolidating them manually.
How to make it work
Step 1. Configure subsidiary access through NetSuite permissions.
Set up your NetSuite role permissions to access the subsidiaries you need for reporting. Coefficient respects these access controls automatically, so you only see data from subsidiaries you’re authorized to access.
Step 2. Import financial reports with subsidiary selection.
Pull Income Statements, Trial Balance, and other financial reports with subsidiary filtering options. Select specific subsidiaries or import data from all accessible locations in a single operation instead of generating separate reports.
Step 3. Extract transaction data filtered by subsidiary.
Use Records & Lists to pull transaction data with subsidiary, department, and location filtering. This provides the detailed data needed for subsidiary performance analysis and inter-company eliminations.
Step 4. Set up synchronized refresh schedules.
Configure refresh schedules that update all subsidiary data sources simultaneously. This ensures your consolidation analysis uses consistent timing across all locations and eliminates data synchronization issues.
Step 5. Build automated consolidation workbooks.
Create Excel workbooks that combine subsidiary data automatically with formulas for inter-company eliminations and adjustments. The live data connections update all subsidiary information while preserving your consolidation logic.
Launch your automated subsidiary reporting system
Automated subsidiary reporting eliminates manual data gathering across multiple locations while ensuring consistent timing and data accuracy. Your consolidation analysis becomes more reliable and current without the overhead of managing multiple subsidiary reports. Start your automated NetSuite subsidiary reporting today.