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Best Practices for Consolidated Project Reporting?


I am trying to determine the best way to run a financial report to track true expenses at the project level across multiple entities.

I have intercompany time and expenses turned on, but because Netsuite will not allow tagging a project across entities, I am not able to do a payroll allocation to the proper project (for example, a UK employee cannot have payroll associated with a US project tagged to the US project in a payroll allocation journal entry).

Ideally I would be able to run a consolidated income statement at the project level and be able to see all expenses tagged with the project. The closest thing I have been able to do to approximate costs across is the project profitability report, but the labor piece is based on blended rates so it is not really the true expenses. What have others done for project based reports across foreign entities?


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Community Whiz

Quarter 3 (Jul-Sep 2024)

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