Let’s face it, bank reconciliation can be tedious and time consuming, especially with high transaction volumes, multiple bank accounts or multiple currencies to be reconciled. Advanced Bank Reconciliation for NetSuite will help to avoid the monotony of manual bank statement reconciliation in a few simple steps, vastly reducing the time it currently takes.
Advanced Bank Reconciliation speeds up the process, while ensuring accuracy. Transactions are imported from the bank into NetSuite. Automated matching can be used to reconcile the majority of transactions with the minimum of effort. Flexible matching and grouping rules are user-definable, ensuring that they can be tailored to produce the most accurate results.
At Distribeauty Ltd we handle a high volume of bank transactions due to our ecommerce operations and were searching for a way to speed up and automate the laborious task of reconciling our bank and payment gateway accounts in NetSuite. Nolan’s Advanced Bank Reconciliation SuiteApp is ideal as it imports the statement files and automatically reconciles the transactions on the statement with those in the bank accounts in NetSuite. It supports multi-currency and has flexible, configurable matching rules. All this has resulted in a time saving of around 3 hours per day! The fact that it has the ‘Built for NetSuite’ badge gives comfort that it will be kept up to date with future releases of NetSuite”.
Kelly Phillips, Financial Controller, Distribeauty Ltd
This video will provide you with a good overview of the features and functionality of Nolan’s Advanced Bank Reconciliation solution.
Avoid the tedium of manually reconciling and auto-posting bank statements, credit cards bills and credit card gateways in a few simple steps.
If you would like to import bank BAI files or transaction types or would like to automatically reconcile posted General Ledger transactions to an imported bank statement, then look no further.
Advanced Bank Reconciliation for NetSuite offers great payback and brings the time required down from hours to minutes.