Close books at scale with Chargebee and Oracle NetSuite

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.

Oracle and NetSuite Integration

Chart of Account Mapping for your NetSuite and Chargebee

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.

Auto-sync your Netsuite Accounting with Chargebee billing

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

  • Customers

  • Multi-currency Invoices and Credit Notes

  • Payments and Refunds

  • Offline payments with a bi-directional sync

  • Geo-specific taxes

Benefit from auto-sync, that takes place every 24 hours with visibility to a summary of sync failures.

One-step fool-proof reconciliation

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.

Stay GAAP and ASC606 compliant

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.

Chargebee integrates with Oracle NetSuite to automate revenue management and reconciliation.

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