NetClose - Generate Close Checklist
Before each close, the close checklist will need to be generated for the period. The close tasks will be created from the templates for the specific period with due dates. This will typically be done on a monthly basis before the month end close.
Prerequisites
The close task templates must be created before the month specific tasks can be created. See our guide on how to create close task templates.
Step by Step
Navigate to NetClose > Close Management > Generate Close Tasks. Change the filters as desired to bring up the list of tasks to generate.
The tasks will be generated for the Accounting Period that is selected in the filter. The Frequency filter will include Monthly in all months, Quarterly in the last month of the quarter, and Annually in the last month of your fiscal year in NetSuite. The Other frequency will have to be manually selected. You can manually or deselect any and all frequency filters in each period.
Click the box in the darker bar at the top of the task list to select all tasks, or click the checkbox beside each individual task to select the tasks to be generated, then press Submit. If the task has already been generated, a warning box will appear. The old task with be deleted and replaced with a new task with status Not Started.
Press Refresh until the tasks are finished processing. The tasks generated are listed once processed and the Executions Status will say Complete.
Generated tasks show the related period to the right of the task name (Evidenced above by the " | Jan 2022" in the name column). These generated tasks will show in NetClose > Tasks > Prepare Close Tasks. See our guide on preparing and reviewing close tasks once generated.
These generated tasks will also show on your task board under the Not Started column. NetClose > Tasks > Open Tasks Board.