Intelligent Transaction Matching for Bank Data

When bank data is imported into NetSuite or you manually run reconciliation rules, the Intelligent Transaction Matching feature matches imported bank data with account transactions. For details on importing bank data, see Bank Data Import. For information on running rules against imported data, see Manually Running Reconciliation Rules.

Intelligent Transaction Matching runs two types of rules against newly imported bank lines (except for in-transit payments) to accomplish this:

Note:

Intelligent Transaction Matching does not run rules against account transactions. Any account transactions that are currently matched cannot be matched again, regardless of their reconciliation state.

For details on how NetSuite uses system and user matching rules to group transactions, see Grouping Multiple Transactions.

To view automatically matched transactions, go to Transactions > Bank > Match Bank Data and then click Review.

On the Review subtab, each line item is a group of matched transactions. By default, all line items are collapsed. To view the individual transactions in the group, expand the line item.

In-Transit Payment Matching

In-transit payments are non-posting and thus are ineligible for matching using system or user rules. Instead, Intelligent Transaction Matching matches in-transit payments using a built-in rule that is not visible to you. This rule requires the transaction number and amount of the in-transit payment to match those of the imported bank line. In addition, the imported bank line must be a Payment type.

For more information on in-transit payments, see In-Transit Payments.

To enable the In-Transit Payments feature, see Enabling the In-Transit Payments Feature.

Related Topics

Bank Data Matching and Reconciliation
Permissions for Banking Features
Reconciling Bank and Credit Card Statements
Account Reconciliation Reports

General Notices