About NetSuite Advanced Financials
Oracle NetSuite Advanced Financials helps you plan out your budgeting more easily, manage your expenses more efficiently, and allow for hassle-free flexible billing. In addition, NetSuite Advanced Financials provides you with statistical account functionalities for reporting both monetary and non-monetary values.
Allocation, Amortization, & Statistical Accounts
The NetSuite Advanced Financials module helps you improve your productivity by reducing the amount of time your team spends on expense allocation and amortization by automating the process. This feature allows you to allocate expense by class, department, GL account and location. Amortization schedules can also be linked to things such as bills, bill credits, and jobs. Dynamic allocation calculations can be made using statistical accounts, which have the ability to store non-monetary values.
Flexible Billing Schedules
NetSuite Advanced Financials can also save your team time when it comes to the billing process. Billing can be integrated with sales commissions and sales forecasts to give a clearer picture of future finances, and allow for more accurate budgeting and planning. With NetSuite Advanced Financials, you can also set up flexible billing schedules with the ability to assign these schedules based on sales order line items. NetSuite Advanced Financials provides clear visibility into budgets through the ability to see budgeted verses actual cashflow in real-time. This feature also simplifies the budgeting process by allowing you to easily manage multiple budgets at once.