NetSuite Advanced Financials

NetSuite's extension for budgeting, expense management, flexible billing, and statistical account functionality

laptop computer with financial data on glass-top table

Save time and increase productivity with NetSuite advanced financials. This is your one-stop budgeting and billing tool that integrates seamlessly with NetSuite.   With the ability to tailor your billing schedule and see how your budget compares to real-time spending, NetSuite advanced financials is a must-have for any growing business.

Want more information on how NetSuite Advanced Financials can help you with budget management and reporting, expense allocations, amortization schedules, or advanced billing management? Continue reading, or download the PDF datasheet on NetSuite Advanced Financials to learn more.


Key Benefits

  • Improve productivity with automated expense allocation and amortization
  • Calculate allocations dynamically using statistical accounts
  • Spend less time on manual billing processes
  • Get clear real-time visibility into budgets
  • Set up flexible billing schedules


Key Features & Capabilities

  • Allocate expenses by GL account, class, department and location
  • Assignment of billing schedules based on sales order line items
  • Enables monitoring of budget versus actual in real-time
  • Integrates billing with sales commissions and sales forecasts
  • Link amortization schedules to bills, bill credits, jobs and more
  • Statistical accounts to store non-monetary values
  • Supports management of multiple budgets

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.


Budget management

One of the key features of NetSuite advanced financials, budget management, provides a way to contrast your budget statement with your actual spending. Alongside this, it allows for ease in comparing multiple budgets and creating new budgets from old ones. As life happens, this allows you to tweak your budget as you go along, all while seeing how it compares to your real-time spending.


Allocation, Amortization, & Statistical Accounts

Save time and allow your team to do the work that really matters. By automating expense distribution and allocation, the finance team can focus on improving and saving. The Allocation feature allows you to record expenses without assigning them to a specific department or location, and then allocate them later based upon a weighted formula. The Amortization scheduler makes it easy to plan out spending on things such as bills, bill credits, and jobs. It also allows you to link your spending to a specific job to amortize expenses in proportion to the percent of completion. Statistical accounts store non-monetary values, such as headcount or floor space. The program can then allocate funds in proportion to the non-monetary value, by customer review, perhaps.


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. You can also set up flexible billing schedules and assign these schedules based on sales order line items. On the customer's end, it allows for easy self-service capabilities, to edit their own billing plans, method of payment, and demographic info.


Financial Management FAQs

  • What is NetSuite Advanced Financials?

    The NetSuite Advanced Financials module helps companies improve productivity and increase visibility to financial operations through the creation of flexible billing schedules and the ability to monitor budgets versus actual spending in real-time.

  • Does Anchor Group implement NetSuite Advanced Financials?

    Yes! Anchor Group provides implementation services for NetSuite modules, including NetSuite Advanced Financials. Contact us to learn more about our NetSuite module implementation services!


If this module doesn't fit your needs, there are many other NetSuite modules that serve as financial management solutions:


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