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Accounting Subledger /general ledger

in Ask A Guru 5 comments

We are a project-based company in the minerals sector with diversified business interests, currently migrating from a legacy ERP to Oracle NetSuite. While NetSuite was recommended by our ERP consultants after requirement analysis, we are now being advised that multiple requirements may need customization.

I am looking for expert clarification from the NetSuite community on some fundamental standard capabilities of NetSuite to help us make informed decisions

📢

1. Subledger: Does OracleNetSuite support subledger-level tracking within General Ledger, e.g., forcategories such as investments in mutual funds? Specifically, under a single GLaccount (e.g., Mutual Funds), can multiple underlying investments (individualschemes/funds) be tracked as subledgers, even though these are not vendors orcustomers? If not a standard feature, what alternative structuring (e.g.,custom segments, classes, or records) is recommended?

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