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) access your bank account balances in near real time, directly within your financial management software, using balances and transactions drill down into the details of every deposit, withdrawal, and transfer, and view images of presented checks follow this guide to learn how to set it up viewing balances & transactions view account balances and transaction details across all of your accounts, all within netsuite 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 the account summary page displays all bank accounts connected to the plugin select an account to view its intraday and previous day balances intraday balances (updated time bank dependent) previous day balances (updated time bank dependent) view balances & transactions bank account balances are displayed at the top of the page scroll down to see the bank transactions , which are effectively your bank statement populated on this page you’ll see all settled transactions, debits, and credits for the account go to the details column → select view to see the details about a transaction, including any available remittance information ach reconcilement details if your organization has enabled the ach reconcilement details service, you will see unbatched ach transactions in the transaction details popup within the transactions page click yes in the items column to view these transactions this additional service supports your day to day reconciliation processes by providing detailed information about batched ach transactions that appear on the bank statement bank feeds supports the export of the detailed view of transactions to directly reduce the time spent on transaction matching during reconciliation ach payments made through the plugin are highly compatible with the ach reconcilement details these transactions are specially enriched to provide the highest opportunity for automatching once uploaded for bank feeds to learn more about enabling ach reconcilement details for your organization, please reach out to your pnc treasury management officer match transactions for reconciliation 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 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 daily transactions that settled the day before will be imported early in the morning confirm transaction matches go to transactions → bank → match bank data select the appropriate account from the dropdown, and your transactions will appear in the left column for matching importing bank transactions inside netsuite if you need to import transactions inside the match bank data page of netsuite, follow the instructions below this will work even if you have bank feeds enabled go to your bank → reports → balances & transactions select the account you would like to access apply the appropriate filters, select export , and select the appropriate export type you should select bai2 or csv note if the file does not download, make sure your pop up blocker is disabled go to transactions → bank → banking import history → upload file select choose a file and select the file you just downloaded earlier then, select import with a default parser, choose the appropriate account, and select import if you have selected a bai2 file, you will not need to select your account as the bank account information should already be present in the bai2 file itself for the bai2 import to work successfully, you will need to make sure your routing number and bank account number present (4 digits only) in the bai2 file (in the first three rows) match the records 02/03 from the chart of accounts to modify the chart of accounts records, navigate to chart of accounts, click 'edit' on the appropriate bank account and then hit 'bank import mapping' make sure that record 02 includes the routing number of the bank account and that record 03 includes the 4 digits of the account number this should match exactly what is in the bai2 file