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 about 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:
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.
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System Rules – The default matching rules in NetSuite that you cannot modify or remove. Default rules automatically match imported bank lines with existing account transactions. Default rules are listed in the System Rules list (previously named Default Rules) on the Reconciliation Rules page (previously named Reconciliation Matching Rules). For more information, see System Reconciliation Rules.
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User Rules – Custom rules that you can create, edit, and assign the order in which they are run. User rules are listed in the User Rules list on the Reconciliation Rules page, and they include the following:
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Matching rules – Automatically match imported bank lines with existing account transactions. Intelligent Transaction Matching identifies a match for an imported bank line if an account transaction in NetSuite meets the criteria you specify in the rule. Matching rules are created and edited on the Reconciliation Rules page. You can apply a matching rule to multiple accounts. For more information, see Creating User Transaction Matching Rules.
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Auto-create rules – Automatically create and match the following transaction types:
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Deposits and charges for general ledger bank accounts
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Charges and refunds for general ledger credit card accounts
Intelligent Transaction Matching identifies an imported bank line that meets the criteria specified in the rule, and then creates a corresponding account transaction and matches it. Auto-create rules are edited on the Reconciliation Rules page but are generated from the Match Bank Data page, during a one-to-one match. Unlike matching rules, you can only apply an auto-create rule to a single account. For details, see Generating Auto-Create Rules.
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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.
If a rule identifies two or more possible transactions in NetSuite to match, the system cannot perform a transaction match. The system is unable to know which transaction to match, so you need to manually match the appropriate transaction, instead.
Here’s an example where a manual match is needed: An imported bank deposit has an amount of $70 and a date of 03/22/2023. NetSuite contains two transactions that are possible match candidates: a $70 deposit with a date of 02/14/2023 and a $70 deposit with a date of 01/16/2023. Because the transactions have the same amount and are at or before the date of the imported bank deposit, both meet NetSuite's match criteria. Due to this ambiguity, the system cannot choose one transaction over the other. Instead, you need to determine the appropriate choice and perform a manual match.
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.