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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 trial balance exports from NetSuite break your Excel formulas and create version control nightmares. Dynamic formula connections let you reference live NetSuite data without constant CSV downloads and formatting fixes.
You’ll learn how to create Excel formulas that pull trial balance data directly from NetSuite and update automatically as your accounting periods close.
Create formulas that reference live NetSuite trial balance data
Coefficient enables Excel formulas to dynamically reference NetSuite trial balance data through live connections. The platform creates a live data table in Excel that your formulas can reference without manual exports.
How to make it work
Step 1. Import trial balance data using the Reports method.
Select “Trial Balance” from NetSuite report options and configure your reporting period, accounting book, and subsidiary. The import creates a structured Excel table that serves as the foundation for your formula-based reporting.
Step 2. Build dynamic formulas using structured table references.
Use XLOOKUP to pull specific account balances: =XLOOKUP(A2,TrialBalance[Account],TrialBalance[Balance]). Create account groupings with SUMIFS: =SUMIFS(TrialBalance[Balance],TrialBalance[Account],”>=1000″,TrialBalance[Account],”<2000"). These formulas automatically update when the underlying data refreshes.
Step 3. Set up advanced analysis formulas for variance and reconciliation.
Build variance analysis with =IFERROR((Current[Balance]-Prior[Balance])/Prior[Balance],0) for percentage changes. Create reconciliation checks using =IF(XLOOKUP(A2,TrialBalance[Account],TrialBalance[Balance])=B2,”Balanced”,”Review”) to flag discrepancies automatically.
Step 4. Configure refresh schedules aligned with your close process.
Set daily auto-refresh during month-end close periods and weekly refresh during interim periods. Your formulas always reference current NetSuite data without manual intervention or copy-paste operations.
Build formulas that work with live data
Formula-based trial balance connections eliminate manual exports while maintaining calculation transparency and audit trails in your Excel workbooks. Start building your dynamic trial balance formulas today.
