NetCash Automation Rule Overview

Overview

NetCash is designed to streamline and automate the bank reconciliation process. To support this, it includes automation rules that match or create transactions without requiring manual intervention. NetCash offers three types of automation rules: 

1. Auto-Matching - This rule type applies to transactions already recorded to cash. It uses defined criteria to match incoming bank transactions to existing general ledger entries. It is commonly used when third-party systems handle the booking of bill payments or customer payments in NetSuite.
2. Cash Application - This rule type applies to open NetSuite transactions like Invoices and Vendor Bills. It uses defined criteria to match incoming bank transactions to existing open transactions. It then uses the NetCash Bank Transaction to create a Customer or Vendor Payment and applies that payment to the open Invoice or Bill. 
3. Create Transaction - This rule type applies to bank transactions that are not typically recorded through a bill or journal entry in advance (e.g., bank fees). The rule automatically creates the necessary bill or journal entry and matches it to the corresponding bank transaction.
4. Create Transfers - This rule type is used for bank transfers, where cash moves between two bank accounts on the same day. It can automatically record the transfer and match the generated general ledger transactions to the corresponding bank transactions.