Our take on Oracle’s Acquisition of NetSuite

Our take on Oracle’s Acquisition of NetSuite

Oracle announced that it will acquire NetSuite and it’s OneWorld ERP product at the end of July 2016 for approximately $9.3 billion. NetSuite claims to be the world’s fastest growing ERP product and they’re likely telling the truth as they’ve experienced tremendous growth over the past few years. The relationship goes back to NetSuite’s beginnings…

Trial Balance

The trial balance lists all of the accounts within the general ledger. These are both revenue and capital accounts. The trial balance is used to prepare the balance sheet. The trial balance shows that the value or sum of debit values balances (is the same as) that of the credit values in the system. equal…