Netgain Solutions

Bank reconciliation is a key process for accountants to ensure financial records align with bank statements. It’s at the heart of a successful month-end close as it verifies that your financial data is accurate and up to date. However, it can also be stressful for accounting teams, especially when doing the process manually. But with a clear understanding of the process and the right accounting tools, you can simplify bank reconciliations. In our glossary, we cover the basics of bank reconciliation, including examples, how to do monthly reconciliations, and tips for a smooth process. Read the full article at the link in the comments. 👇 #bankreconciliation #accountingprocesses #financialrecords #accounting

For accountants, ensuring compliance with standards like ASC 842, IFRS 16, and GASB 87 and 96 is a non-negotiable part of the job. However, the traditional, manual approach to managing leases is no longer sustainable when managing large portfolios. It consumes valuable time, increases the risk of errors, and creates inefficiencies that hurt productivity. If this sounds familiar, you’re not alone. Many accounting professionals are realizing that manual lease accounting methods are holding them back. But the good news is that technology, particularly lease accounting AI software is changing the game, including cutting down the time it takes to do tedious work, like abstracting lease data. Check out our new blog to learn how lease accounting AI software can streamline workflows and improve accuracy. Link in the comments. 👇 #leaseaccounting #accountingsoftware #AIinaccounting

With over 1,000 leases, Cantaloupe Inc was looking for a centralized platform for full financial visibility. Because it’s fully embedded in NetSuite, the choice to implement NetLessor and NetLease was easy for the Cantaloupe team. They were soon able to see improvements in their processes such as: ✅ Faster reconciliations ✅ Improved transparency and compliance ✅ Enhanced technical knowledge  We've highlighted a summary of their approach below, but head to the link in the comments to read the full case study. #newcasestudy #casestudy #netlease #netlessor #leaseaccounting

As your business grows, your accounting function must grow with it. But the industry is evolving rapidly, and growing your accounting department with modern systems can feel like uncharted territory. That’s why we put together this modern accounting maturity model to help you plan your flight path. Our new e-book explores what the five indicators look like at each stage of maturity, to help you assess your current stage and plan the next step to reach maturity. Download the e-book and make 2025 your year to thrive. The link can be found in our comments! #maturitymodel #accountingteams #2025goals #accountinggoals

Get ready! Tomorrow, we’re teaming up with Ramp to show you how to transform your month-end process into a seamless, stress-free experience. Discover how the seamless integration of Ramp and Netgain can: ✅ Eliminate manual work with automated transaction syncing and coding. ✅ Provide complete visibility and control over spend across entities and categories. ✅ Simplify intercompany allocations with Netgain’s Shared Transactions directly within Ramp. Don’t miss it: Tomorrow, December 18, at 10 AM MST. Register now via the link in the comments! #Netgain #Ramp #FinanceSimplified #Webinar #MonthEndCloseMadeEasy

Whether it’s vehicles, laptops, office furniture, or machinery, every business has fixed assets to manage. But, despite how commonplace fixed assets are, accounting for them can be a challenge. A clear understanding of fixed asset depreciation and the corresponding journal entries can help make the process easier. Our glossary dives into the specifics of depreciation expense journal entries, where and how to record them, and how they impact financial statements. You can read the full article at the link in our comments. 👇 #fixedassets #depreciation #journalentries #glossary

Managing fixed assets is often one of the most time-consuming tasks for accountants, especially in companies with large asset portfolios. It requires creating and often modifying depreciation schedules, which can be challenging to do in spreadsheets. The first step toward simplifying your fixed asset management is understanding the different depreciation methods and choosing the right one for each asset type. Thanks to its simple calculation, straight-line depreciation is one of the most commonly used deprecation methods. In our glossary, we will cover all the basics of straight-line depreciation, including the formula to calculate it, its benefits, and alternatives. Read the full article at the link in the comments. 👇 #fixedassets #straightline #depreciation #accounting #newglossary #netgain

What an event! 🎉 Thank you to everyone who joined us in Lehi, UT, for the first-ever exclusive Netgain event! Hosted at the iconic Silicon Slopes venue, it was an incredible afternoon filled with engaging discussions and valuable connections within the Utah community. A special thank you to Paige Groesbeck, CPA for delivering an insightful session on NetClose, helping attendees earn their final 2024 CPE credits. We’re also grateful to have partnered with Connor Group to make this event a success. Together, we celebrated the power of collaboration, learning, and community. Stay tuned for more opportunities to connect in 2025. Let’s keep building momentum! Want to learn more about NetClose and what Paige covered during her session? Click the link in the comments. #NetgainEvent #CPECredits #NetClose #UtahCommunity #ConnorGroup

Enterprise resource planning supports business processes by providing a platform that integrates key functions like finance, HR, and supply chain management. It acts as a unified solution that bridges the gap between all your enterprise applications, streamlining data sharing, and optimizing workflows across the organization. According to a recent study, nearly all businesses that successfully implement ERP integration experience significant improvements in business processes, enhanced customer experience, standardized operations, and reduced IT costs. But before you opt for ERP integrations, you need to understand their capabilities, the different types of integrations available, and how to choose the best one for your business. In our blog, we explain ERP integrations and highlight some of the most common ones along with their benefits and challenges. Read the full article at the link in the comments. 👇 #newblog #ERP #ERPintegration #centralizedknowledge #netgain

The future of the accounting industry is transforming fast. From AI-powered automation to blockchain innovations, here’s a glimpse at what’s coming in 2025: -Smaller teams, smarter solutions: AI and automation are helping firms do more with less. -Tech is taking over: Blockchain, open banking, and cloud platforms are redefining the game. -Remote work revolution: Cloud tools are powering seamless collaboration for distributed teams. -Data security gets serious: Protecting financial data has never been more critical. -Continuous learning pays off: Upskilling is essential to staying competitive and adaptable. Want to learn more? Check out the full blog for all 13 trends and get insights to future-proof your accounting strategies. Link in the comments! #AccountingInnovation #FutureOfFinance #Accounting2025