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How to Setup the Multiple Currencies Feature in NetSuite

How to Setup the Multiple Currencies Feature in NetSuite

by Linda Hefty | Apr 14, 2023 | NetSuite

In todays’ world many companies transact with customers and vendors in other countries.  NetSuite is designed to manage this process.  The first thing you need to do is activate multiple currencies by going to Setup/Company/Enable Features and go to the International...
Financial Visibility: Overcoming 4 Major Challenges

Financial Visibility: Overcoming 4 Major Challenges

by Linda Hefty | Feb 28, 2023 | Accounting/Finance, NetSuite

Financial visibility is the ability to see into the financial health of your business and make informed decisions based on that information. It’s a critical aspect of financial management, but many businesses struggle to achieve it. Keeping this in mind, we’ve...
Financial Close Process Checklist, Challenges, and Best Practices

Financial Close Process Checklist, Challenges, and Best Practices

by Linda Hefty | Jan 30, 2023 | Accounting/Finance

The financial close process is a critical stage in the accounting cycle and requires the completion of several tasks to ensure accurate financial statements. A financial close process checklist helps in tracking the completion of various activities and ensures that no...
Top Benefits of Accounts Receivable (AR) Automation

Top Benefits of Accounts Receivable (AR) Automation

by Linda Hefty | Jan 3, 2023 | Accounting/Finance

When you sell to customers on credit, you’re participating in a common and important customer service approach that can ultimately increase your company’s revenue potential beyond cash sales. However, this potential also bears certain burdens; now you must manage and...
Year-End Close: 7 Tips for Taking Back Control

Year-End Close: 7 Tips for Taking Back Control

by Linda Hefty | Dec 6, 2022 | Accounting/Finance, NetSuite

Year-end close can be a pretty daunting process; you have 12 months’ worth of financials to review, organize, analyze, and report on. While it may not seem like the most desirable process, year-end close is a vital part of ensuring your business’s activities are...
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