Advanced Bank Reconciliation (ABR) reduces the bank reconciliation process from hours to minutes in a few quick steps. Auto-post your credit card bills on statement import.

Advanced Bank Reconciliation (ABR) reduces the bank reconciliation process from hours to minutes in a few quick steps. Auto-post your credit card bills on statement import.

Advanced Bank Reconciliation (ABR)

Advanced Bank Reconciliation speeds up the bank reconciliation process, while ensuring accuracy. It also supports auto-posting credit card bills on statement import and credit card gateway reconciliation.

Statement transactions are imported from the bank into NetSuite. Automated matching can be used to reconcile the majority of transactions with the minimum of effort. Flexible matching and grouping rules are user-definable, ensuring that they can be tailored to produce the most accurate results.

Key Benefits

  • Saves time - the reconciliation process takes minutes rather than hours 
  • Reduces errors - view transactions side-by-side and zone in on un-matched records
  • Less manual posting - Autopost GL transactions. Create templates to memorize transactions that get posted on bank statement or credit card statement import. 
  • Autopost AR transactions Inbound wires and ACH's can automatically be applied against open client invoices.

Formats

  • Works with all international bank statement formats
  • Reconciles multiple banks, bank accounts and currencies
  • Formats supported in both NetSuite and OneWorld
    • Credit Card Bill import, Merchant Gateway and PayPal reconciles also supported.
    • Auto-posts GL transactions from imported bank and credit card statements

    Save time

    No more bank reconciliation using Excel. Simply import your bank statement into NetSuite. User defined matching and grouping rules allow you to automatically reconcile your bank statement at the click of a button.

    Reduce errors

    View NetSuite GL and bank statement transactions side-by-side and identify discrepancies easily. After Automatching you can zone in on unmatched records without the clutter of ALL transactions.

    Increase efficiency

    Quickly and easily reconcile multiple accounts, banks, currencies and un-reconciled discrepancies. With Nolan Advanced Bank Reconciliation for NetSuite you can reconcile daily, weekly or monthly, making the bank reconciliation process more efficient.

    Reporting made easy

    View historical figures and access comprehensive reports for audit purposes.

    Auto-post GL and Payment Type Transactions

    Automatically post the GL transactions from imported statements. With the Nolan templates recurring transactions such as insurance can be automatically posted when the bank statement is imported. Also works for credit cards.

    Auto-apply and post inbound wires and ACH's to open client invoices. Using the template features, set-up rules to determine posting order for open invoices for each client.

    Nolan Business Solutions is an established NetSuite partner with a wide range of products which extend the standard Financials functionality of NetSuite. With experience of developing accounting and business applications for over twenty years we pride ourselves in the quality of both our products and accompanying services. Our commitment to excellence resulted in NetSuite acquiring the Nolan Fixed Asset module and incorporating it into the NetSuite core offering.

    With offices in the US, Canada, UK and Australia we are able to provide both sales and support services to our customers worldwide. We continually strive to deliver solutions which meet our clients’ requirements.

    Ratings & Reviews

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    Based on 6 Reviews

    Most Helpful Reviews

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    ABR app

    At Distribeauty Ltd we handle a high volume of bank transactions due to our ecommerce operations and were searching for a way to speed up and automate the laborious task of reconciling our bank and payment gateway accounts in NetSuite. Nolan’s Advanced Bank Reconciliation Suiteapp is ideal as it imports the statement files and automatically reconciles the transactions on the statement with those in the bank accounts in NetSuite. It supports multi-currency and has flexible, configurable matching rules. All this has resulted in a time saving of around 3 hours per day! The fact that it has the ‘Built for NetSuite’ badge gives comfort that it will be kept up to date with future releases of NetSuite.

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    Assistant COntroller

    Advanced Bank Reconciliation has been a life saver for us. It saves time and reduces end-of-month time pressure. Avoids manual work and secures the reconciliation process. ABR is a simple application that gives you fast and powerful data matching and reconciliation capability.

