NetSuite Admin Tip | Bank Reconciliation using Match Bank Data and Reconcile Account Statement

In today’s business landscape, where honesty and responsibility are essential, bank reconciliation is important across all industries. It helps ensure that a company’s finances are accurate and reliable, protecting its reputation and stability.

NetSuite provides an application that simplifies the reconciliation process for users utilizing Match Bank Data and Reconcile Account Statement. These processes work hand in hand to enhance the bank reconciliation process, ensuring that users achieve the results they expect. To utilize this feature, one must first establish General Ledger Account, specifically designating them as either a Bank or Credit Card Account Type. This step is a prerequisite for accessing the functionality provided by the checkbox feature. More of this is documented on