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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
Manual GL data extraction from NetSuite for variance analysis requires navigating to reports, setting parameters, and exporting data repeatedly for different periods and subsidiaries.
Here’s how to automate GL data extraction that eliminates manual export processes and enables sophisticated variance analysis workflows.
Automated GL extraction using Coefficient
Coefficient addresses GL data extraction through its Reports import method and SuiteQL Query capabilities. The Reports method directly accesses NetSuite’s General Ledger report with configurable accounting periods and subsidiary selection, while SuiteQL Query enables custom GL data extraction with complex filtering and calculated fields for advanced variance analysis.
How to make it work
Step 1. Set up automated GL report imports.
Use Coefficient’s Reports import method to access NetSuite’s General Ledger report directly. Configure accounting periods, subsidiary selection, and accounting book options that align with your variance analysis requirements.
Step 2. Create custom GL queries for advanced analysis.
Build SuiteQL queries for custom GL data extraction with complex filtering, account groupings, and calculated fields. Handle scenarios like inter-company eliminations, multi-currency consolidation, and custom account hierarchies that standard reports can’t accommodate.
Step 3. Configure automated variance analysis workflows.
Set up imports where current period GL data automatically populates alongside budget or prior period comparisons. Create account-level variance calculations that update automatically as new transactions post, and multi-dimensional analysis by department, class, or location.
Step 4. Build comprehensive variance analysis templates.
Create Excel templates with automated period-over-period comparisons where multiple GL periods import into adjacent columns for immediate variance calculation. Set up real-time budget vs. actual analysis that updates as journal entries are posted throughout the month.
Transform your GL variance analysis
Automated GL data extraction replaces hours of manual export work with one-click refresh operations that keep variance analysis current with NetSuite activity. Start automating your GL variance analysis today.
