Automate month-end write-off in NetSuite with Limebox Power Close

Power Close from Limebox enables you to efficiently close the month, quarter, and year with clean books so leaders can make strategic financial decisions with confidence. Our NetSuite add-on solution installs in minutes and is a cost-effective alternative to manual journal entry.

Complete monthly balance and transaction write-offs in minutes

Limebox’s Power Close for NetSuite fully automates write-offs, eliminating the stress and frustration of manual and time-consuming write-off procedures required in NetSuite. No more repetitive tasks, questionable forecasts, clogged systems or impaired decisions. Just accurate financial records in NetSuite that reflect the true financial position of your company—without all the hassle.

We built Power Close for you

Out-of-the-box NetSuite lacks an automated solution for writing off balances. That’s why we created Power Close. Because for companies with a high volume of micro-transactions, bad debt or transactions that result in currency or tax rounding issues, reconciling transactions manually drains resources and introduces risk. Power Close is ideal for:

Telecommunications companies

Utility companies

Retailers

Subscription services

Financial institutions

E-commerce platforms

Limebox is always finding ways to save you time

Power Close is smart, fast, and makes your life easier so you can rest assured that the write-off process is being handled efficiently and accurately while you focus more on strategic financial planning. Even better, by enhancing financial capabilities within NetSuite, you streamline the write-off process for the finance team and improve reporting capabilities for better insights into bad debt and write-off trends over time.

Automate month-end processes

This add-on feature streamlines month-end processes by enabling users to quickly select and mass-close open transactions based on their own criteria, saving valuable time and effort that can be used elsewhere.

Write off anything

Using Power Close, you can control write-offs and streamline reporting. Effortlessly write off customer balances in NetSuite, such as bad debt and balances on payments, invoices, credit memos, and customer deposits.

Prevent inaccurate records

You’ll never question records again or deal with inaccurate aging reports. Power Close automatically creates offsetting transactions, such as credit memos and invoices, to ensure clean and compliant financial records.

Establish consistency and standardization

Adherence to accounting standards and company policies is easy when you have an automated and straightforward method for closing out invoices and other transactions without manual intervention.

Reduce the need for complex customization

We designed Limebox Power Close to simplify month-end processes without the need for NetSuite customization by providing a user-friendly interface that allows users to query, select, and run the tool from a single screen.

Maintain control

Power Close gives Controllers and CFOs greater control over financial operations by empowering them to efficiently manage and reconcile transactions within NetSuite, leading to improved financial visibility and decision-making.

WORK SMARTER. NOT HARDER.

“Limebox is always problem-solving, streamlining workflows, and thinking strategically so we can continue to evolve and scale.”

Murrey Wanstrath, Former COO, LTK (Like.To.Know.It)

How Power Close works

Depending on the transaction type, our Power Close creates Invoices and Credit Memos that are automatically applied to the transaction you want to write off. Find the transactions you’re looking for quickly and set your own search criteria for the ultimate customization.

Uses native transaction records

No impact on system performance

One-page interface integrates seamlessly into NetSuite

Install and start using in minutes

Return on Investment

1 %

More Efficient Processes

1 %

Post-Sale Support

1 %

Start Using Power Close for Free

Shortcut the hours and days it takes to write off transactions in NetSuite every month with the easy-to-install Power Close from Limebox. We offer a 14-day free trial with free install support, and you can cancel at any time. After the trial, pay only $150 per month. No contract.