NetSuite is a cloud-based enterprise resource planning (ERP) system that offers a range of financial management tools for businesses. These tools can help businesses manage their financial transactions, create reports, and make informed decisions about their financial management.
The financial management module of NetSuite includes the following features:
General ledger. This feature allows businesses to manage their financial transactions and create financial reports. It includes tools for account reconciliation, budgeting, and multi-currency support.
Accounts payable. This feature allows businesses to manage their vendor invoices, create and track payments, and generate reports on their vendor spending.
Accounts receivable. This feature enables businesses to manage customer invoices, track payments, and create reports on their customer billing and payment history.
Bank reconciliation. This feature enables businesses to compare their bank statement to their own records, identifying any discrepancies and ensuring that their financial records are accurate.
Cash management. This feature helps businesses track their cash flow and make informed decisions about their financial management. It includes features for forecasting and budgeting, as well as tools for managing liquidity and reducing risk.
Overall, the financial management module of NetSuite provides businesses with a range of tools and features to help them effectively manage their financial transactions and make informed decisions about their financial management.