NetSuite’s new release (2017.2), comes with enhancements to cash management, making bank reconciliation faster and easier than ever before. The release also will help users manage their cash positions in real-time while providing an exceptional user experience.
There is now a new “side-by-side” page in NetSuite called the Account Reconciliation Page, which gives users an alternative to the Reconcile Bank Account and Reconcile Credit Card Account pages.
Keep in mind that only GL Bank and Credit Card Accounts that have the USE IMPORTED STATEMENT RECONCILIATION FORM flag set in the Account Details page will be available to reconcile in the new page.
Another way NetSuite has improved their bank reconciliation experience is by improving the Bank Statement Import.
Bank reconciliation can be a headache, but NetSuite is a very capable tool that can make your life easier. If you would like more information about NetSuite, please contact us at any time! You can also learn about more great tips for NetSuite on our YouTube playlist or our other blog posts.
This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.
About the Author
Tanya Weatherholt
Tanya has 15+ years experience leading Systems Implementation and Business Process Analysis projects.
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