How to close an accounting period in NetSuite

Knowing how to close an accounting period inside NetSuite is essential for accurate reporting, audit readiness, and maintaining trust in your financials. For many accounting teams, the challenge is automating the process and managing timing and dependencies across the team while staying inside NetSuite.

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In this free NetClose training video, you will see a guided walkthrough of how to close an accounting period in NetSuite, including the key steps involved and how NetClose helps teams manage the work leading up to the close.

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This video is a preview of a deeper NetClose training course led by Cris and is designed to help NetSuite accounting teams run a more controlled, predictable period close.

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What you will learn in this training

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This training focuses on the practical execution of closing an accounting period in NetSuite and how teams can improve efficiency in their processes.

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Topics covered include:

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• The key steps involved in closing an accounting period in NetSuite

• How to ensure all close activities and tasks are complete before closing the period

• Maintaining visibility into the entire period close
• How to automate amortizations, reconciliations, and accruals inside of NetSuite
• Generating flux analyses and vital close reports
• Improving efficiency in the period-end close procedures
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Rather than documenting every NetSuite menu click, this training focuses on how accounting teams actually run the period close.

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How NetClose supports closing an accounting period in NetSuite

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When closing an accounting period in NetSuite, where the close process lives matters.

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Managing close activities outside of the ERP often leads to fragmented information, manual follow-ups, and uncertainty around whether the period is truly ready to close.

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Because NetClose lives inside NetSuite, accounting teams can manage the work leading up to the period close in the same system where the financial data resides. This helps reduce context switching, keeps close activities connected to the underlying data, and improves confidence that nothing is missed before the period is closed.

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By keeping the close process native to NetSuite, NetClose supports better visibility, consistency, and control throughout the accounting period close. Teams gain a clearer view of close readiness and can rely on a repeatable process from period to period.

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Who this training is for

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This training is designed for NetSuite accounting teams that want a more reliable and controlled period close process.

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It is especially relevant for:

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• CFOs, VPs of Finance, and Controllers responsible for close accuracy and controls

• Accounting Managers and Assistant Controllers running the period close

• Financial reporting teams focused on audit readiness

• NetSuite administrators and accounting team members supporting close execution
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If your team struggles with uncertainty around readiness, last-minute delays, or audit pressure during the period close, this training provides a clear and practical walkthrough.

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Watch the full NetClose training course from Cris

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This video is one part of a complete NetClose training course led by Cris.

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If you want a deeper, step-by-step walkthrough of how to close an accounting period in NetSuite and how NetClose supports the process from preparation through final close, watch the full training course to see how accounting teams close with confidence.

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Watch the Full NetClose Course

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