Advanced Bank Reconciliations
Credit Card Reconciliations
Did you know Nolan Advanced Bank Reconciliation (ABR) is not just for reconciling bank accounts? Use Nolan ABR to reconcile your credit card accounts, Amazon accounts, PayPal accounts…you name it ABR can reconcile it. All of the readily available ABR automation tools help you efficiently ensure all sales and payments get posted to NetSuite in a timely manner.
Do you sell products on Amazon? Do you accept payments via PayPal? Making sure you record all sales and capture all payments can be a daunting and challenging task but ABR can help.
Treat the data files from the e-commerce site as your bank transactions and pull your sales activity in from a NetSuite clearing account. Then use the robust array of ABR matching options to quickly ensure your NetSuite data matches that of your e-commerce platform. If not – you can quickly see where your issues exist. Just remember – the key to a good match is commonality on both sides. In the case of e-commerce accounts, the transaction ID should be present in both the NetSuite and ‘Bank’ transaction ID fields. You may need to work with your NetSuite connection partner to adjust the transactions to facilitate an efficient matching process.
Curious about the entire process?