🏦 NetSuite Bank Reconciliation Tutorial | How to Use Match Bank Data & Bank Feeds
In this step-by-step NetSuite tutorial, we’ll walk through how to perform a bank reconciliation in NetSuite, comparing your NetSuite transactions to your real bank account activity and resolving any discrepancies quickly and accurately.
Learn how to use the Match Bank Data tool, set up bank feeds, and handle both manual reconciliations and automated reconciliation methods inside NetSuite. Whether you’re a controller, accountant, or NetSuite administrator, this guide will help you master the full reconciliation process.
💡 What You’ll Learn in This Video
✅ Introduction to Bank Reconciliation in NetSuite
Understand what bank reconciliation is, why it matters for month-end close, and how NetSuite simplifies it through built-in financial tools.
✅ Navigating to the Match Bank Data Tool
See exactly where to find the reconciliation feature — under Financial > Banking > Match Bank Data — and learn how to select the correct account to start reconciling.
✅ Manual Bank Reconciliation Process
Follow along as we demonstrate the manual match method, ideal when your bank isn’t connected via feed.
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Compare transactions line-by-line using your bank statement
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Mark matched transactions and review cleared payments
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Submit and finalize reconciliations through the Reconcile Account Statement feature
✅ Handling Discrepancies in NetSuite
Discover how to address mismatches between bank and system data using journal entries, charges, or deposits — and learn why the best practice is to create or correct vendor bills and deposits in the proper NetSuite records instead of manual adjustments.
✅ Using Automated Bank Feeds
Explore the most efficient and recommended method — connecting your bank directly to NetSuite using Bank Feeds.
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Learn how to sync accounts with institutions like Bank of America
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Automatically import transactions
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Use the Match button to pair payments and deposits accurately
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Resolve unmatched items manually
✅ Troubleshooting and Admin Tips
Find out how to access bank feed settings through Setup > Accounting > Financial Institutions and what to do if your feed breaks (e.g., after password changes).
📘 Why This Tutorial Matters
✔ Streamline your month-end closing process
✔ Ensure accurate financial reporting and cash balances
✔ Reduce manual data entry and reconciliation errors
✔ Learn both manual and automated methods for full flexibility
👩💼 Who This Video Is For
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Controllers and accounting managers
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Bookkeepers and finance professionals
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NetSuite administrators and consultants
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Anyone looking to improve financial accuracy in NetSuite
🔗 Related Topics
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NetSuite Banking Setup
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NetSuite Reconciliation Best Practices
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Bank Feed Integration
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Month-End Close Checklist
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Financial Automation in ERP Systems
