NetSuite Tips & Tricks: Year End Closing

We are approaching the end of the year, and it is time to be thinking about your year-end business processes.  The end of the year can be a busy time for businesses, but with the right preparations it doesn’t have to be painful as well.  To save you time and energy, we have compiled a list of NetSuite resources to help your year-end process run as smoothly as possible.

Year-End Help is at Your Fingertips

If you think you may need guidance or assistance with your year-end closing process, don’t wait until the last minute to seek out help. The Vested Group’s support practice, inVESTED, can offer NetSuite users personalized year-end closing advice and support to lead you through your end of the year tasks with efficiency and confidence. Contact inVESTED today to find out more about our NetSuite support offerings.

Year-End Closing Process FAQs

What is the year-end closing process? What are the different methods used for year-end closing? What is the difference between locking and closing the period? These common year-end closing questions and more are answered in NetSuite’s Year End Closing Process FAQ document available on SuiteAnswers.

Using the Period Close Checklist

NetSuite provides users with an informative and easy to use checklist of tasks to assist in the period closing process. All tasks are completed from the Period Close Checklist page. This page also provides access to system notes and user notes related to period close. You must have Edit or Full level of the Manage Accounting Periods permission as well as the Override Period Restrictions permission to complete all tasks on this page. Click on the link above to learn more about how to use the period close checklist.

Year-End with Premier Payroll

NetSuite Premier Payroll users can register for a free webinar, Premier Payroll: Prepare for 2016 Year End, offered November 17th, at 11am EST and November 18th, at 11am PST. Adrienne Baker, NetSuite Director of Payroll Operations, will help you prepare for year-end payroll activities in this informative one-hour Webinar.  If you are unavailable at the time this webinar is offered, you can review the 2016 NetSuite Premier Payroll Year End Planning Guide which should available on SuiteAnswers in the near future.

A little planning and preparation coupled with the right tools and resources can make your year-end processes run smooth and hassle-free.  As we mentioned above, The Vested Group’s support practice, inVESTED, is always available to help with all of your NetSuite support needs.  Not a NetSuite user yet? Not a problem. Keep in mind The Vested Group offers a full range of NetSuite consulting, implementation, and customization services so we can meet the needs of both current and future NetSuite customers.  Contact The Vested Group today and discover what we can do for you!

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