In a continuing series of customizing your Income Statement Layout, I wanted to show you how you can get a Statement with EBITDA calculated after Net Income. First, please review my previous blog here (or https://blog.concentrus.com/create-a-new-income-statement-layout).
Is your Income Statement in need of a face lift? If you are not able to over-haul your Chart of Accounts, you can update your Income Statement Layout directly in NetSuite. I will walk you through some steps that will consolidate the GL accounts on your Income Statement. From this walk through, you should have enough information for you to customize your own report.
What is Segmentation in Netsuite? Segmentation or classification are ways to categorize entity (Vendor, Customer, Item) records and transactions amounts in NetSuite. For instance, you may want to see your Income Statement separated out by Location; Location will be a classification field on your transactions. There is native reporting function that will automatically break up your Financial Statements in segmentations.