Banking
NetSuite banking gives you several ways to track your income accurately. Record deposits to your bank accounts to capture customer payments and other money you receive in your business. For a deposit, select payments for existing transactions, add funds not related to transaction payments, and record any cash you get back from the bank. Remove undeposited funds from deposits, record cash back, manage returned or Non-Sufficient Funds (NSF) checks, and more. For more information, see Deposits.
NetSuite lets you use the Write Checks transaction to issue a check for an expense or record a non-check transaction. For more information, see Checking.
To create a transaction that changes a general ledger account balance, create a journal entry. For more information, see Journal Entries.
Move funds from one bank account to another, or into non-bank accounts. For more information, see Transferring Funds.
Add company credit card accounts, enter charges, pay the bill, and reconcile the statement. For more information, see Company Credit Cards.
Create and save a record for a financial institution, then add multiple format profiles. Format profiles let you set up how bank data is imported and parsed. You can configure imports for bank data matching, reconciliation, or expense reporting. For more information, see Financial Institution Records.
If you use online banking, you can import transaction data automatically or manually. With automatic imports, you get new data from your financial institution daily. For more information, see Automatic Bank Data Import. Alternatively, download transaction data and manually import it into NetSuite. For more information, see See Manual Bank Data Import.
You may import bank lines that don't have matching customer payments in NetSuite. The Automated Cash Application feature lets you generate a batch of customer payments and apply them to open invoices. NetSuite then matches and clears these payments automatically, ready for reconciliation. For more information, see Automated Cash Application.
Use Intelligent Transaction Matching to automatically match imported bank lines with existing 9r system-generated account transactions. On the Match Bank Data, view matched and unmatched transactions, and manually match exceptions. Reconcile account statements on the Reconcile Account Statement page, which displays matched and cleared transactions. For details, see Bank Data Matching and Reconciliation.
If you have the right permissions (see Permissions for Banking Features), NetSuite automatically enables all new accounts to use the Match Bank Data and Reconcile Account Statement pages. These replace the old Reconcile Bank Statement and Reconcile Credit Card Statement pages, which are still functional but no longer supported. If you still use the old pages, edit your accounts to use the new ones. For more information, see Editing Accounts to Use the Match Bank Data and Reconcile Account Statement Pages.
If you have accounts that still use the old reconciliation pages and aren't ready to migrate, see Reconciling Bank Statements and Reconciling Credit Card Statements.
For information about adding and deleting bank accounts, see Creating Accounts and Deleting Accounts and Making Accounts Inactive.