Glossary
What is month-end close automation?
Month-end close automation converts the manual, repetitive parts of closing the books (reconciliations, evidence gathering, report rebuilds, exception reviews) into a governed, repeatable workflow in NetSuite. The goal is a close that ties out without needing explanation, with human sign-off retained where judgment and risk matter.
The definition
Month-end close automation explained
The close is where a brand's operations either tell one story or several conflicting ones. Manual closes lean on spreadsheets, last-minute data hunts, and tribal knowledge, which makes them slow, fragile, and hard to defend when a board or auditor asks how a number was reached.
Automating the close does not mean removing people from it. It means converting the repetitive lifting (matching, gathering, rebuilding) into a governed workflow, while keeping finance in the decisions that carry money and risk. The outcome is operational certainty: numbers the team can stand behind, produced the same way every period.
Where this shows up at Altura
FAQ
Frequently asked question
See also
Related terms
Related terms that come up in the same workflows.
01
Settlement reconciliation
Settlement reconciliation is the process of proving that each marketplace remittance statement and payout deposit matches the underlying orders, refunds, fees, reserves, and adjustments in NetSuite. It is not the statement itself. It is not the bank transfer event; it is the governed matching workflow that explains variances before finance posts the close.
Read the definition02
Exception handling
Exception handling is the governed path an automated workflow follows when something does not fit the rules: a payout that will not match, a stuck order, an integration error. Instead of failing silently or forcing a person to hunt, the exception is classified, routed to the right owner with context, and resolved with human approval where it matters.
Read the definition03
NetSuite HealthCheck
A NetSuite HealthCheck is a focused assessment of where a brand's NetSuite environment is creating friction (manual workarounds, brittle integrations, untrustworthy numbers) and which fixes are worth doing first. It is the entry point Altura uses to surface the highest-value workflows to convert before committing to a build.
Read the definition04
Marketplace remittance
A marketplace remittance is the statement or document a marketplace provides for a settlement period, showing gross activity, fees, refunds, reserves, adjustments, and the net amount owed to the seller. It is evidence for reconciliation, not the reconciliation process itself and not necessarily the same as the bank deposit timing.
Read the definitionDealing with month-end close automation in your operation?
Tell us where the work breaks today, and we'll help scope the governed workflow worth converting first.