The NetSuite Accountant

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

Paul Giese Mar 9, 2020 5:15:00 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 5:30:00 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 6:18:00 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 5:00:00 AM
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Are you a growing biotech organization looking to upgrade your accounting software? Check out our NetSuite Implementation Resource page for guides and help articles on starting the review for proposal (RFP) process.

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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