Introduction
In this article, learn how to configure bank feeds to enable transaction synchronization between Finofo and NetSuite for seamless reconciliation.
Go to the settings section on your Finofo account on the left bottom of your dashboard bar. Here you will find a 'accounting' tab that needs your configuration setup. This feature lets your transactions made on Finofo - from currency conversions, supplier payments, card transactions and everything - be pushed to your ERP ready for reconciliation.
Bank feeds configuration
Step 1: Configuration
Please click on the 'configure' button on the right side of the page.
Now connect the relevant currency accounts to the accounts you created on NetSuite.
Select general ledger account from the drop-down, and select the feed start date. Click update to push the transactions back to NetSuite.
Configure the necessary accounts on this section - here's how it looks when complete:
Once done, transactions will be sent to the NetSuite platform.
Step 2: NetSuite verification
Login to NetSuite and type 'Match Bank Data' in the search bar.
On the match bank data page, select your General ledger account from the 'account' dropdown and click 'update imported bank data'.
Here's how the updated transaction appears on NetSuite, ready for reconciliation:
Add your corresponding journal entry that will give you the date and all the information and hit save to update.
You can review, exclude certain transactions, and all matched transactions will appear on the page.
💡 Tip
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