The first step is to set up the subsidiaries and subsidiary hierarchy; in other words, to determine which subsidiaries report to parent subsidiaries. This may be very simple, where all subsidiaries report to the same parent:
Alternatively, it can be more complex, as follows:
Once set up, NetSuite has the ability to report by each subsidiary individually (such as the UK or South Africa) or for a group of subsidiaries. A financial report for Americas, for instance, would incorporate all the transactions for all of the children of Americas, namely USA, Mexico, and Canada, and a report for the entire consolidated company would return the results for the subsidiaries.
The report would be displayed in the currency of the node or level that is being reported on, so EMEA financials are reported...
