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ZoneReconcile

Status: Unverified

Automatically reconcile your bank account and credit card transactions within minutes and save hours of manual processing daily without hassle, manual entry, or errors. Instead of spending hours entering and matching each line of your bank or credit card statement, this SuiteApp automatically creates and reconciles all transactions in one easy step. Upload your statements or configure a transaction feed directly from your bank and automatically create and reconcile transactions across multiple companies, bank accounts, cards, currencies, and e-payment providers. Ask our 300+ global customers who use ZoneReconcile daily for faster closes and real-time visibility free to focus on using their data, not entering it.

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Description

Stop wasting time, effort and money manually reconciling your bank accounts

Automatically import and reconcile your credit card transactions within minutes and save hours of manual processing daily without hassle, manual entry, or errors. Instead of spending hours entering and matching each line of your credit card statements, this SuiteApp automatically creates and reconciles all transactions in one easy step. Upload your statements or configure a transaction feed directly from your bank and automatically create and reconcile transactions across multiple companies, bank accounts, cards, currencies, and e-payment providers.

Released in 2013, we designed and developed ZoneReconcile along with NetSuite customers who wanted to:

Eliminate the time, errors, and frustration caused by manually reconciling their bank and credit card statements

Manage the entire process within their core NetSuite interface

Using various criteria, you can auto-match everything from invoices and credits to prepayments and expense reports based on an upload of your statement or a transaction feed directly from your bank. Whether you manage multiple subsidiaries, bank accounts, cards, currencies, or payment providers, this app can automate any area of your business where you need to reconcile payments made or received manually.

Due to the speed and ease of completing the bank reconciliation using this SuiteApp, most of the 300+ NetSuite customers using the app reconcile within minutes daily to ensure their business-critical reporting is live and accurate.

Key Benefits

Reconcile Your bank accounts and credit card statements in minutes, and save hours daily.

  • Never manually create a bank transaction again – all transactions are automatically reconciled from your statement or bank feed.
  • Auto-matching reconciles based on date, amount, reference, etc.
  • Eliminate errors, increase control, and improve reporting without having to do a thing.

Automate any area of your business where you manually reconcile transactions

  • Manage multiple companies, accounts, currencies, and formats
  • Also compatible with credit card statements and expense reports
  • Payment gateway integration, including PayPal and Adyen

Empower Your People to Use Data Rather Than Enter It

  • People weren’t born to re-enter data into systems, don’t make them!
  • Free your people to add value and drive innovation by using data rather than manually entering it into NetSuite.
  • Reconcile within minutes every day to ensure your critical reporting is based on accurate bank balances

Affordable, Easy to Install & Easy-to-Use

  • Remote installation within a few hours
  • No new interface to learn
  • Licensing based on the number of bank accounts managed

Customer Quote:

I loved this tool since the first time I used it. The configuration is easy – thanks to the great instructions provided by Fast Four. The tool is very user-friendly and covers most issues that can be met during the bank reconciliation process. During the last few years, the tool has improved significantly. I advise all companies using NetSuite to add this.

FEATURES

Automatic bank and credit card transaction entry & reconciliation

ZoneReconcile imports your bank or credit card statement file and performs an auto-matching procedure within NetSuite. Money received will generate payment transactions against customer invoices while linking payments to bills, journals, and other expenses based on auto-matching rules. Suggested transactions for any unmatched lines are visible with one click within your bank reconciliation screen.

We support virtually all file formats, including CSV, Comp53, MT940, OFX, QIF, and various country-specific formats. If you use a format unsupported as standard, we can configure our app as required.

Resolve complex scenarios with one click

Foreign currency payments, consolidated or split payments, and payment differences can all be processed with the click of a button, greatly enhancing standard NetSuite functionality and dramatically reducing the time required for users to reconcile transactions. Ad-hoc transactions such as card payments or bank interest gains can also be easily created on-the-fly.

Reconcile credit cards & payment gateways including PayPal and Adyen

Automated reconciliation is not restricted to bank accounts. Using off-the-shelf configuration options, you can easily automate the reconciliation of any transitions in your business, including credit card providers or payment gateways.

Direct Debit Reversals

If you use Direct Debits to take payment from customers, payments can sometimes be reversed. ZoneReconcile auto-matches Direct Debit reversals and posts them correctly in the General Ledger as a new transaction type called “Direct Debit Reversal.” This process automatically re-opens the original invoice and populates the reason for reversal, allowing you to use standard NetSuite workflows to alert users, automatically re-apply for payment, or chase the customer in person.

Multi-Line Journals

Easily allocate one payment in your bank to multiple GL Accounts in NetSuite with the click of a button.