Managing Balances & Transactions (NetSuite)

the balances & transactions feature allows you to see previous and intraday balances directly from your accounts in near real time if you would like to use bank data for reconciliation, we recommend enabling bank feeds (see bank feeds section for more info) viewing balances & transactions instructions step 1 go to balances & transactions go to your bank → reports → balances & transactions here, you can view all of the bank accounts that you have connected with the plugin the bank accounts that are shown to a user depend on their level of permissions for instance, if a user is restricted to a subsidiary, they can only view accounts that are associated with that specific subsidiary and not accounts belonging to other subsidiaries account summary page displaying all bank accounts connected to the plugin select into an account to view their intraday and previous day balances intraday balances (updated time bank dependent) previous day balances (updated time bank dependent) step 2 view balances & transactions bank account balances are displayed at the top of the page bank transactions scroll down to see what is essentially your bank statement, populated on this page you’ll see all of the settled transactions, debits and credits, for the account go to the details column → select view to see richer details about a transaction including any available remittance information reconciliation instructions step 1 enable transaction matching go to setup → accounting → chart of accounts select edit on the bank account for which you would like to use the reconciliation feature select the “ use match bank data and reconcile account statement pages” box to enable this feature for the account then, select save step 2 enable bank feeds ensure that bank feeds have been properly enabled for your account once bank feeds have been enabled, you should be able to see transactions coming into the match bank data page on a daily basis transactions that settled the day before will be imported early in the morning step 3 confirm transaction matches go to transactions → bank → match bank data select the appropriate account from the drop down and your transactions will appear in the left column for matching