Reporting and close templatesAutomate recurring journals in NetSuite
Modern prepares the journals you post every month, such as depreciation, amortization, rent and payroll accruals, checks each amount against last month and asks for approval in Slack.
TriggerWorking day 1
Steps5 steps, from trigger to sign-off
ControlController approves in Slack
Free to start. No card needed.
Working day 1The instruction
“On working day 1, draft our recurring journals in NetSuite for depreciation, software amortization, rent and the bonus accrual, using the schedules in the close folder. Flag any amount that moves by more than 15% from last month. Post the list to #close in Slack and post the journals once the controller approves.”
Works with every major ERP
- +100 more
How it runs
5 steps from trigger to sign-off
- 01
Read the schedules
Reads amounts from your schedules, contracts and prior journals.
Modern - 02
Draft the journals
Creates each recurring journal in NetSuite with the right accounts and period.
NetSuite - 03
Check for changes
Flags amounts that move more than your threshold from last month.
Modern - 04
Approve in Slack
The controller reviews the list in #close and approves each journal.
Slack - 05
Post
Posts the approved journals and records who approved them.
NetSuite
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FAQs
Post recurring month-end journals: FAQs
Can’t find what you’re looking for? Send us a message and a person on the team will answer.
Memorized transactions repeat a fixed amount. Modern recalculates each journal from your schedules and flags changes before anything posts.
Yes. Name an approver for each journal in the instruction and Modern routes them separately.
Yes. Modern drafts recurring journals in Xero, QuickBooks, Sage or NetSuite.