NetSuite Admin Tip: Track Lock Tasks and Closed Dates of Accounting Periods via Saved Search

Month-end close ensures balanced books and the accurate accounting of all transactions. This process helps prevent errors and fraud, maintaining the accuracy of financial statements. Creating a Saved Search will help the administrators and other users in tracking when the subsidiary is locked and closed which is crucial for monitoring the accuracy and timeliness of transaction postings.

In NetSuite, you can access the Period Close Checklist to lock, unlock, and close accounting periods. To see this page, go to Setup > Accounting > Manage G/L > Manage Accounting Periods.

From this page, you can create a saved search to monitor the locking and closing of periods. Here’s a step-by-step guide on how to achieve this: