NetSuite Online Accounting ERP Software
NetSuite Online Accounting ERP Software
NetSuite Online Accounting software can help companies by providing accounting functions like general ledger, accounts receivable and accounts payable that is also coupled with compliance management. NetSuite Online Accounting software can help companies streamline their accounting processes and integrate them throughout the entire company.
NetSuite Online Accounting Software Key Features:
- General Ledger, Accounts Receivable and Accounts Payable: NetSuite provides a robust list of features including unlimited number of accounts in the general ledger, calculates sales tax, finance charges and discounts, tracks bills, automatically sends notices to delinquent customers and define a company’s own accounting periods.
- Compliance Management: includes income statements, balance sheets, cash flow reporting; companies can receive detailed transaction and accounting related reports and attaché digital copies to financial transactions; provides total visibility into transactions and creates role-based access to control user access.
- Flexible Revenue Recognition and Billing Capabilities: supports revenue recognition for all sales transactions and assign customizable schedules to individual items; send companies immediate notification when revenue is due to be recognized; helps companies comply with AICPA, FASB and SEC regulations; and companies can manage recurring billing processes as well as one-off billing processes.
- Expense Management: NetSuite Online Accounting software uses sophisticated amortization schedules and reduces repetitive steps; links expenses to a specific job; set up allocations and supports automatic posting in the appropriate journal entry and helps companies schedule allocations to occur.
- Tax Management: allows companies to accommodate different accounting and business practices and support local reporting and tax requirements while also helping companies comply with international sales tax, VAT, GST and EC regulations. Also helps streamline the process of adding a new country by providing automatically activated tax codes.
- Multi-Currency Transactions and Revaluation: helps simplify the period-end close process with automated currency revaluation and allows items to be priced in multiple foreign currencies.