NetClose - Setup Flux Accounts
Overview:
By default, flux analysis is available for all accounts in the chart of accounts. Users may choose from additional setup options, as described below.
Step By Step Process:
Navigate to NetClose > Setup > Enable Flux Analysis Accounts
This will navigate to the NetClose | Setup Flux Accounts page
This page will show a listing of the entire chart of accounts in NetSuite. There is an also an option to filter the accounts by Account and Summary. The listing will mirror how the chart of accounts is setup by using parent and subaccounts.
To learn more about the "Flux Group" column, please refer to this article.
If an account does not have an assigned "Flux Group", the system will not generate a flux analysis for that account.
The "Include Subaccount Activity" box allows the user to generate a single flux that includes the parent and subaccounts. To do this, select the "Include Subaccount Activity" box next to the parent account.
When generating a Flux Scenario, default thresholds can be created to determine which accounts should run a flux analysis. However, on this setup page the "Override Amount Threshold" and "Override Percent Threshold" allows a user to override any default thresholds and create a specific threshold for certain accounts, which will apply to all flux scenarios. Thresholds will trigger NetClose to require an explanation on any flux analysis that shows a change between two comparison periods that is larger than the threshold.