NetSuite Native Amortization.
You can now use NetSuite’s templates to amortize expenses in Airbase. NetSuite will take care of the amortization entries for the spend.
Custom Fields for NetSuite (Virtual Cards).
Capture additional information required for spend requests using custom fields set up in NetSuite.
Create Purchase Orders.
In addition to Virtual Cards, Airbase Admins can now create POs and match them to corresponding invoices.
Admin Spend Request Workflow for Virtual Cards and POs.
Airbase Admins can now request Virtual Cards and POs. The request will follow the corresponding Approval Policy which ensures that all the spend requests in your organization are preapproved and have an audit trail.
Reports: Categories Report.
View spend reports by GL Category selected by the spend owner. This will save you the time it takes to fetch the report from your GL.
There are two new updates on Airbase’s Amortization feature:
1. Select Prepayment Account for ledger entries and bills.
Dictate how the amortization entries can impact your books on a per transaction basis.
2. Update line tags and category for future amortization entries.