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NetSuite ERP - Accounting

Accounting

Highlights

NetSuite is the first and only on-demand Accounting / ERP solution that supports all your back-office operations. While some Accounting software provides one or a few pieces of enterprise resource planning (ERP) software, NetSuite offers a comprehensive business suite with everything you need in one powerful solution.

Benefits

Full Accounting and Financials
Fully integrated front and back office
Reliable, real-time reports

General Ledger, Accounts Payable and Receivable

Highlights

Gain full financial visibility into your payables and receivables with real-time access to outstanding invoices and bills. And once customers receive your goods or services, you can quickly generate invoices from sales orders with just one click, reducing paperwork and improving efficiency.

Benefits

Full management and reporting of AR and AP
Automated Journal postings for all transactions
Track and manage all revenue and expense to ensure the best possible cash flow

Online Bill Payment

Highlights

NetSuite's banking features allow for an unlimited number of bank accounts. You can write and print checks, or use online bill pay to transfer funds electronically. You can also import bank statement data and reconcile it with accounting transaction data.

Benefits

Reduce time and expense of checks with online bill pay and EFT
Manage multiple bank accounts for more accurate cash flow tacking
Create and print physical checks from NetSuite

HR and Payroll

Highlights

NetSuite Basic Payroll, fully integrated with NetSuite, provides you everything you need to manage payroll in-house.
NetSuite payroll allows you to calculate employee earnings, deductions, and payroll taxes, supports all federal, state, and more than 10,000 local taxes automatically. All required payroll tax forms are available online and come pre-filled with employee and employer data. Automated direct deposit streamlines payment and NetSuite payroll features are fully integrated with NetSuite accounting, commissions, expense management and reporting.

Benefits

Manage your employee information base within NetSuite
Display and manage HR policies on Intranet
Calculate payroll and taxes
Auto-fill tax forms for filing to reduce overhead

Allocations

Highlights

Allocations can be set up as dollar amounts or on a percentage basis, and post the appropriate journal entry for you. With NetSuite's financial management services you can also schedule an allocation to recur, like a memorized transaction, and get a reminder when it is time to post an allocation journal.

Benefits

Allocate expense and revenue to suit your business structure
Memorize and automate allocations on schedule

Advanced Project Accounting

Highlights

NetSuite Advanced Project Accounting lets you manage your professional services organization more effectively with integrated project/job tracking and reporting. With NetSuite, you can automate project/job creation when specific services are sold, and automatically track percent complete and time budgeted and spent on project tasks. Reports for utilization and backlog help you analyze your employees' workload and efficiency. Estimated job profitability reporting compares your projected loaded labor cost on projects against expected billings.

Benefits

Automatically create project/jobs associated with sale of services
Monitor and optimize resource usage and reduce backlog
Calculate labor costs and forecast billing for more accurate cost/revenue projections

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