Automated Cash Application
You can import bank lines that don't have matching customer payments in NetSuite. The Automated Cash Application feature lets you automatically generate a batch of customer payments in NetSuite and apply them to open invoices. The generated customer payments are then automatically matched and cleared in the system. To generate customer payments, see Generating Customer Payments.
Before you manually match transactions, use the Automated Cash Application feature to generate all customer payments from imported bank lines and match them. After all customer payments are handled, manually match any remaining transactions. See Matching Bank Data.
The Automated Cash Application feature displays all imported bank lines with a positive amount for an account and assigns a customer to each transaction if a match is found. For details about how NetSuite matches a customer to a bank line, see Customer Match Criteria.
If a customer match isn't found for a bank line and you want to generate a customer payment for it, select a customer. See Adding or Changing a Customer.
When you select a customer, you can create a customer mapping rule that the system remembers and uses for future incoming bank lines. For details on customer mapping rules, see Customer Mapping Rules for Automated Cash Application.
If a bank line specifies invoice numbers, the system displays the invoices the payment will be applied to. Otherwise, the system provides a list of suggested invoices. The system automatically allocates payment amounts to invoices, but you can adjust them as needed. To review invoices for a bank line, see Reviewing Invoices for an Imported Bank Line.
To use the Automated Cash Application feature, your user role needs certain permissions. For details, see Permissions for Banking Features.
This section includes the following topics: