NetClose - Implementation Overview
Overview
Below, you'll find a high-level implementation overview and key resources by NetClose module. We also recommend registering for the NetClose Video Training Course for a comprehensive walkthrough of the product. Reviewing these materials beforehand will help make implementation sessions more effective.
📋 Close Management / GL Locking
Effort: Low, typically one training call followed by client UAT
Close Management is the backbone of NetClose — it's where you'll configure and manage your financial close periods, track progress, and ensure everything is locked down at month-end.
✅ Task Management
Effort: Medium
NetClose Task Management allows you to build your close checklist, assign owners, set due dates, and track completion across your team. During data migration, you'll import your existing task library and configure assignees, approvers, due dates, and more.
Implementation Steps
- Data migration call to walk through template
- Client populates template
- Netgain consultant uploads template into NetClose
- Training call with client team
- Client UAT
- Additional troubleshooting sessions as needed
Resources
🔄 Reconciliations
Effort: High
NetClose Reconciliations let your team manage account rec workflows directly within NetSuite. The migration step involves setting up your account groupings, mapping your chart of accounts, setting up auto-reconciliations rules, and, if applicable, configuring auto-reconciliation saved searches.
Implementation Steps
- Data migration call to walk through template
- Client populates template
- Netgain consultant uploads template into NetClose
- Training call with client team
- Client UAT
- Additional troubleshooting sessions as needed
Resources
- Reconciliations Overview w/ videos
- Reconciliation Upload Template
- Account Grouping Basic Configuration
- Account Grouping Subsidiary Configuration
- Additional Configuration
📊 Amortizations
Effort: Low / Medium
NetClose Amortizations handle the automated spreading of prepaid expenses and other deferred items. The data migration phase focuses on loading your existing amortization schedules and configuring the relevant account mappings.
Implementation Steps
- Data migration call to walk through template
- Client populates template
- Netgain consultant uploads template into NetClose
- Training call with client team
- Client UAT
- Additional troubleshooting sessions as needed
🧾 Accruals
Effort: Low – High (automation dependent), typically one training call followed by client UAT, additional troubleshooting sessions as needed.
Accruals enables your team to create, upload, automate, and approve accrual entries as part of the close process. During migration, you'll configure accrual types and upload any existing recurring accruals.
📈 Flux Analysis
Effort: Low / Medium, typically one training call followed by client UAT, additional troubleshooting sessions as needed.
Flux Analysis provides automated period-over-period variance commentary for your GL accounts. Configuration involves mapping accounts and establishing thresholds — no historical data upload is required, but accounts should be set up before your first close.
