Bank reconciliation training using Oracle NetSuite

Highlights

• Bank reconciliation is the process of comparing the amount of a bank account shown in an entity’s books of accounts to the balance listed in the most recent bank statement provided by the financial institution. Account-holders often utilize bank statements from financial institutions to do their bank reconciliations.
• Many banks now let account holders directly download information about their financial transactions, which makes it easier to do reconciliations.

An Introduction To Bank Reconciliation

1. Advantage ​
2. The Best Way to Check Your Bank Statement
3. This entry was posted on August 1, 2010.
4. Reports
5. Using imports, create a bank reconciliation This entry was posted on August 1, 2010.
6. Matching Rules for Reconciliation
7. Establish a Bank Matching Rule
8. Make a Data Import Template
9. History of Banking Imports
10. Making a Journal Entry This entry was posted on August 1, 2010.
11. Bank Data Matching This entry was posted on August 1, 2010.
12. Finishing Remarks This entry was posted on August 1, 2010.

• Bank reconciliation is the process of comparing the amount of a bank account shown in an entity’s books of accounts to the balance listed in the most recent bank statement provided by the financial institution. This entry was posted on August 1, 2010.
• Account-holders often utilize bank statements from financial institutions to do their bank reconciliations. To make reconciliations simpler, many financial institutions now provide direct downloads of financial transaction information into the account holder’s accounting system, often in the form of a CSV file. This entry was posted on August 1, 2010.
• Differences between the bank balance and book balance may be found using the reconciliation statement.
• This entry was posted on August 1, 2010.
• By contrasting your bank statement with your bank account registration, you can ensure that your NetSuite account is accurate.
• This entry was posted on August 1, 2010.
• You may include fresh transactions when reconciling. This entry was posted on August 1, 2010.

There are two methods to reconcile your bank accounts: This entry was posted on August 1, 2010.

1. Manually generated bank reconciliation is used. On August 1, 2010, this entry was published.
2. The bank reconciliation was produced using imports.