NetClose Release Notes 3/21/26

NetClose Version 2025.2.60 

Summary 

  • Multi-book accounting support for amortization journal entries, reports, and flux analysis with automatic exchange rate and currency conversion handling 

  • Flux analysis dimension grouping organizes variance analysis by logical account groups with Year-to-Date and Relative Start comparison modes 

  • Reconciliations automate item creation for AR and AP accounts with a formatted Excel workbook output and aging analysis 

  • New Task Dependency & Status Report provides visibility into task relationships and blocked dependencies 

  • Reviewer due dates, reconciliation item aging, and granular accrual approval permissions strengthen close workflow controls 

  • Refreshed reconciliation and task UI with streamlined layouts, clearer labels, and improved permission checks 

 Accruals Updates 

Enhanced 

  • Granular permission controls govern who can approve and modify accrual records. Assign permission levels via the NetClose Accrual custom record permissions in NetSuite role configuration. 

  • Users with VIEW access can see the approval queue; users with FULL access can approve or reject, enforcing segregation of duties for accrual workflows. 

  • Accreting accruals that build up over time to a target amount can be created in NetClose accruals 

Fixed 

  • Resolved an issue where accrual status did not update correctly after journal processing. 

 Amortizations Updates 

New Features 

  • Multi-book exchange rate support automatically calculates and applies exchange rates for all accounting books on amortization journal entries. A new Accounting Books subtab displays book-specific details. 

  • Amortization Roll Forward and Waterfall reports now support multi-book and multi-currency environments with automatic currency conversion and accounting book filtering. 

  • Two new configuration fields — Summarize and Enforce Methods — control how journal entries are grouped and how the amortization method is applied across the organization. 

  • Initial balance and remaining balance fields now display directly on the amortization record and sublist for at-a-glance visibility. 

Enhanced 

  • Amortization type definitions are now managed server-side, enabling administrators to manage types without requiring a code deployment. 

  • Amortization date text fields now copy transaction dates for improved compatibility with third-party integrations. 

  • Field labels updated for clarity across amortization forms. 

Fixed 

  • Resolved exchange rates not being applied to journal entry body fields for non-primary accounting books. 

  • Fixed invalid query generation on amortization submission in multi-book scenarios. 

  • Fixed incorrect query results on the amortization approve transaction page. 

 Close Control Updates 

Enhanced 

  • Improved mapping logic for Department, Class, and Location columns ensures the correct segments are locked when periods are closed in multi-segment environments. 

 Flux Analysis Updates 

New Features 

  • Dimension grouping organizes flux analysis by logical account groups called Flux Groups. Each group has a flux type, normal balance direction, sort order, and optional threshold overrides. 

  • Three grouping modes available when generating scenarios: Accounts Only, Groups Only, or Groups and Accounts with tree-based drill-down. Navigate to Flux Analysis > Account Setup to assign accounts. 

  • Year-to-Date comparison mode compares a single period against the cumulative YTD balance, bringing YTD analysis directly into the flux workflow without manual calculation. 

  • Relative Start field on flux configuration allows scenarios to dynamically reference a starting period relative to the analysis period, eliminating the need to update templates each month. 

  • Multi-book support enables flux analysis scenarios to use any configured accounting book. Balance calculations, currency consolidation, and real-time refreshes respect the selected book. 

Enhanced 

  • Template generation now validates special characters in account names and segment values, preventing errors during batch scenario generation. 

  • Non-posting period validation added to scenario generation to prevent invalid comparisons. 

  • Flux explanation guidance text refined for improved clarity. 

Fixed 

  • Resolved the review tab field filter showing incorrect filter options. 

  • Fixed a typo in the SQL query for flux analysis generation. 

 Reconciliations Updates 

New Features 

  • Automated module-based reconciliations automatically generate reconciliation items for AR and AP accounts. Configure account grouping rules with Modules and use the Transaction Types multiselect to control which transactions are included. 

  • Automated module-based Excel workbook output generates formatted workbooks with aging analysis, including Summary, Detail, Other Transactions, and No Entity pages. Aging buckets cover Current, 1–30, 31–60, 61–90, and Over 90 days. 

  • Reviewer due dates give reconciliation reviewers a separate deadline from preparers. Configure in account grouping rules; both dates are visible in the reconciliation list and dialog. 

  • Reconciliation item aging tracks creation date and displays how long each item has been outstanding via a toggleable Age column. A unique key field supports item-level tracking across periods. 

  • File management on reconciliation items allows uploading and managing supporting documents directly from the reconciliation item dialog. 

  • Reconciliation items can now be created, read, updated, and deleted through API endpoints, enabling AI-powered tools and external integrations to manage items programmatically. 

Enhanced 

  • Unmapped accounts saved search updated for more accurate identification of accounts without mapping rules. 

  • Field labels updated to use uppercase text formatting for visual consistency. 

  • Date sorting support added to the reconciliation grid. 

  • Entity name display updated for consistency across reconciliation views. 

Fixed 

  • Resolved sync script creating reconciliation items for ineligible reconciliations. 

  • Fixed field filter logic on the review tab to display correct filter options. 

  • Resolved an error in name field input handling that could cause unexpected behavior. 

 Tasks Updates 

New Features 

  • Task Dependency & Status Report shows task relationships, blocked status, and completion progress. Navigate to NetClose > Reports to access. 

  • Filter by period, task type, classification, frequency, subsidiary, assignee, approver, and dependency status (blocked or ready) to identify bottlenecks. 

Enhanced 

  • Refreshed task dialog and list with standardized components, consistent styling, and streamlined layouts. 

  • Task Type is now a required field for improved categorization and reporting accuracy. 

Fixed 

  • Resolved task due date handling errors in email automation. 

  • Fixed Kanban board date parsing and sorting for tasks with undefined due dates. 

  • Fixed checkbox disappearing in the task generation table when the name column is too wide. 

  • Resolved task steps auto-submitting on list selection before editing is complete. 

 Additional Notes 

  • Report labels and employee name formatting updated for consistency across all NetClose report types. 

  • Improved comment timestamp display with consistent formatting. 

  • Performance and reliability improvements across multiple modules. 

 For questions or support regarding this release, please contact the NetClose support team. 

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