Netsuite Accounting Services

● NetSuite Accounting Services

How can NetSuite accounting services help startups build scalable financial operations?

At ERB Proximo, we help Israeli startups and growth companies use NetSuite as a strategic financial infrastructure platform — not just a bookkeeping system. NetSuite is especially powerful for companies managing multiple entities, currencies, revenue models, and investor reporting requirements as they scale into the U.S. and beyond.

Our role is to design and support NetSuite environments that improve visibility, automate finance processes, strengthen controls, and support founder-grade decision making. From implementation and configuration to reporting, close process, and finance operations, ERB Proximo provides the accounting expertise and CFO-level perspective needed to make NetSuite work properly.

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Why companies choose ERB Proximo

  • Hands-on expertise in NetSuite and Priority environments
  • CFO as a Service for startups and growth-stage companies
  • Integrated accounting, tax, reporting, and finance support
  • Experience supporting Israeli companies operating in the U.S.
  • Strong understanding of technology, logistics, inventory, and global operations

Why does NetSuite fit scaling startups so well?

NetSuite is designed for companies that have outgrown entry-level accounting tools and need a unified system that supports multi-entity growth, automation, control, and real-time financial visibility.

01

Complex structure, simple view

NetSuite’s unified database supports multiple subsidiaries, currencies, and business lines while preserving a consistent reporting structure and cleaner chart of accounts.

02

Multi-currency operations

NetSuite handles currency conversion and consolidated reporting across ILS, USD, and other currencies with less manual FX adjustment work.

03

Automation and workflows

Recurring journal entries, intercompany reconciliations, revenue recognition, and close activities can be automated to reduce manual effort and accelerate finance operations.

04

Built-in controls

Role-based access, approval workflows, and audit trails support stronger compliance, fewer errors, and more disciplined financial governance.

05

Reporting and dashboards

Real-time dashboards help founders and finance leaders track burn rate, cash runway, performance metrics, and operating trends without relying on fragmented spreadsheets.

06

Scalable finance architecture

When configured correctly, NetSuite becomes a long-term finance platform that supports growth, fundraising, governance, and international expansion.

What does ERB Proximo provide in a NetSuite accounting environment?

We support companies across implementation, configuration, reporting design, close processes, and finance operations — helping NetSuite become a working management system rather than just an accounting database.

Core NetSuite accounting services

  • Implementation and setup: configure NetSuite to match the business structure, chart of accounts, and reporting logic
  • Multi-entity configuration: manage subsidiaries with intercompany tracking and consolidated reporting
  • Multi-currency setup: create accurate reporting across international operations
  • Revenue recognition: align workflows with ASC 606 and IFRS 15 requirements
  • Tax engine support: structure VAT, GST, and U.S. sales tax logic where needed
  • Dashboards and reporting: build startup-relevant metrics and management visibility
  • Training and change management: improve adoption and process consistency across teams

Why accounting expertise still matters

NetSuite is powerful, but software alone does not guarantee a strong finance function. The chart of accounts, entity structure, reporting logic, revenue rules, intercompany configuration, and close process all need to be designed with accounting judgment and business context.

ERB Proximo combines ERP fluency with CFO-level execution so founders can rely on financial outputs that are useful, accurate, and decision-ready.

Common implementation pitfalls

  • Overcomplicating the chart of accounts: use segments and dimensions wisely instead of building excessive account detail
  • Weak intercompany rules: unclear tagging and account logic create reconciliation and elimination problems
  • Underestimating data migration: opening balances and historical mapping require structured validation
  • Ignoring local requirements: Israeli VAT and U.S. tax rules still need proper adaptation inside the system
  • Insufficient training: user adoption is essential for ERP value creation

Best-practice approach

A successful NetSuite rollout requires more than configuration. It requires disciplined scoping, thoughtful process design, finance ownership, and a practical plan for adoption. Startups that invest properly in setup and governance usually see smoother closes, better visibility, and stronger investor readiness over time.

What scope and effort should startups expect?

NetSuite projects vary depending on entity structure, reporting complexity, integrations, migration scope, and the level of automation required.

Project scope ranges

  • Basic single-entity setup: suitable for one legal entity with core GL, AP/AR, reporting, and simple data migration
  • Multi-entity / multi-currency setup: includes U.S. expansion, intercompany design, eliminations, and consolidated reporting
  • Full-scale deployment: multiple subsidiaries, advanced modules, custom integrations, and more extensive data migration

How ERB Proximo approaches scope

We help companies define the right implementation scope for their stage, rather than overbuilding too early or under-designing key finance foundations. That includes balancing system requirements, finance maturity, compliance needs, and long-term scalability.

How do you measure success after go-live?

The right NetSuite environment should improve speed, reliability, visibility, and control across the finance function.

01

Days to close

Reduce month-end close from weeks to days through stronger structure and automation.

02

Data accuracy

Lower reconciliation issues and reduce manual adjusting entries after implementation.

03

User adoption

Move finance activity out of spreadsheets and into the ERP environment itself.

04

Financial visibility

Generate consolidated reporting and startup metrics faster and with more confidence.

05

ROI over time

Improve finance efficiency, reduce friction, and support investor-grade financial operations.

NetSuite as strategic financial infrastructure

For global startups, finance infrastructure is not an administrative detail — it is a strategic asset. ERB Proximo helps growth-stage companies configure NetSuite as a scalable management system that supports investor transparency, reporting discipline, international expansion, and smarter decision making.

Investor-ready structure

We help create clean charts of accounts, reporting logic, and finance processes that support diligence and board-level visibility.

Cross-border scalability

Our team supports the complexity of multi-entity operations, currencies, intercompany flows, and global reporting frameworks.

CFO-level guidance

We bring accounting, reporting, tax awareness, and strategic finance thinking into the way NetSuite is designed and operated.

What our clients say

ERB Proximo supports founders and finance teams with financial clarity, hands-on execution, and scalable systems for growth.

“Partnering with ERB gave us the financial clarity and cross-border expertise we needed to scale with confidence. They didn’t just handle accounting — they became a strategic partner, guiding us through U.S. expansion, compliance, and financial planning every step of the way.”

Meitav Harpaz
CEO, Pattern Acquired by PassportCard

“ERB’s guidance, quick responses, and sharp financial insights have helped us stay on track and control the fast growth of our business in the US. We truly value the partnership and the peace of mind that comes with knowing we’re in the best of hands.”

Gilad Blum
Deputy CEO, HB Consulting

“ERBProximo has been a true financial partner to Seraphic from day one. From building the company’s financial infrastructure in the earliest stages through supporting our growth and operational scale, all the way to the acquisition by CrowdStrike, their team provided the strategic insight and hands-on execution we needed at every step.”

Ilan Yeshua
Founder and CEO, Seraphic Acquired by CrowdStrike

Need NetSuite accounting support that matches your growth stage and operating complexity?

ERB Proximo helps Israeli startups and growth companies build reliable NetSuite environments that support accounting accuracy, better reporting, stronger controls, and scalable U.S. expansion.

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