Finance
Year-End Financial Close
Year-end financial close workflow: sub-ledger and bank reconciliations, accruals, depreciation, revenue recognition, tax provision, trial balance review, audit adjustments, and statement preparation.
14steps
13connections
Process steps
1
Sub-Ledger Reconciliations (AP, AR, Inventory)
AP / AR Teams · NetSuite
2
Bank Reconciliations
Treasury · NetSuite + Plaid
3
Inventory Count and Valuation
Warehouse + Finance · NetSuite
4
Accruals Calculated
Accounting · NetSuite
5
Depreciation Run
Accounting · NetSuite
6
Revenue Recognition Adjustments
Accounting · NetSuite + RevenueCat
7
Tax Provision Calculation
Tax Team · NetSuite + OneSource Tax
8
Trial Balance Review
Controller · NetSuite
9
Audit Adjustments
External Auditor + Controller · NetSuite + Auditboard
10
Financial Statements Prepared
Accounting · NetSuite + Excel
11
CFO and Board Review
CFO + Board · Boardvantage
12
Books Closed
Controller · NetSuite
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