Exploring NetSuite: Bank Feeds and Banking Improvements Tutorial

In this tutorial video Business Solution Partners NetSuite Consultant Tim Schobel will review how to Install and Configure the Bank Feeds Suite App. We will also provide an example of how to use the Bank Feeds SuiteApp. The Bank Feeds SuiteApp is a tool to automate the transfer of bank data into NetSuite and facilitates bank reconciliation by eliminating the need for manual imports once a month. You can link multiple financial institutions and accounts and the product does not require any additional licensing from NetSuite.

Utilizing the Bank Feed Feature of NetSuite allows you to eliminate the manual import of banking data through automated import from financial instructions. By providing daily updated bank balances you have better-informed decision-making based on your current cash position. An added benefit to the bank feed feature is improved match bank data functionality to reduce clutter, streamline processes and provide a faster reconciliation.