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Working inside NetSuite: what LedgerBPO does
NetSuite bookkeeping services from LedgerBPO give growing and multi-subsidiary businesses a named accountant, backup and team lead who work inside your own NetSuite account: matching bank data, reconciling every account, keeping subsidiary, department, class and location segments complete, clearing approval queues and closing periods on the checklist. You keep the license and administrator role; we do the daily work.
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Your subscription, your data
NetSuite bookkeeping services from LedgerBPO give growing and multi-subsidiary businesses a named accountant, backup and team lead who work inside your own NetSuite account: matching bank data, reconciling every account, keeping subsidiary, department, class and location segments complete, clearing approval queues and closing periods on the checklist. You keep the license and administrator role; we do the daily work.
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Inside your file
Bank data matched and every account reconciled in every subsidiary
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Reconciled on a calendar
Segments, approvals and intercompany entries kept complete for the close
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Reviewed before you see it
Period close checklist worked through with maker-checker review
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A named accountant, a backup and a team lead
Inside your own software, on a fixed close calendar, with a reply from a person within 1 business day. Call +1-657-777-0006 or start a quote.
Get a custom quote 06 / 06
Why businesses on NetSuite outsource
NetSuite is an ERP, and it behaves like one. Every transaction wants a subsidiary, department, class and location, every customer payment needs applying, and the period close checklist will not let you lock a month with open tasks. A finance team that bought NetSuite for the reporting and the controls ends up spending its days feeding it.
A dedicated accountant, backup and team lead take on that feeding without adding to your headcount. We match bank data, reconcile each account, apply payments and credits, post intercompany and amortization entries, and work the close checklist with your controller approving each step. You keep the administrator role, the customizations and the SuiteApps you chose; the ledger simply gets closed on time.
What we do inside NetSuite
Bank feeds and Match Bank Data
We connect feeds through the Bank Feeds SuiteApp or import statements, maintain the transaction matching rules, and clear the rest in Match Bank Data against deposits, payments and journals.
Reconcile Account Statement, every account
Bank, card and clearing accounts in every subsidiary are reconciled to the statement each period in Reconcile Account Statement, with reconciling items explained rather than written off.
Segments on every line
Subsidiary, department, class, location and any custom segments are completed on every transaction and journal, so saved searches and financial reports do not need a manual fix.
Approvals and SuiteApprovals
Vendor bills, expense reports and journals are routed through your approval workflows before posting, and we keep the pending queues empty ahead of each close.
Intercompany, amortization and revenue schedules
We post intercompany transactions and run the elimination, maintain amortization schedules for prepaid expenses, and check Advanced Revenue Management plans against the contracts behind them.
Period close checklist and reporting
We work the period close checklist task by task, lock periods once your controller signs off, and maintain saved searches and the financial report builder for your management pack.
Integrations we reconcile
- Bill.comBills, approvals and payments synced to NetSuite AP and cleared in Match Bank Data.
- ExpensifyExpense reports posted with segments intact and reimbursements matched to the bank.
- RampCard transactions coded in Ramp with NetSuite segments and reconciled to the card statement.
- AvalaraTax calculated on transactions reconciled to the tax liability by subsidiary and nexus.
- StripePayouts matched to customer payments and fees, with the Stripe clearing account reconciled monthly.
- ADPPayroll journals imported by subsidiary and department and tied to the bank and the quarterly filings.
Migration to and from NetSuite
Moving to NetSuite
Moving to NetSuite from QuickBooks Online, Xero or Sage Intacct is a rebuild of the chart, segments and processes. We help map old accounts and classes to the new structure, load opening balances by subsidiary from reconciled trial balances, and import open AR, AP, fixed assets and inventory. The first close runs in parallel with the old system before reporting switches over.
Moving from NetSuite
Businesses leave NetSuite when the license outgrows the need, usually for Sage Intacct or QuickBooks Online Advanced. We close and lock the final period in every subsidiary, then export the general ledger with segments, open AR and AP, fixed assets, revenue schedules and intercompany balances. Segments are mapped to the new system's classes or dimensions, and NetSuite stays read-only until the first close agrees.
Common NetSuite reconciliation problems we fix
Unmatched lines piling up in Match Bank Data
Rules that never fire and deposits that do not equal any single payment leave hundreds of unmatched lines. We build matching rules that fit your payment patterns and clear the backlog line by line.
Customer payments left unapplied
Payments recorded without an invoice sit as unapplied, so the AR aging and the customer statements overstate what is owed. We apply each payment and credit memo and reconcile the AR control account to the aging.
Journals posted without segments
Manual journals and imported entries missing department, class or location break every segmented report. We find them with a saved search, correct them and set the segments as mandatory on the forms.
Intercompany not eliminating
Intercompany sales and purchases booked to different accounts, or in different periods, fail to eliminate on consolidation. We standardize the intercompany accounts, post both sides in the same period and rerun the elimination.
Periods reopened after close
A late bill or a corrected journal gets a closed period reopened, and last month's reported numbers change. We post late items to the open period with a memo and keep a log of any reopening your controller approves.
Other general ledger platforms
Frequently asked questions
Do you work inside my existing NetSuite subscription?
Yes. Your administrator creates employee records and roles for our accountant, backup and team lead with the subsidiary and permission restrictions you want, and you keep the license, the Oracle relationship and the administrator role. We work in your account daily and access is yours to change or remove.
Can you clean up my NetSuite file?
Yes. A NetSuite cleanup works through unmatched bank lines, unapplied payments, journals missing segments, unposted approvals, intercompany differences and revenue schedules that no longer match contracts. We correct at source, reconcile every account and relock the periods, then move into the monthly close. Our bookkeeping cleanup service describes the scope and the hand-off.
How much do NetSuite bookkeeping services cost?
Pricing depends on volume and scope, so we send a custom quote within 1 business day. The drivers are the number of subsidiaries, bank accounts and currencies, transaction volume, whether AP, AR, fixed assets or revenue recognition are in scope, and how much of the period close checklist you want us to own.
Do you handle multi-subsidiary consolidation in NetSuite OneWorld?
Yes. We reconcile each subsidiary, post intercompany entries, run the elimination and currency translation, and check the consolidated trial balance before the reporting pack goes out. Your controller signs off at each stage through our Two-Tier Review. Our multi-entity bookkeeping service sets out the calendar and checklist we follow.
Can you work with our NetSuite customizations and SuiteApps?
Yes, provided we can see the workflow documentation or the administrator walks us through it. We work within your custom forms, scripts, approval workflows and SuiteApps rather than around them, and we flag where a customization is causing posting errors. We do not change configuration without your written approval.
Do you cover NetSuite in the UK, Canada and Australia?
Yes. NetSuite subsidiaries in each of those countries carry their own tax nexus, and our team maintains VAT, GST/HST and GST settings by subsidiary and reconciles the tax accounts each period. We prepare VAT workings for the person who submits, and BAS workpapers for your TPB-registered BAS agent or accountant.
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