NetClose - Configuration Walkthrough

This walkthrough will provide a step-by-step overview of what you need to do to configure your reconciliation module within NetClose. Whether you're doing initial configuration, or adjusting what was initially set up to meet your needs, you'll find what you need here.

Rather than turning this into a monstrous article, we'll link you to several sub-articles that'll go into more depth if you need more information. Let's get started!

Step 1: Create Account Groupings and Assign Accounts to Them

You first need to decide which accounts in your chart of accounts you want to reconcile. Do this by creating account groupings, and then mapping your GL to those accounts. The "Creating New Account Groupings" and "Mapping Your Chart of Accounts into Account Groupings" sections of our Account Grouping Basic Configuration article will help you.

Step 2: Configure Your Account Groupings

With your accounts mapped into groupings, you can now configure your account groupings and set up the rules and criteria under which your accounts will be reconciled. The remainder of the Account Grouping Basic Configuration article will walk you through most of this, with some color added by the Account Grouping Subsidiary Configuration article if you have multiple subsidiaries you want to reconcile by.

Step 3: (Optional) Create Saved Searches for Reconciliations

One of the most powerful auto-reconciliation rules in NetClose's Reconciliation module is the ability to use the results of a saved search to automatically pull information and potentially auto-reconcile your account balance. The setup for this can be a little daunting, so there's an entire Auto-Reconciliation Saved Search Setup article dedicated to this.