Save time and headache in every close period

Efficient

Collaboration

Centralized

Accurate

Customizable

Save time by automating parts of the close process

Automating (or even eliminating the need for) key steps in the accounting close process reduces the drudgery of reconciliations and assigns remaining tasks to relevant team members. Comprehensive workflow tracking helps team members use their time efficiently by prompting each task and linking to the relevant data within NetSuite when possible.

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Trust your close process

Monitor real time close progress at a glance. NetClose brings reconciliation and substantiation into NetSuite to track actions taken by each individual contributor, and to create an auditable record of each task through the close process. Signoffs, certifications, key controls, and SOPs are tracked and managed on the record so there are no questions when it comes to the integrity of your financial statements.

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Keep everything in NetSuite

Close where accountants already work

Rather than exporting books and reconciling in a third-party system, NetClose automatically pulls your NetSuite GL balances and subledgers into each reconciliation. Similarly, by managing workflows within NetSuite, users, tasks, and completions are recorded within a single system the accounting team already shares. Centralizing these processes within the ERP improves security, eliminates confusion and keeps the team accountable. Automated amortization and accrual eliminate additional spreadsheets and keep more of the close in NetSuite, where it belongs.

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Confidence in the close

Reduce human error by automating reconciliation and substantiation in NetSuite. Be confident that reported numbers are correct the first time by managing signoffs, certifications, key controls and SOPs on the record. Reduce audit risk by leaving subledger calculations in NetSuite, reducing the possibility of manual entry and spreadsheet error.

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The right tools for the job

Every company’s accounting needs are different, so each close is different. NetClose brings powerful customization tools into NetSuite for simplified, independent closing of subsidiaries, accounts and segments. NetClose itself is highly customizable to your needs as your business develops and changes. Our attentive implementation and customer support teams help make your close easy.

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See how NetClose can work for you

Configurable dashboard for close transparency

Configure auto-reconciliation rules

Generate reconciliations each month

Quickly review reconciliations from overview screen

Account balances and activity are automatically brought in from GL

Generate close checklist from template tasks or roll tasks over from last month, quarter or year.

Review and edit tasks from the close checklist view

Document accounting procedures right in NetSuite and link them directly to the related task

Track and record journal entries for amortizations within NetSuite

Track and record journal entries for accrued expenses within NetSuite

The most efficient way to close the books in NetSuite

Automated reconciliation and substantiation

Reduce human error, automate the reconciliation process required to close the monthly books. Using a set of configurable rules, NetClose reconciles supporting details with the transactions in the general ledger using existing details recorded in NetSuite, either completing the entire reconciliation or creating a list of remaining transactions to investigate. The results can then be substantiated and prepared for certification.

Accounting close, consolidation and reporting task management

Comprehensive workflow tracking manages your key tasks associated with accounting close, consolidation and reporting. Create monthly, quarterly, or annual close tasks from pre-defined templates to quickly setup your close checklist each month. Tasks can be assigned to an owner, due date, and more, while being linked directly to the accounting procedure documentation within NetSuite. Embedding this system in NetSuite also allows NetClose to link to relevant screens in the ERP.

Accounting procedure tracking and documentation

Connect close checklist items to relevant accounting procedures allowing direct access to procedure documentation on each close task.

Customizable close

Close any subsidiary, account, or other segment (department, class, location) independently from a list. This simplifies the process of closing books in NetSuite. Allows different business units to easily close books independently, maintaining a key control that can be lost in larger NetSuite implementations.

Key control tracking

Native NetSuite roles and permissions allow you to design and track approvals and key controls, enabling complete visibility into who performed any task and when it was completed, before the books are locked each month.

Certification process management

Track, manage and report certifications related to business operations or the integrity of processes within the ERP.

Financial fluctuation and analysis documentation

Managers can set thresholds for acceptable fluctuations from month to month. If thresholds are exceeded, NetClose will automatically trigger a team member to investigate and document the fluctuation that is recorded with the closed books for future reference. With complete drill-down capability, analysts can view the individual transactions that caused the fluctuation within NetSuite.

Amortization and accrual subledgers

Track and record journal entries for accrued expenses and income within NetSuite. Bringing these subledgers into NetSuite automates amortizations and accrual accounting from initiation to posting to the GL.

Close the books faster
with automated task management

See how NetClose can work for you

The most efficient way to close the books in NetSuite

See NetClose in action

Already sold on NetClose?

See NetClose in action

Already sold on NetClose?

Close the books fasterwith automated task management

See how NetClose can work for you

The most efficient way to close the books in NetSuite

See NetClose in action

Already sold on NetClose?

See NetClose in action

Already sold on NetClose?

Close the books faster
with automated task management