Netgain Solutions

Many accounting teams struggle to get out of the drudgery of manual tasks. They simply don't have the time to invest in process improvement and technology to mature into a strategic accounting function — and their morale suffers for it. A fully mature accounting team manages monthly accounting tasks effectively with little manual work. They can access real-time financial data to help drive business decisions. This makes them key players in propelling the business forward. But how do you level up your accounting maturity? As your business matures, the accounting department must organize processes, adopt the right tools, and gather reliable data to become strategic advisors to the business. We'd love to hear how you are managing your accounting tasks today - head to the comments to let us know and download our ebook.

Calling all Netgain Partners! Interested in kickstarting the year with free CPE credits through Netgain? 📚 We are committed to ensuring you have success with our products, and that's why we're pleased to offer resources to help you implement and learn our software. Join us as we dive into real case studies demonstrating how our SuiteApps elevate your customers' NetSuite capabilities in: ⚪ Lease accounting ⚪ Asset management ⚪ Loan management ⚪ Transaction allocation ⚪ Month-end close management The next webinar will be on January 16th - head to the link in the comments to register. #netasset #netclose #CPEcourse #CPEcredits

Happy New Year from Netgain! ✨

On the last day of 2024, we want to reflect back at all the wonderful things that happened at Netgain this year. Here are a few of the key highlights: ▶️ March: Netgain announces strategic acquisition of SuperSync ▶️ April: Netgain announces $35 million investment from Summit Partners to accelerate its mission to modernize accounting ▶️ May: Netgain expands global footprint with new office in Sydney to serve the APAC region ▶️ June: Hiring of so many new, incredible employees, including our CRO and SVP of Global Partnerships! ▶️ July: Launch of NetCash ▶️ September: Rounded off the conference season with SuiteWorld, the High Roller, and Intuit Connect ▶️ October: Launch of NetAsset for any ERP ▶️ November: We hosted our first event with Connor Group in Lehi, UT And so much more! We are so grateful for our amazing team making all of this possible. Here is to 2025 and beyond. 💫 #Netgain #Netgain2024 #2024reflection #yearendreflection #expanding

For businesses that lease property or equipment, a right-of-use (ROU) asset is more than just access to the asset — it’s another data source for accounting teams to manage finances and optimize operations. ROU assets allow companies that lease equipment or property to: ▶️ Control expenses ▶️ Reduce large upfront investments ▶️ Keep their operations flexible ▶️ Stay compliant with ASC 842, GASB 87, and IFRS 16 In our glossary, we explore the benefits, the relation to frameworks and legislation, and how to calculate ROU assets. Read the full article at the link in our comments. 👇 #glossary #ROU #finances #operations #accounting

The month-end close is an essential accounting procedure for any business, but if you don’t have all the financial data you need on hand, it can quickly become a stressful process. This checklist outlines all the procedures accounting teams must follow each month to close efficiently and accurately. Use our monthly close template to ensure consistency month after month—speeding up the monthly close process and reducing errors of omission. Submit the form at the link in our comments to get your free monthly close checklist template in your inbox! #monthlyclose #monthendclose #financialdata #monthlyclosechecklist

Shared Transactions for NetSuite allows you to maximize productivity with flexible transaction allocations in directly inside NetSuite. With Shared Transactions, you can eliminate your time-consuming workarounds and easily split the impact of a single transaction across multiple subsidiaries and business segments flexibly and traceably in NetSuite. ▶️ Spend less time on complex allocations and more time on strategic work ▶️ Boost team productivity ▶️ Reduce the risk of costly errors ▶️ Achieve greater flexibility ▶️ Gain clarity and confidence Curious to see for yourself? Head to the link in our comments to learn more about Shared Transactions and take a product tour! #SharedTransactions #NetSuite #Netgain #productivity #revenue #producthighlight

Last week, we hosted an insightful webinar with Ramp, exploring how their tools integrate seamlessly with our products and NetSuite to simplify finance operations. If you missed it, don’t worry—you can watch the webinar on demand anytime and download the slide deck for all the details! Learn how to streamline your month-end close, gain better visibility into spend, and eliminate manual work with smart integrations. Click the link in the comments to watch! #OnDemandWebinar #FinanceSimplified #Netgain #Ramp

Does your month-end close take forever? Is your accounting team always in the weeds, spending too much time on tedious tasks instead of strategic initiatives? You are not alone. Many accounting teams simply don't have the time to invest in process improvement and technology to mature into a strategic accounting function — and their morale suffers for it. A fully mature accounting team manages monthly accounting tasks effectively with little manual work. They can access real-time financial data to help drive business decisions. This makes them key players in propelling the business forward. But how do you level up your accounting maturity? Check out our new e-book to explore 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. Link in the comments! #ebook #maturitymodel #accountingmaturity #accounting

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