Recently Jay Swaminathan spoke with ISACA Silicon Valley Chapter about Revenue recognition for SAAS companies with a focus on NetSuite and internal controls.
This blog explains how this can be set up in NS with appropriate integration with Saleforce and subsequent revenue recognition.
One of the most complex aspects auditors go through every year is review of all General Ledger impacting transactions for fraud and error. This is part of the Statement of Auditing Standard (SAS) 99 and is a required step for all financial audits – both for public and private companies.
NetSuite is a robust cloud-based system that has many amazing useful features and processes that streamline everything from financial needs to human resource needs.