Amortization Schedule in NetSuite
Simplify your amortization schedule management in NetSuite and ensure clear links between transactions and journal entries.
Introduction
As a NetSuite user, you have probably noticed that when a Journal Entry is created from an amortization schedule, it is hard to make the link between the transaction on which the amortization is applied and the Journal Entry itself. The link is present directly on the amortization schedule but it cannot be found on either transaction.
This makes it difficult for most of our customers to track their amortization process efficiently, and this is why we developed this small but handy solution that will prevent a lot of headaches amongst A/P Clerks and other Finance Managers.
Objectives
As an implementation & optimization NetSuite partner, we always try to find creative and impactful ways to improve our customers’ experience ; with this simple but effective enhancement, this is mission accomplished for most of the companies that we support!
A better overview of the amortization process, fewer steps to monitor related transactions, and more informative reporting, this development definitely is an interesting patch to improve any NetSuite user’s daily operations.
Features
- A scripted solution that updates the memo of the journal entry lines with the memo of the bill.
- Direct link to the related bill thanks to a new custom field
- More readable financial reports
- Quick and impactful
- No risk of negative outcome
- Improved amortization overview
- Easier information access for reporting
Customer Reviews
- Easy and straightforward
- Adaptability to the users’ business
- Can be fully automated
- Time saving
Key information
- Fixed and transparent price
- Implemented in just few days based on your needs
- Onboarding, setup & configuration and training included
- Read our LAST ARTICLE ABOUT AMORTIZATION SCHEDULE
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