Amortization Schedule

Update of Journal Entries created from Amortization Schedule

Introduction Objectives Features Customer reviews Customer Testimonial Customer Testimonial

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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