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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
Financial period close audit trail requirements demand precise timing to capture pre-adjustment and post-adjustment data states with comprehensive transaction history that manual NetSuite processes cannot reliably satisfy.
This guide shows you how to automate complete period-end documentation that ensures regulatory compliance while reducing period close cycle time and eliminating human error.
Automate comprehensive period close documentation using Coefficient
Coefficient provides superior automation for NetSuite financial period close data snapshots through scheduling capabilities that capture pre-close and post-close data states with complete audit trail documentation. Instead of manual snapshot timing that risks missing critical adjustments, you get automated capture of trial balance, general ledger, and transaction data with simultaneous period close snapshots across subsidiaries for consolidated audit trails in NetSuite .
How to make it work
Step 1. Configure pre-close baseline snapshots.
Schedule automated capture of trial balance, general ledger, and open transaction extracts before period close begins. This creates the baseline documentation that auditors need to understand the starting position before any period close adjustments or journal entries.
Step 2. Document the adjustment process systematically.
Extract journal entries and adjusting entries during period close activities to create complete documentation of all changes made during the close process. This systematic approach captures the complete audit trail of period close activities with supporting detail.
Step 3. Capture final post-close documentation.
Set up automated post-close imports of final trial balance and financial statement data that document the completed period close results. Use multiple scheduled imports to show before/after period close data changes with timestamped documentation of exact period close timing.
Step 4. Create cross-entity period close coordination.
Configure simultaneous period close snapshots across subsidiaries for consolidated audit trail documentation. This multi-entity approach ensures comprehensive period close coverage while maintaining subsidiary-level detail for regulatory examination requirements.
Step 5. Preserve compliance-specific period close data.
Include period close custom fields documenting approvals, reviews, and sign-offs while linking period close data across accounts, departments, and subsidiaries. This comprehensive approach supports SOX compliance, external audit requirements, and regulatory reporting with complete executive-level period close summary documentation.
Eliminate period close documentation errors with automation
Automated NetSuite financial period close documentation transforms manual, error-prone processes into comprehensive audit trail creation that satisfies stringent regulatory requirements. Reduce period close cycle time while ensuring complete documentation coverage for audit examination. Implement automated period close audit trail processes today.
