The Case For Multidimensional Accounting

Full article: https://www.netsuite.com/blog/the-case-for-multidimensional-accounting

Generating financial statements is a routine part of the close process. The income statement, balance sheet and statement of cash flows are essential tools for running a business and provide valuable information to investors and other external stakeholders. For internal stakeholders, however, standard financial reports aren't enough. They provide a snapshot of what happened, but don’t explain why. And it’s the "Why?" that really matters:

• Why were labour costs so high last month?
• Why are margins lower in some regions than others?
• Why are we getting so many returns?

To read the full article, follow this link: https://www.netsuite.com/blog/the-case-for-multidimensional-accounting