NetSuite Account Reconciliation
Prove every
balance.
See balance comparison, transaction matching and sign-off inside NetSuite, in about a minute.
Where do your reconciliations actually live?
that file and the person who built it
Each account has its own spreadsheet, its own logic and its own owner. When that person is away, the reconciliation waits.
The auditor asks who reviewed the account and when. The answer sits in an email thread, if it was written down at all.
Bank, card and intercompany lines get ticked off one at a time, so the close moves at the pace of the slowest match.
AT MONTH END
What your finance
team does in NetSuite
Reconcile against the ledger, side by side
Compare the general ledger with bank records, subledgers and other sources. Drill back to the NetSuite transaction behind any reconciling item.
Let rules do the matching
Set rules for one-to-one, one-to-many and many-to-many matches. Suggested matches are there to accept or discard, and exceptions are left for a person to look at.
Capture preparer, reviewer and sign-off
Every reconciliation has an owner and a reviewer, with approval workflow, notifications and a full history of every action.
Explain the movement
Flux analysis explains balance changes month on month, quarter on quarter or year on year, so the commentary is not rebuilt each period.
From the video: general ledger and subsidiary balances compared side by side.
Reconciliations that live with the ledger
NetSuite Account Reconciliation is Oracle NetSuite’s own reconciliation product, natively integrated with NetSuite. Transactions come straight from NetSuite, and accountants can drill back to the source transaction behind any reconciling item.
Start from best-practice reconciliation formats, or build your own.
Supporting documents are stored against the account, so reconciliations are not lost or altered.
Schedule, assign and monitor close tasks from one dashboard.
Entered and functional currencies shown side by side.
Added to the NetSuite you already run.
Talk to Jcurve to see whether it fits how your team closes the month.
NETSUITE ACCOUNT RECONCILIATION
Start with
a conversation
Already a Jcurve NetSuite customer? Your account manager can arrange a walkthrough.
Walkthrough
Scope
The accounts, formats and matching rules are mapped with your team.
Licence
Account Reconciliation is added to your NetSuite account.
Set up
It is configured and handed over to your finance team.
Built for finance teams whose balance sheet has to stand up
reconcile, high transaction volumes, or an auditor who wants to see the evidence.
Multi-subsidiary groups
Multi-currency operations
High-volume bank and card transactions
Intercompany balances
Businesses with an annual audit
Teams working to a tight close calendar
Book a demo.
See NetSuite Account Reconciliation in action, and talk to us about how it could fit the way your team closes the month.