The NetSuite Accountant

How to build a monthly spend by vendor saved search in NetSuite

Paul Giese Mar 9, 2020 8:15:00 AM
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For an accounting team explaining the spending changes, having a report that quickly shows vendor spending is helpful. In this blog post, I will walk you through how to build this with a NetSuite saved search. 

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Budgeting Biotech Headcount

Paul Giese Mar 11, 2019 8:30:00 AM
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Headcount is often the most expensive component of an early-stage biotech’s budget. Planning for new hires is more complicated than just including a salary and bonus percentage. Here are five other considerations to layer into headcount budget:

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Setting up a biotech chart of accounts

Paul Giese Aug 8, 2018 9:18:00 AM
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One of the first accounting decisions made by early-stage biotech is how the chart of accounts is structured. The chart of accounts is critical for producing meaningful financial statements - a balance sheet, income statement, and statement of cash flows. Setting up a correct chart of accounts will provide useful reports to internal and external stakeholders.

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What is a Long Range Plan, Budget and Forecast?

Paul Giese Jun 21, 2018 8:00:00 AM
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You might think that a long-range plan (LRP), budget, and forecast are interchangeable. The differences were hazy to me until I started working in a financial planning and analysis (FP&A) role. Below, I discuss how each of these tools ensures financial and strategic success.

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