Journal Generator
Reduce costs and the time required to do month-end or period-end accounting processes. Get your accounts in-order and get compliant, sooner. It takes just three straightforward steps to configure and start creating Journal Entries automatically. Be it FRSSE, ASPE, GAAP, IAS or IFRS – the flexible nature of Journal Generator means your financials will be ready, sooner.
Intercompany allocations
Define cost allocations using fixed or variable debit and credit impacts. Each allocation percentage uses the same top level value removing the need to create cascading schedules.
Period-end accruals
Simplify accruals including reversing journals based on payroll and transactional data, eliminating manual time consuming spreadsheets and imports.
Cost allocations
Capture and reallocate employee or other expenses using timesheet based variations or fixed percentage allocation schedules.
Liability provisions
Streamline month end processing by automating journals based on any data in your NetSuite account.
Scheduling and Workflow
Are you doing manual accruals each month? Do you start doing liability provisions once all time entries are entered/approved? Not only does Journal Generator make these processes easier, but coming very soon is the ability to completely automate them using built-in scheduling capabilities. Alternatively, you can automatically execute Journal Generator as a part of a workflow using SuiteFlow.
Reusable Mapping Definitions
Setting up Journal Generator is a very simple process and requires only basic accounting and NetSuite knowledge. The crux is setting-up a Journal Mapping Definition – this defines the translation of (any) NetSuite data to a Journal Entry. The beauty of Journal Generator is that you only need to do this once and it’s as simple as pointing-and-clicking. Running Journal Generator then comes down to selecting the correct mapping and you’re off!
