ASU 2018-15 Simplifies Accounting for Cloud Computing Expenses

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As cloud computing became more popular, businesses took different approaches to how they accounted for it on their financial statements. But, as the percentage of businesses using cloud products increased, the FASB and other standard setters realized that the “diversity” in practice was growing too large, and began to issue regulations to clarify the process […]

Has Your Business Outgrown Its Accounting Software?

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The following content is excerpted from a NetSuite blog post, Five Tell-Tale Signs Your Business Has Outgrown Its Accounting Software If you rely on a basic accounting package to run your business, now might be the time to consider other options, such as moving the processes that are key to your business operations to an […]

Are You Fully Prepared for the New Lease Accounting Regulations?

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According to a recent survey, many companies are behind in their preparations for ASC 842/IFRS 16. Read this NetSuite blog post to learn more. Find out how you compare with your peers by taking this survey. Contact the GYF ERP Solutions Group to learn how NetSuite ERP solutions can help your business with this transition […]

NetSuite Podcast Reviews How Private Companies Should Prepare for ASC 842

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The new FASB lease accounting standard ASC 842 is already in effect for public companies with a calendar year-end. Private companies with a calendar year-end must comply with the new standard beginning January 1, 2020. Read the NetSuite blog post for more details about Episode 21, which discusses the important facts to know about the standard and how […]

Using NetSuite to Help Navigate the New Lease Accounting Regs

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The new lease accounting standards will be most challenging for dual reporting companies that will need to maintain different processes, controls and accounting systems for each framework to comply with the different lessee reporting requirements.  Read this NetSuite blog post to learn how NetSuite can help make this happen. Contact the GYF ERP Solutions Group to learn more […]

Continuous Accounting: An End to Period-End Chaos?

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NetSuite’s cloud-based financial management system can help financial professionals eliminate the headaches of closing the books at period-end and enjoy the benefits of continuous accounting, which aims to distribute the finance team’s workload evenly over an accounting period. Read the NetSuite blog post to learn more. Contact the GYF ERP Solutions Group to learn more about the NetSuite […]

NetSuite Debuts Podcasts

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NetSuite has a new way for current and prospective customers to learn more about the company and its software. Episodes will also feature customer stories and advice for other users. A new NetSuite Podcast will be available every other week. Read the NetSuite blog post for more details about the podcasts and Episode 1, featuring founder Evan […]

NetSuite Unveils Powerful Intelligent Cloud Suite

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Adding powerful AI and machine learning capabilities allows NetSuite to deliver the insight, interaction and automation that ERP customers need. Read more in the Summer 2018 GYF Perspectives. Learn about SuiteSuccess, a unified cloud industry solution that helps customers grow and adapt quickly