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Nolan Advanced Bank Reconciliation for NetSuite

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Advanced Bank Reconciliation (ABR) reduces the bank reconciliation process from hours to minutes in a few quick steps. Auto-post your credit card bills on statement import.

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Description

Advanced Bank Reconciliation (ABR)

Advanced Bank Reconciliation speeds up the bank reconciliation process, while ensuring accuracy. It also supports auto-posting credit card bills on statement import and credit card gateway reconciliation.

Statement 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.

Key Benefits

  • Saves time – the reconciliation process takes minutes rather than hours
  • Reduces errors – view transactions side-by-side and zone in on un-matched records
  • Less manual posting – Autopost GL transactions. Create templates to memorize transactions that get posted on bank statement or credit card statement import.
  • Autopost AR transactions Inbound wires and ACH’s can automatically be applied against open client invoices.

Formats

  • Works with all international bank statement formats
  • Reconciles multiple banks, bank accounts and currencies
  • Formats supported in both NetSuite and OneWorld
  • Credit Card Bill import, Merchant Gateway and PayPal reconciles also supported.
  • Auto-posts GL transactions from imported bank and credit card statements
FEATURES

Save time

No more bank reconciliation using Excel. Simply import your bank statement into NetSuite. User defined matching and grouping rules allow you to automatically reconcile your bank statement at the click of a button.

Reduce errors

View NetSuite GL and bank statement transactions side-by-side and identify discrepancies easily. After Automatching you can zone in on unmatched records without the clutter of ALL transactions.

Increase efficiency

Quickly and easily reconcile multiple accounts, banks, currencies and un-reconciled discrepancies. With Nolan Advanced Bank Reconciliation for NetSuite you can reconcile daily, weekly or monthly, making the bank reconciliation process more efficient.

Reporting made easy

View historical figures and access comprehensive reports for audit purposes.

Auto-post GL and Payment Type Transactions

Automatically post the GL transactions from imported statements. With the Nolan templates recurring transactions such as insurance can be automatically posted when the bank statement is imported. Also works for credit cards.

Auto-apply and post inbound wires and ACH's to open client invoices. Using the template features, set-up rules to determine posting order for open invoices for each client.