As you hit that point of massive scale, your finance teams should be working on forecasting and deriving insights for the next stage of your growth. Not shuttle between excel sheets and tools that just don’t scale.
You’ve decided to go with NetSuite.
A sophisticated accounting process requires a sophisticated toolset to back it up. And an equally sophisticated communication with the rest of your billing and financial ecosystem.
Chargebee integrates with Oracle NetSuite to offer a streamlined and an enterprise-class subscription accounting experience.
Chargebee + NetSuite empowers finance and accounting managers to streamline their Finance Operations. The integration bridges Chargebee’s deep subscription management, billing & invoicing engine and NetSuite’s enterprise-grade, GAAP-compliant accounting and revenue recognition reporting. And as your operations scale, that’s essential future-proofing that you’re going to need.
Organize your daily financial data with the Chart of Accounts mapping. Mapping of General Ledger accounts provisions your finance team with solid audit trails and strong reporting for multi-entity revenue management.
The integration enables you to easily map
GL Accounts per Plan and Addon
Bank Account or an undeposited funds Account for Payments and Refunds
… and everything else, including round-offs, bad debts (Write-offs), ad-hoc charges, discounts, and setup fees.
At scale, your billing and accounting systems need to speak the same language. Save your precious hours cobbling between sheets and obsolete finance tools, manually syncing your customer data, importing CSV files, running scripts. With Chargebee and NetSuite, you can automatically sync
Multi-currency Invoices and Credit Notes
Payments and Refunds
Offline payments with a bi-directional sync
Benefit from auto-sync, that takes place every 24 hours with visibility to a summary of sync failures.
The task of matching the records in your banks and books doesn’t have to be painful anymore. Reconcile your payment received through your gateway against your bank account to maintain a sane payment profile. You can import your gateway statements from Stripe or Braintree, and configure a relevant reconciliation rule in NetSuite to automatically reconcile payments.
Recurring revenue is the heart of your subscription business. As your business scales upmarket, it becomes important to have a solid revenue recognition process that you can trust and rely on. One that is compliant with GAAP and ASC 606 in the US, and IFRS 15 in Europe. Chargebee’s integration with NetSuite lets you sync invoice amount and dates to automate recognition in NetSuite and generate audit-ready Revenue Recognition and Deferred Revenue reports.
This is an automatic one-way sync integration from Chargebee to NetSuite.
You can turn off the integration with Xero/QuickBooks Online and set up the NetSuite integration. We will help in updating the integration data in Chargebee.
Yes, you can map customers to a specific subsidiary in NetSuite based on customer’s billing address.
Yes. You can apply EU VAT, ANZ GST in addition to US and Canadian taxes