As your organization grows, approval workflows tend to become larger and more sophisticated. Different spends will require different levels of scrutiny. Advanced Approval Policy will help you create and maintain complex and specialized workflows that reflect your company’s unique policies.
Custom Fields for NetSuite (Virtual Cards).
NetSuite Users can now capture additional information required for Virtual Card spend by populating the NetSuite Custom Feilds in Airbase. Set these fields required, either by the amount or category, when using custom fields as part of Advanced Approvals.
Receipt Compliance settings.
New Receipt Compliance setting will allow you to exclude cards from requiring receipts for transactions. This is useful for Virtual Cards used for Google and Facebook that send annual or monthly statements of your spend.
These are the updates made to amortization in Airbase:
Select Prepayment accounts: Decide how the amortization entries will impact your books in the GL on a per transaction basis.
Update line tags and category: You can edit the future amortization entries and update their Line tags and category.
NetSuite native amortization.
NetSuite users can amortize transactions using the NetSuite amortization template.
Allow Admins to create POs.
Airbase Admins can create a PO and match them with the corresponding invoices in Airbase.
Admin spend request workflow for Virtual Cards and POs.
Reporting: Spend by Category.
You can now view a report of all the spend in your organization based on their GL Category.
Bill Payments updates.
Here are the updates of Airbase Bill Payments:
Change the Spend Owner of a bill marked as ‘Paid.’
Even if the Bill is paid, you can now update the Spend Owner of the Bill in Airbase.
Archive a Bill marked ‘Paid Outside Airbase.’
If there were duplicate bills created for a payment made outside Airbase, you can archive them.
Edit bills waiting for approval.
Edit the information of bills created in Airbase without approving them.