NetCash Bank Reconciliation Playbook
Overview
NetCash seeks to make bank reconciliations as easy and automated as possible. We have provided the checklist below as a baseline of what to do to complete your bank reconciliation at your desired interval.
Disclaimer
This list is meant as a guide. You are not required to do each step. There also may be processes specific to your company that are required for your bank reconciliation process that are not listed here.
Best Practices and Recommendations
- Perform matching of transactions daily. See the below instructions on how to perform this process.
- Reconcile bank statement to NetCash system calculations weekly. See NetCash Reconcile for instructions on how to reconcile.
- Run NetCash Proof of Cash Report monthly. See NetCash Proof of Cash Report for instructions on how to run this report.
Bank Reconciliation Playbook
- Verify all bank accounts are present in the system. See the NetCash Automatic Bank Feed Connection Setup and NetCash Manual Bank Connection Setup articles for instructions on how to add new banks.
- CSV upload any bank transactions that are not automatically fed to NetSuite. See NetCash CSV Upload Bank Transactions for instructions on this process.
- Review and match any suggested auto-matched transactions. See NetCash Review Auto-Matched Transactions for instructions on how to complete this process.
- Manually match any remaining transactions. See NetCash Manual Match Bank Transactions for the options for manual matching and cash application.
- If any matches have been made in error, unmatch these transactions. See NetCash Review Bank Matches for how to unmatch applicable matches.