NetSuite Advanced Financials, Explained
Allocations, amortization, statistical accounts, and segmented budgets. What the module adds beyond core NetSuite financials.
About this episode
Allocation and amortization automation for high volumes of daily transactions leads the rundown, pitched at a faster financial close and consistent treatment month after month.
From there the voiceover covers statistical accounts, which track non-monetary values like headcount, floor space, and common shares, and support for multiple budget records segmented by department, project, location, or item. A narrated feature overview rather than a hands-on demo, with no Luxent-specific content anywhere in it.
Talk to a NetSuite consultant
Questions about what you just watched? A 30-minute call with our team gets you straight answers on your own setup.
Book a call00:00foreign management is the backbone of any business and is vital to long-term health and viability accounting departments need the right tools to most efficiently apply Financial rigor and support rapid growth netsuite Advanced financials extends the financial management capabilities of netsuite by providing solutions for expense allocations and amortization as well as statistical accounts and better budget management and Reporting it automates the allocation and amortization of large volumes of daily Financial transactions which accelerates the financial close and ensures compliance and consistent treatment month after month to assist in automating complicated allocations and Reporting requirements netsuite Advanced financials also create statistical accounts for non-monetary values and data such as headcount floor space
00:56and common shares lastly it allows the creation of multiple budget records including Department project location or item providing stronger visibility and improving centralized Financial controls all in all netsuite's financial management solution expedites daily Financial transactions accelerates the financial close and ensures compliance