NetSuite Revenue Recognition: What Auditors Check and What Most Companies Get Wrong
Getting NetSuite revenue recognition right isn’t just an accounting exercise. It’s the difference between a clean audit opinion and a material weakness that shakes investor confidence, triggers restatements, and consumes hundreds of hours in remediation work. Revenue remains one of the highest-risk areas auditors scrutinize, and for good reason. The PCAOB reported that 46% of […]
Why Your NetSuite Reports Don’t Match and How to Find the Cause
By Louis Balla, Chief Revenue Officer, Nuage. NetSuite reports usually disagree for one of a few reasons: the two reports use different date or posting-period filters, a subledger holds lines the general ledger report does not count, or an integration delivered transactions late, twice or only in part. Check the filters first, then the subledger, […]
ERP Audit Findings: A Prioritization Framework for What to Fix First
Unresolved ERP audit findings rarely stay harmless for long. What begins as a handful of open items on an internal audit report can quickly snowball into adverse opinions, ballooning fees, and uncomfortable conversations with your audit committee. The challenge most finance and IT leaders face isn’t identifying the problems; it’s deciding which ones to tackle […]
NetSuite Health Check: 10 Signs Your Instance Needs Attention
By Louis Balla, Chief Revenue Officer, Nuage. A NetSuite health check reviews a live instance across five areas: transaction flow and data quality, scripts and customizations, security and role-based access, integration health, and feature use against licenses. It surfaces gaps such as stored credentials, former users with access, failing integrations and open accounting periods, then […]
NetSuite Month End Close: The Essential Guide
By Louis Balla, Chief Revenue Officer, Nuage. A NetSuite month-end close has three phases. Prepare by cutting off entry and reconciling bank and credit card accounts. Execute by posting recurring entries, running intercompany eliminations and reconciling subledgers to the general ledger. Then review the financial statements, explain the variances and lock the period. The checklist […]
Financial Close Automation in NetSuite: What to Automate First
By Louis Balla, Chief Revenue Officer, Nuage. NetSuite automates parts of the financial close natively: recurring journal entries, bank feeds and reconciliation matching, intercompany elimination, and Intelligent Close Manager and Exception Management for tracking the close and flagging unusual transactions. Standardize the close checklist and chart of accounts first, then automate recurring entries and standard […]
NetSuite Fixed Assets: Setup and Controls Auditors Check
By Louis Balla, Chief Revenue Officer, Nuage. NetSuite fixed assets run in the Fixed Assets Management (FAM) module, which holds the asset register and calculates depreciation. Auditors ask for the capitalization policy, the depreciation methodology and a reconciliation of the FAM subledger to the general ledger. Set up asset types, approvals and a monthly tie-out […]