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Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
Bank Reconciliation in NetSuite
As of NetSuite 2019.2, there are two ways of reconciling bank and credit card accounts:
1. Reconcile Bank Statement or Reconcile Credit Card Statement (old way)
- Navigational path: Transactions > Bank > Reconcile Bank Statement or Reconcile Credit Card Statement
- Manual reconciliation of Bank Statement against the Bank/Credit Card Account Register
- Makes use of the Account Register to clear transactions and to identify cleared transactions that is up for reconciliation
- Has the History button to show all Periods reconciled and to check differences
2. Reconcile Account Statement and Confirm Transactions Matches (new way)
- Navigational path: Transactions > Bank > Reconcile Account Statement
- Makes use of importing the Bank Statement (CSV, BAI2, QFX files) via Import Online Banking Data page
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