NetSuite OneWorld helps global companies improve financial and operational efficiency, enhance real-time visibility, and at the same time flexibly meet the customization needs of the company and its branches. Supporting more than 190 currencies, 19 languages, deployed in more than 160 countries, and meeting North American, European, and Asian accounting standards Accounting standards and regulations.
Netsuite oneworld, through integration with the Xignite platform, supports daily updates of the latest exchange rates for global transactions from the platform, helping you to better obtain global subsidiary information.
NetSuite multi-currency management supports more than 190 currencies and exchange rates, enabling you to conduct business with customers and suppliers worldwide, as well as various payment options. It provides real-time currency conversion and financial consolidation for all your global operations.
NetSuite OneWorld has a built-in tax engine that can be configured according to your specific business needs.
Off-cloud pre-configuration of tax codes and localized reports for more than 50 countries.
The flexible indirect tax engine can automatically calculate Canada HST, Mexico IVA, Germany Mwst, Philippine VAT, Australia GST, China Golden Tax VAT, etc. Cross-border sales and internal EU reports for all 27 EU countries, including the ability to submit reports online in many countries.
In order to meet China's local taxation needs, NetSuite OneWorld has customized a set of Chinese localization packages for China Club by the China R & D Center, including:
1. Generate China VAT transactions
2. View and print Chinese accounting documents
3. China Balance Sheet Report
4. China Cash Flow Statement Report
5. China Income Statement Report