1. Accounting
  2. Banking
  3. Intelligent Payment Automation
  4. Setting Up Intelligent Payment Automation
  5. Signing Up with BILL within Intelligent Payment Automation
  6. Mapping GL Bank Accounts

Mapping GL Bank Accounts

After Step 2 – Linking Your Bank Account for Funding Payments, you need to map the linked bank accounts to a GL Bank Account in NetSuite.

For every bank account that is linked in BILL, a corresponding mapping to a GL Bank Account is required to ensure that you can process payments. If a bank account is not mapped to a GL Bank Account, a reminder to complete the mapping shows in the Recommendations portlet on the dashboard.

If a linked bank account is deleted, the corresponding mapping to the GL Bank Account is automatically removed. The unlinked GL Bank Account can be used to be mapped to any new bank account that may be linked to BILL.

In most cases, you can map linked bank accounts to existing GL Bank Accounts. If there is no GL Bank Account available for mapping, you can create a GL Bank Account and complete the mapping process.

Note:

Payments are posted to the GL Bank Account that is mapped to a bank account.

To map linked bank accounts to an existing GL Bank Account:

  1. Select the GL Bank Account from the available options in the list and click Save. If there are multiple bank accounts, you need select the GL Bank Account for each bank account.

  2. Click Next if you want to set up payment run approval routing. See Step 3 – Setting Up Payment Run Approval Routing for more information.

To create a GL Bank Account and map it to a linked bank account:

  1. Click Create GL Bank Account.

  2. In the Create a GL Bank Account window:

    1. Enter a Name for the GL Bank Account. The account name can be alphanumeric with a maximum of 60 characters.

    2. In the Type list, select Bank as the account type.

    3. If you're using NetSuite OneWorld, the Subsidiary field displays the subsidiary name for which you are creating the GL Bank Account and can't be changed. If you aren't using NetSuite OneWorld, the Subsidiary field won't appear.

    4. The Currency is set to US Dollar.

    5. Enter the Bank Name, Bank Account Number, and Bank Routing Number.

  3. Click Save to add the GL Bank Account to the available list. You need repeat these steps if you want to create multiple GL Bank Accounts.

  4. Select the GL Bank Account from the available options in the list and click Save. If there are multiple bank accounts, you need select the GL Bank Account for each bank account.

  5. Click Next if you want to setup payment run approval routing. See Step 3 – Setting Up Payment Run Approval Routing for more information.

Related Topics

General Notices