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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.”
Coefficient’s NetSuite Excel integration provides access to NetSuite’s native currency data and conversion capabilities, though automatic currency conversion handling depends on your NetSuite configuration and the specific data fields you’re importing. You can access both base currency amounts and foreign currency amounts as they exist in NetSuite.
Here’s how to work with multi-currency NetSuite data in Excel while maintaining the integrity of your existing currency conversion and consolidation rules.
Access NetSuite’s native currency data and conversion settings
When importing financial data through Coefficient’s Records & Lists or Reports methods, you can access both base currency amounts and foreign currency amounts as they exist in NetSuite. For transactions and financial records, NetSuite typically stores both the original transaction currency and the converted base currency amounts, and Coefficient can import both sets of values.
How to make it work
Step 1. Import financial data with currency field selection.
Use Coefficient’s Records & Lists method to import financial transactions and select specific currency-related fields during import configuration. Choose original amounts, converted amounts, exchange rates, and currency codes for comprehensive multi-currency analysis.
Step 2. Access NetSuite reports with currency settings.
Use Coefficient’s Reports import method for Income Statements and Trial Balance reports, selecting specific accounting books and subsidiary configurations that determine currency presentation. These reports respect NetSuite’s currency conversion settings and consolidated reporting rules.
Step 3. Configure multi-currency field imports.
When working with multi-currency data, use Coefficient’s field selection capabilities to import both original transaction currencies and converted base currency amounts, giving you flexibility for different analytical needs.
Step 4. Build custom currency calculations in Excel.
For organizations requiring custom currency conversion logic beyond NetSuite’s native capabilities, use Coefficient’s formula preservation features to build Excel-based currency calculations that work alongside imported NetSuite data.
Step 5. Set up automated refresh for current exchange rates.
Configure automatic refresh schedules to ensure your currency data stays current with NetSuite’s latest exchange rates and conversion calculations, maintaining accuracy in your multi-currency analysis.
Maintain currency integrity while gaining Excel’s analytical power
Coefficient imports currency data exactly as NetSuite presents it, maintaining the integrity of your existing currency conversion and consolidation rules. You can create custom conversion formulas, variance analysis, or currency impact calculations that update automatically when NetSuite data refreshes. Start analyzing your multi-currency NetSuite data today.
