Efficient NetSuite BPO Accounting Services | OpenTeQ

NetSuite Accounting
Services

Transform your business and streamline your finance and accounting processes.

  • Gain real-time insights into your profitability and other financial metrics
  • Drive compliance with government regulations and internal policies
  • Simplify record-keeping and ensure timely and accurate reporting
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NetSuite Accounting &
BPO Services

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Fractional Controller

OpenTeQ CPAs can provide your business a Fractional Controller as needed.

Exchange cash
Accounting Transactions

Streamline Accounts Payable, invoicing, Accounts Receivable, expense reports, and bank reconciliations.

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Reporting and Insights

Get custom NetSuite dashboards and reports for financial, operational, and strategic insights into your business.

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Monthly Close

Close your books in as little as 2 days with all of the supporting schedules and documentation.

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Audit or Review Preparation

OpenTeQ prepares all of the supporting documentation for audits and works directly with your tax professional.

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Transaction Support

OpenTeQ NetSuite BPO team can support your capital raise, acquisition, and divestiture activities.

More Than Just Simple
Accounting Software

  • NetSuite Accounting combines features such as enterprise resource planning, customer relationship management, inventory management, and other e-commerce software capabilities.
  • This is no ordinary accounting software - NetSuite Accounting is a complete business management solution. NetSuite customers can streamline operations with tools like dashboard reporting, optimize financials with accounts receivable automation and aging reports, and accelerate growth using real time business intelligence.
  • Gain a clear picture of your entire business — from sales to accounting, from customer service to manufacturing. With NetSuite's unified platform, you can track your sales leads, manage projects and monitor your inventory. And with powerful analytics, you can easily access labor costs, spending habits and make more informed decisions.

Our Fields of Expertise

We elevate your brand so clients are drawn to your successes.

eCommerce

eCommerce

Manufacturing

Manufacturing

Wholesale

Wholesale

Warehouse-Distribution

Warehouse & Distribution

Software

Software

Services

Services

Life Sciences

Life Sciences

Non-Profit

Non-Profit

Ready To
Work Together?

We're excited to be your NetSuite solutions partner. Let's take the first steps now to grow and scale your e-commerce business. Click the button below so we can get started.

GET STARTED TODAY
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NetSuite Array of Services

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NetSuite Accounting

We help your business automate critical financial processes. Detailed analytics and reporting tools allow you to easily manage bookkeeping, payroll, order fulfillment, purchasing, billing, and more.

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NetSuite Implementation

We help you form and execute your entire NetSuite implementation strategy. You get clear direction every step of the way from planning to installing, onboarding, testing, customization, and optimization.

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NetSuite Optimization

We help you get the most out of your NetSuite platform. We help you prune unneeded systems, customize software and configurations to your needs, and re-implement your platform as a highly-tuned tool.

Frequently Asked Questions

The cost of NetSuite can vary based on several factors such as the number of users, level of customization, additional modules and features, contract duration, and any ongoing support services. When it comes to NetSuite implementation, businesses can generally expect to invest between $25,000 to $75,000. Given the variables involved, we recommend that you reach out to us for a customized quote based on your needs.

NetSuite is a powerful, yet easy-to-use cloud business management suite that delivers on your business needs. It helps you operate more efficiently and make better decisions by providing real-time visibility into your operations. NetSuite's accounting services help you manage complex financial requirements for both small and large businesses. Our cloud-based deployment allows us to be agile and deliver innovative solutions in tune with the changing needs of your business.

NetSuite and QuickBooks are both powerful accounting software. However, they are designed for different types of businesses depending on the specific needs, size, and complexity. NetSuite differs from QuickBooks in a way that it offers a more robust system that can handle a higher volume of transactions making it more scalable and adaptable to the growth of your business. It also has more in-depth functionality in areas such as inventory management, supply chain management, manufacturing, and more. Most importantly, it allows for extensive customization whereas QuickBooks may not offer the same level of flexibility and may be ideal for small businesses who only require basic accounting.

Both NetSuite and SAP are well-established and widely used ERP software among enterprise businesses. The primary difference is that NetSuite is a cloud-based ERP software while SAP involves on-premise installations. Since maintenance and updates are handled by NetSuite in the cloud, it is typically easier and faster to implement compared to SAP. It also usually requires less upfront investment in infrastructure and ongoing maintenance making it more cost-effective.

With NetSuite accountants and CPAs on the team, we pride ourselves on our extensive knowledge and expertise in assisting you with the financial aspect of your business. Our standard NetSuite bookkeeping services include:

NetSuite Bookkeeping Services
  • Order to Cash
  • Procure to Pay
  • Expense Report
  • Month-end Closing
  • Financial Reporting
  • Client Consultancy

Yes, as a NetSuite BPO Partner, OpenTeQ provides outsourced accounting services — Sweet Accounting. It is an outsourced accounting solution designed to help you streamline financial management tasks within NetSuite for reliable, efficient, and up-to-date financial information.

At SellerUniverse, we are a team of NetSuite experts and CPAs who can help you to fully maximize NetSuite for your financial management. Our financial services include:

NetSuite Accounting Services
  • All Standard Bookkeeping Services
  • Payroll Management
  • New Client Set-up / Data Migration
  • Financial Planning & Analysis
  • Tax Accounting and Compliance
  • Intercompany transactions and consolidation

Yes, OpenTeQ is a NetSuite BPO Partner. We provide outsourcing services related to your specific business needs especially in the aspect of finance and accounting to ensure maximum utilization of NetSuite capabilities.

As of September 2023, we only focus on providing business accounting solutions within NetSuite.

NetSuite delivers powerful accounts payable automation (AP Automation) to simplify vendor invoice processing. Key capabilities include PO-based workflow matching, automated approval routing, and scheduled payment runs. NetSuite can capture invoice data via EDI, email, or manual entry. Invoice matching validates purchase details, prevents duplicate payments, and flags discrepancies. Rules-based approval workflows route invoices to the right people for sign-off. Scheduled payment batches optimize cash flow by paying bills on time, earning discounts, or based on custom criteria. NetSuite integrates AP automation with procurement, inventory, billing, and general ledger. Detailed analytics provide visibility into payables. Overall, NetSuite AP automation enforces compliance, optimizes working capital, streamlines processing, minimizes errors, and accelerates the procure-to-pay cycle through greater efficiency. Our NetSuite experts can configure AP automation tailored for your finance workflows and requirements.

NetSuite provides end-to-end fixed asset management capabilities to optimize tracking and reporting. Key features include automated depreciation calculations using straight-line or customized depreciation schedules, support for various asset types and classes, maintenance schedules and warranty tracking, and robust reporting for financial statements and tax compliance. NetSuite enables you to track the full lifecycle of an asset from purchase to retirement, including depreciation, revaluation, transfers, and disposals. Barcode scanning or bulk asset upload simplify asset tracking. Dashboard snapshots give real-time visibility into your fixed assets value and depreciation. With role-based access and audit trail history, NetSuite's fixed asset management ensures your assets are monitored efficiently with strong controls. Our NetSuite experts can configure and customize the system to your specific fixed asset management needs.

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