Budgeting, Expense Management, andStatistical Account Functionality

NetSuite
Advanced Financials

NetSuite Advanced Financials brings additional financial
management functionality to NetSuite, including
budgeting, expense allocations and amortisation, andstatistical accounts.
It helps ensure strong financial management bymanaging and monitoring budgets versus actuals. With
expense management capabilities, NetSuite Advanced
Financials provides sophisticated expense allocations
that make it simple to assign expenses based on typicalweightings, while amortisation schedules enable
expenses to be amortised over time with ease.

Key Capabilities• Supports management of multiple budgets.
• Enables monitoring of budget versus actual
in real time.
• Allocate expenses by GL account, class,department, and location.
• Link amortisation schedules to bills, bill credits,jobs, and more.
• Statistical accounts to store non-financial
measures and data.

Australia

Hong Kong

India

Singaporenetsuite.com.au

netsuite.com.hk

netsuite.com/innetsuite.com.sg

With NetSuite Advanced Financials, finance departments
can further automate billing processes and eliminate themanual work typically associated with billing customers.
It enables the creation of highly customised billing
schedules and templates, and automates the creationof invoices based on different types of orders. It evenprovides milestone billing schedules that ensure work isbilled as it is completed according to a service contract.
Also, perform advanced allocations using
statistical accounts.

classes, departments, or locations, and later allocate
them according to a weighted formula. Allocation
schedules can be used once or set up to recur on aregular basis.
• Dashboard reminders notify you when active allocation
schedules need to be processed. After reviewing, you
can create the journal entry for all the schedules with asingle click.

Amortisation Schedules• Amortisation schedules enable automated amortisationof expenses over time and streamline processes such as
the amortisation of prepaid expenses.

Budget Management and Reporting• NetSuite Advanced Financials makes it easy to track andmanage budgets.

• Amortisation schedules can also be linked to jobs toamortise expenses in proportion to a job’s percentageof completion.

• Simply enter budgets for accounts on a single screen, oruse the Copy Budgets feature to rapidly create an entire
budget based on another budget, or on actuals together
with an uplift/downlift. Alternatively, create budgets inExcel and import them via CSV.

Statistical Accounts• Store values for your most critical non-financial datasuch as headcount, floor space, and common shares.

• The Multiple Budgets feature allows you to set up andreport on more than one budget for the same set ofcriteria, such as typical budget versus a conservative
budget or forecast.

• Automatically allocate financial activity across thebusiness proportionately (e.g. allocate corporate
overhead costs across departments based onheadcount, allocate rent expense based on squarefootage, etc.).

• For budget reporting, NetSuite Advanced Financials
provides Budget Income Statement and Budget vs.
Actual reports, and enables you to create your own
specific budget reporting.

• Run multiple allocation schedules in specific sequences.
• Include key non-financial measures such as Net
Promoter Score, as part of your dashboard.

Expense Allocations• With NetSuite Advanced Financials Expense Allocations,it’s easy to enter expenses without assigning them toTo find out more, contact NetSuite on
Infoapac_WW@oracle.com

Australia
Phone: 1800 638 784
www.netsuite.com.au

Hong Kong
Phone: +852 3655 1949
www.netsuite.com.hkJapan
Phone: +81 3 6834 4888
www.netsuite.co.jp

Singapore
Phone: +65 6263 1300
www.netsuite.com.sg

China
Phone: 400 610 6668
www.netsuite.cn

Philippines
Phone: +632 8295 9022

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Phone: +9180 4029 8789
Phone: +9180 4029 8809
www.netsuite.com/in