How to Import Comparative Income Statement Reports from NetSuite into Excel

Finance teams need quick access to income statements for analysis and decision-making. But exporting these reports from NetSuite is time-consuming and creates static data that quickly becomes outdated.

This guide shows you how to import your Comparative Income Statement reports directly into Excel with live data connections.

Step-by-step guide to importing NetSuite Comparative Income Statement reports

Step 1: Install Coefficient and connect to NetSuite

First, you’ll need to install the Coefficient add-in and connect it to your NetSuite account:

1. Open Excel
2. Go to the Insert tab
3. Click Get Add-ins
4. Search for “Coefficient” and install it from the Office Add-ins store
5. Once installed, open the Coefficient sidebar
6. Click “Import Data”

Now connect to NetSuite:

1. Select “NetSuite” from the list of available connectors
2. Enter your NetSuite credentials when prompted
3. Authorize Coefficient to access your NetSuite data

Step 2: Import your Comparative Income Statement report

With NetSuite connected, you can now import your financial report:

1. In the Coefficient sidebar, select “Reports” as the data type
2. Browse or search for “Comparative Income Statement” in the list
3. Configure any parameters for your report (date ranges, subsidiaries, etc.)
4. Click “Import” to bring the data into your Excel spreadsheet

Your Comparative Income Statement will now appear in your Excel worksheet with all the formatting and structure intact. The data maintains a live connection to NetSuite, so you can refresh it whenever needed.

Step 3: Set up auto-refresh (optional)

Keep your financial data current without manual updates:

1. Click on the imported data in your spreadsheet
2. Select “Schedule Refresh” from the Coefficient menu
3. Choose your preferred refresh frequency (hourly, daily, weekly)
4. Set specific times for the refresh to occur
5. Click “Save” to activate the auto-refresh schedule

With auto-refresh enabled, your Excel spreadsheet will always contain the most up-to-date financial information from NetSuite, ensuring your analysis is based on current data.

Available NetSuite data in Coefficient

Frequently asked questions

Take control of your financial reporting

Importing NetSuite’s Comparative Income Statement reports into Excel doesn’t have to be a manual, time-consuming process. With Coefficient, you can create a direct connection that keeps your financial data fresh and accurate.

This approach eliminates the risk of working with outdated information and frees up valuable time for analysis rather than data preparation. Your finance team can focus on extracting insights and making decisions instead of copying and pasting data.

The ability to schedule automatic refreshes ensures everyone has access to the latest financial information without any manual intervention. And with options to share reports automatically, you can keep stakeholders informed with minimal effort.

Financial reporting shouldn’t be a bottleneck in your decision-making process. By streamlining how you access and work with NetSuite data, you can accelerate your financial analysis and respond more quickly to changing business conditions.

Try CoefficientReady to transform how you work with NetSuite financial data?today and see how much time you can save on your financial reporting workflows.