Automatically reconcile your bank account within minutes and save hours of manual processing every day. No hassle, no manual entry and no errors. Instead of users wasting hours of their day entering and matching each line of your bank statement, this SuiteApp automatically creates and reconciles all of your transactions in one easy step. Simply upload your statements or configure a transaction feed directly from your bank and automatically create and reconcile transactions across multiple companies, bank accounts, cards, currencies and e-payment providers. Used by 900+ customers globally, ZoneReconcile gives you greater control, better visibility and allows your users to focus on using your data rather than entering it.

Stop wasting time, effort and money manually reconciling your bank accounts

ZoneReconcile will save you hours of processing bank transactions in NetSuite, every day. Rather than manually entering and matching every bank transaction line by line, this SuiteApp automatically creates and reconciles everything in one step within NetSuite.

Originally released in 2013, ZoneReconcile was designed and developed along with NetSuite customers who wanted to:

• Eliminate the time, errors and frustration caused by manually reconciling their bank
• Manage the entire process within their core NetSuite interface

Using various criteria, you can auto-match everything from invoices and credits, to prepayments and expense reports based on an upload of your statement, or a transaction feed directly from your bank. Whether you manage multiple subsidiaries, bank accounts, cards, currencies or payment providers this app can automate any area of your business where you currently need to manually reconcile payments made or received.

Due to the speed and ease of completing the bank reconciliation using this SuiteApp, most of the 900+ NetSuite customers using the app reconcile within minutes every day to ensure their business-critical reporting is live and accurate.

Key Benefits

• Seamless, Real-Time Integration Between Your Bank and NetSuite
  • With Bank Connectivity in ZoneReconcile, you eliminate the need to download bank statements manually. Instead, bank transactions are securely fetched directly from your bank and synced into your NetSuite instance automatically.
• Reconcile Your Bank Accounts in Minutes, Save Hours Every Day
  
  • Never manually create a bank transaction again - all transactions are created and reconciled automatically from your statement or bank feed.
  • Auto-matching reconciles based on date, amount, reference etc.
  • Eliminate errors, increase control and improve reporting without having to do a thing
• Automate any Area of Your Business Where You Manually Reconcile Transactions
  
  • Manage multiple companies, accounts, currencies and formats
  • Also compatible with credit card statements and expense reports
  • Payment gateway integration including PayPal and Adyen
• Empower Your People to Use Data Rather Than Enter It
  
  • People weren't born to re-enter data into systems, don't make them!
  • Free your people to add value and drive innovation by using data rather than manually entering it into NetSuite.
  • Reconcile within minutes every day to ensure your critical reporting is based on accurate bank balances
• Affordable, Easy to Install & Easy-to-Use
  
  • Remote installation within a few hours
  • No new interface to learn
  • Licensing based on number of bank accounts managed
    
    

Features

Bank Connectivity

Bank Connectivity in ZoneReconcile automates the flow of financial data from your bank to NetSuite - enabling fast, error-free data sync, real-time cash visibility, and scalable operations across entities and currencies.

Automate Bank Transaction Entry & Reconciliation

ZoneReconcile imports your bank statement file and performs an auto-matching procedure within NetSuite. Money received will generate payment transactions against customer invoices, whilst payments made are linked to bills, journals and other expenses based on auto-matching rules. Suggested transactions for any unmatched lines are visible with one click within your bank reconciliation screen.

Almost all file formats are supported including CSV, CAMT.053, CAMT.053E, CAMT.054, MT940, OFX, QIF, N43 and various country specific formats. If you use a format we do not support as standard, we can configure our app as required.

Click of a Button Resolution to Complex Scenarios

Foreign currency payments, consolidated or split payments and payment differences can all be processed with the click of a button, greatly enhancing standard NetSuite functionality and dramatically reducing the time required for users to reconcile transactions. Ad-hoc transactions such as card payments or bank interest gains can also be easily created on-the-fly.

Reconcile Credit Cards & Payment Gateways Including PayPal and Adyen

Automated reconciliation is not restricted to bank accounts. Using off the shelf configuration options, you can easily automate the reconciliation of any transitions in your business including credit card providers or payment gateways.

Direct Debit Reversals

If you use Direct Debits to take payment from customers, payments can sometimes be reversed. ZoneReconcile auto-matches Direct Debit reversals and posts them correctly in the General Ledger as a new transaction type called "Direct Debit Reversal". This process automatically re-opens the original invoice and populates the reason for reversal, allowing you to use standard NetSuite workflows to alert users, automatically re-apply for payment, or chase the customer in person.

Multi-Line Journals

Easily allocate one payment in your bank to multiple GL Accounts in NetSuite with the click of a button.

Interested in learning more about Zone&Co and looking for more information?