NetSuite Financial Management Module Set Up
This implementation module includes Seven Features. Scroll down to learn what each feature covers and choose the one that fits your needs.
Feature Details
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Feature Details 〰️
Accounting $950.00
Set up a fully functional General Ledger (GL) tailored to your chart of accounts, transaction types, and reporting structure.
Configure Accounts Payable (AP) and Accounts Receivable (AR) workflows — invoice creation, vendor bills, customer invoices, payment tracking, and collections automation.
Enable Cash & Bank Management, including bank account setup, transaction reconciliation, and cash-flow oversight.
Automate journal entries, recurring entries, and transaction matching — reducing manual data entry and errors.
Handle multi-currency and multi-subsidiary accounting (if using global or multi-entity setup) — core for growing or international businesses.
Manage fixed assets: track asset cost, depreciation schedules, disposals, etc. (when applicable).
Subscription and Billing $850.00
Configure recurring billing, automated invoice generation, and billing cycles: suited for subscription-based or SaaS businesses.
Support usage-based or contract-based pricing models, including different billing frequencies or tiers if needed.
Automate billing renewals, credit memos, prorations, and invoice adjustments; minimize manual intervention and billing errors.
Provide real-time visibility into billing activity and future revenue forecasts, helping improve cash-flow planning.
Planning and Budgeting $1,050.00
Build company-wide and department-level budgets and forecasts - enabling structured financial planning beyond just accounting.
Use what-if scenario modeling and predictive planning - forecast different growth or expense paths, test budget assumptions, and make data-driven projections.
Enable collaborative budgeting workflows: multiple stakeholders can input, approve, and adjust budgets in one unified environment (instead of spreadsheets).
Compare actuals vs. budget/forecast in real time - helping track performance, variance, and improve financial planning accuracy.
Revenue Recognition $1,150.00
Automate revenue recognition based on accepted standards (e.g., ASC 606 / IFRS 15), even for complex contracts with multiple deliverables or bundled products.
Set up rules for recognizing revenue over time or upon milestone or completion, suitable for services, subscriptions, or long-term contracts.
Automate posting of deferred or recognized revenue schedules, amortizations, and journal entries to maintain accurate financial books throughout the contract life.
Generate compliant financial statements consistent with accounting standards, reducing audit risk and ensuring transparent reporting.
Financial Reporting $850.00
Set up role-based dashboards and KPIs, delivering real-time visibility into key financial and operational metrics.
Automate generation of standard financial statements: balance sheet, income statement (P&L), cash flow statements, saving time at period-end
Enable drill-down capability to view aggregated data or dive into individual transactions for audit or analysis.
Support multi-entity/multi-currency reporting and consolidation if business spans multiple subsidiaries or countries.
Governance, Risk, and Compliance $1,300.00
Enable audit trails and change logs, capturing who did what and when — important for compliance, audits or regulatory reviews.
Implement access control and segregation of duties, ensuring only authorized personnel can view or edit sensitive financial data.
Support multi-book accounting and multi-jurisdiction compliance (if needed) — helpful for businesses operating across regions or with regulatory requirements.
Automate compliance-related reporting, tax calculations, and documentation, reducing the risk of manual errors and regulatory issues.
Financial Consolidation $1,395.00
Automate intercompany eliminations, currency revaluations, and consolidation of subsidiary financials into a master view.
Accelerate the close process across entities, reduce manual consolidation efforts and cut down period close time significantly.
Provide unified financial visibility across multiple business units, regions, or departments, critical for scaling organizations or holding structures.
Why It Matters
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Why It Matters >
Ensure Compliance & Accuracy. Automate revenue recognition processes to stay compliant with ASC 606 and IFRS 15, ensuring accurate and audit-ready financial statements.
Accelerate Financial Close. Eliminate manual journal entries and automate deferred and recognized revenue schedules to speed up monthly and quarterly closings.
Gain Real-Time Insights. Access up-to-date revenue data and dashboards for better forecasting, variance tracking, and performance analysis.
Improve Forecasting & Planning. Link revenue recognition directly with billing and fulfillment data to generate more reliable projections and business insights.
Enhance Transparency & Trust. Deliver clear, consistent financial reporting that builds stakeholder confidence and reduces audit risks.
Deliverables | What You Get