How to Set Up & Configure the NetSuite Bank Feeds SuiteApp

In this blog, we will teach you to set up and configure the NetSuite Bank Feeds SuiteApp step by step. First, you need to meet a few requirements, such as being on release 2020.1, having custom records enabled, as well as client and server-side SuiteScript.  You verify this by navigating to:

Setup > Company > Enable Features

Enable Features

Setup > Company > Enable Features > SuiteCloud > SuiteBuilder

(Make sure Custom Records is checked)

SuiteBuilder custom records

Setup > Company > Enable Features > SuiteCloud > SuiteScript

(Make sure both options under this section are checked)

SuiteScript checked

Assuming you meet those requirements, you need to navigate to

Customization > SuiteCloud Development > SuiteApp Marketplace

SuiteApp Marketplace

Type in “Bank Feeds” in the search and chose the SuiteApp from Oracle NetSuite & click Install.

Bank Feeds suiteapp

Bank Feeds suiteapp netsuite

While the install is running, take a moment to verify that you have set up the relevant corresponding bank accounts (Checking, Savings, Credit Cards) in the Chart of Accounts.  The install will take approximately 30 minutes to run.  If you try to do anything before that amount of time has elapsed, it may end up giving you errors.

Lists > Accounting > Accounts

Accounts list

You will also need to make sure that you have checked these accounts to be reconciled via the account statement pages (this page is new and will replace the previous Reconcile Bank Statement and Reconcile Credit Card Statement pages in the future).

account statement pages

Conclusion

The purpose of this blog was to teach you to set up and configure the NetSuite Bank Feeds SuiteApp step by step. If you would like to learn more about what this SuiteApp can do for you, visit our article – “NetSuite Release 2020.1 – The Bank Feeds SuiteApp”. If you need any help or guidance on setting up this or any other NetSuite SuiteApp, NetSuite Bundle, or 3rd party Integration, please reach out to our BOLDCommunity!Our knowledgeable BOLDEnthusiasts will be able to help get you connected and running! Happy configuring!

Get in touch: sales@alphabold.com

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