NetSuite Grocery Accounting Software

NetSuite automates accounting, connects inventory and sales, and delivers the insights grocers need to grow their profitability and manage perishable inventory accounting.

What is NetSuite Grocery Accounting Software?

NetSuite Grocery Accounting Software combines core financial management with grocery-specific features while connecting directly to inventory and supply chain data. All transactions, from vendor payments to wholesale billing, flow directly into the general ledger, providing real-time visibility into revenue, cash flow, and margins. By embedding accounting into daily grocery operations, NetSuite cuts down on manual work, reduces errors, and equips accounting and finance teams to make informed decisions.

Improve financial controls, close faster, and ensure accuracy

Accounting made simple

NetSuite’s automated accounting tools tie every purchase, disbursement, and return to live inventory and sales data, so grocers can close their books faster, maintain compliance, and protect margins—all while providing GAAP-compliant, auditor-trusted reporting.

NetSuite Grocery Accounting Software features

Grocery accounting isn’t just about balancing ledgers. It’s about handling rebates, credits, taxes, and thousands of transactions—and doing it all in one centralized system.

General ledger

Track every transaction by SKU, store, or department. NetSuite’s general ledger automatically posts promotions, markdowns, perishable inventory valuation adjustments, and supplier allowances and incentives, offering real-time visibility and drill-down reporting for finance teams.

Cash management

Consolidate cash positions across bank accounts, stores, and payment types. Forecast inflows and outflows by factoring in supplier terms, wholesale receivables, and seasonal demand to maintain liquidity and map out spending.

Accounts receivable

Automate invoicing for wholesale, catering, and other B2B customers while tracking transactions, promotional credits, and early-pay terms. Accelerated collection cycles improve cash flow and minimize writeoffs from missed or late payments.

Accounts payable

Three-way matching flags duplicate or inaccurate invoices. Automated approvals and payment scheduling mean vendors get paid correctly and on time while capturing discounts and maintaining accurate ledgers.

Account reconciliation

AI-assisted matching aligns bank feeds, credit card activity, and POS transactions. NetSuite flags discrepancies early, helping the finance team close more quickly and without manual corrections.

Tax management

Automatically calculate and apply the correct sales, use, and excise taxes to every transaction—whether a wholesale invoice or an in-store sale—to simplify filings and reduce audit risk.

Close management

Journal entries, adjustments, and consolidations flow automatically across entities. The month-end close becomes faster and more predictable, even for grocery chains with dozens of locations.

Fixed assets management

Track and depreciate store assets, like refrigeration units, POS systems, and security cameras, from purchase to retirement. NetSuite records every update for accurate reporting and better asset decisions.

Payment management

Process incoming and outgoing payments—ACH, card, or check—directly in a single platform. Capture early-pay discounts, issue refunds, and apply credits without manual reconciliation.

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NetSuite’s been able to keep up with our explosive growth. We can triple our volume right now and it wouldn’t impact our systems.

Greg Balestrieri, CEO, Green Rabbit

NetSuite Grocery Accounting Software benefits

Improve financial accuracy. Automated postings and reconciliations reduce manual data entry, helping grocers maintain accurate books while managing multiple stores, channels, and legal entities.
Boost profitability. Link every rebate, markdown, and supplier credit to the general ledger for laser-sharp visibility into which items or promotions lift margins—and which quietly drag them down.
Accelerate the close. From data capture to period-end reporting, automated workflows trim days off monthly close cycles, freeing finance teams to focus on growth initiatives.
Simplify tax and audit prep. Line-level tax calculations and built-in audit trails turn compliance into a routine task, saving time and stress during filings and inspections.
Gain deeper operational insight. Live dashboards blend accounting, inventory, and sales data so managers can understand which categories, SKUs, or regions are performing best.

Challenges NetSuite Grocery Accounting Software solves

Cumbersome manual accounting. NetSuite automates postings, reconciliations, and journal entries, slashing time spent on error-prone retyping.
Fragmented financial data. NetSuite combines previously disconnected sales, vendor payment, and other critical data, delivering timely insights into true store and product performance and profitability.
Margin blind spots. Discounts, allowances, and spoilage costs can go untracked. NetSuite syncs every adjustment with the general ledger, giving finance a clear view of the actual bottom line.
Complex tax landscape. NetSuite automates sales and use tax calculations, filings, and compliance tasks across numerous jurisdictions, relieving grocers of tedious and complex tax chores.

SuiteSuccess – Your proven path to success

Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our SuiteSuccess customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize NetSuite to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.

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How much does NetSuite Grocery Accounting Software cost?

Companies of every size, from prerevenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual fee. Your license is made up of three main components: core platform, optional modules, and number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.

NetSuite Grocery Accounting Software is available as an add-on module.

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Please note that some capabilities described on the page require partner integrations.