Close the books faster
with automated task management

NetClose brings close management into NetSuite, where it belongs, giving everyone visibility for improved team coordination, accountability and efficiency

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Save time and headache in every close period
Efficient
Collaboration
Centralized
Accurate
Customizable
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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

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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. 

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Ready to talk?

See NetClose in action

WATCH A DEMO VIDEO

Already sold on NetClose?

GET A LIVE DEMO
111