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    Credit Card Payment Reconciliation

    WE currently use Nolan Advanced Bank Reconciliation for both bank reconciliations and credit card payment reconciliations. It is a good product that makes these processes more efficient and accurate.

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    Nolan Advanced Bank Reconciliation for NetSuite

    We have been using the ABR solution for about 3 years now. The auto match feature saved us alot of time during month end. I would highly recommend this product to other NetSuite users.

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    Efficient, time-saving, User friendly

    Our company recently started using Nolan ABR for NetSuite and it has been a great experience so far. Set up was simple, understanding the workings were easy and customer support awesome. To give a background on our company - we have 5 different bank accounts and upwards of 2000 transactions in a month. The salient features of this software are below: 1) Multiple bank account statement upload at one shot 2) Extracting the GL details from NetSuite while importing the statement 3) Auto-match of checks using simple rule creation. We are in the process of setting up more rules to match A/R to invoices. 4) Creation of templates to auto-generate Journals for ACH debits. The great advantage apart from those mentioned above, if done on a daily basis, it helps forecast cash flow and make sound business decisions. Overall a great product which delivers what it promised.

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    Don't cringe at "bank reconciliations" - Nolan ABR solves accounting headache

    Do you cringe when someone says, “bank reconciliation”? I guess, it really depends on whether you have an accounting bend or not. While there are plenty of us out there who like to geek out on numbers, not all bank reconciliations are created equal. As one of the founders of the company, I remember the early days when I did them by hand. Well, almost. We selected NetSuite as the ERP for our business from the very beginning and the built-in tool worked well while we had 30 to 100 transactions per month. We would not have made it in business if that remained the case, but growth brought new challenges, that we did not count on. Our company, Weby Corp (www.webycorp.com), is an omni channel retailer in the outdoor sporting goods industry. Think of Cabela’s and REI having a child and that would be us. We operate several websites (Webyshops.com, 1800Gear.com, 1800GunsAndAmmo.com), several physical retail locations and we also sell on third party platforms, like Amazon and Ebay. As the business took off – we quickly went from reconciling several hundred transactions per month to having to reconcile 25,000. The process went from a couple of hours, to a couple of days, to almost 2 weeks. We knew there had to be a better way. We asked our NetSuite point of contact for any referrals and he put us in touch with Nolan. Diane Dunphy was tasked with guiding us through implementation process, that frankly we feared. Granted, we had a cumbersome way of doing reconciliations using NetSuite’s out of the box module, but at least it was familiar. Going with Nolan almost fell like jumping off the cliff without a parachute. In retrospect, the only thing I regret is not finding this solution earlier. Not only, was Diane able to get us up and running quickly, but she showed us where there was a break in our accounting processes. As a result, we could quickly address the issue and bring our books to the proper standard of reconciliation. Nolan software has been a game changer for us. What took days, now takes only hours. Any issues and discrepancies are easily flushed out and we can resolve them in minutes. We can report our financials to banks on time, which they greatly appreciate. The software is scalable and we feel that it will grow with us from our current level of handling 30,000 transactions per month to 50,000 or even 100,000. While much can be said about the software, I can’t say enough about Diana Dunphy from Nolan. In addition to successfully implementing Nolan for us, she has been a great resource for training and technical questions. About 6 months ago, we suffered tragedy, having lost our accounting manager, who was leading reconciliation efforts from our end. Diana took the time to help me get the process back on track, answering all my questions promptly and thoroughly. We set up a new process inside our company and this would not have been possible without Diana’s help. I can send her a quick email anytime, knowing that she will either have a quick answer or point me towards a solution. This level of software support is rare and is extremely valuable. I would highly recommend Nolan software to any company that is experiencing growth and is looking for ways to automate its reconciliation process. The subscription fee saves days of accounting time for us and is well worth it.

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