New to NetSuite | Financial Statements and Reports

Financial reporting is an accounting procedure that conveys financial information to both internal and external parties. The fundamental element of financial reporting is the financial statements. Financial statements are important documents that provide a snapshot of a company's financial performance and position at a specific point in time. These reports serve as a crucial tool for assessing the financial health and performance of a company, and they are used by a variety of stakeholders for different purposes.

NetSuite offers specialized customization techniques for these financial statements. You can navigate via Reports > Financial to access financial reports, including financial statements (ex. income statements, balance sheets, and cash flow statements). For a list of NetSuite standard financial statements, see