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 300+ customers globally, Bank Reconciliation by Fast Four gives you greater control, better visibility and allows your users to focus on using your data rather than entering it.

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 300+ customers globally, Bank Reconciliation by Fast Four 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

The Bank Reconciliation SuiteApp from Fast Four 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, Fast Four Bank Reconciliation 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 300+ NetSuite customers using the app reconcile within minutes every day to ensure their business-critical reporting is live and accurate. 

Key Benefits

  • 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

Customer Quote:

I loved this tool since the first time I used it. The configuration is easy - thanks to the great instructions provided by Fast Four. The tool is very user friendly and covers most of the issues that can be met during the bank reconciliation process. During the last years, the tool has improved significantly. I advise all companies using NetSuite, to add this.

Automate Bank Transaction Entry & Reconciliation

The Fast Four Bank Reconciliation SuiteApp 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, Comp53, MT940, OFX, QIF 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. The Bank Reconciliation app from Fast Four 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.

FastFour exists to help customers get the best out of NetSuite. We do this by developing affordable SuiteApps which remove unnecessary manual and paper-based processes within your existing NetSuite set-up. Our SuiteApps are all developed specifically for NetSuite, within NetSuite, and driven by existing NetSuite customer challenges - so you can be sure that they work in the real world.

Fast Four have won numerous NetSuite awards, including "International SuiteCloud Partner of the Year 2017". All of our apps are "Built for NetSuite" Certified and to date are helping 500+ customers around the world to grow their business by improving efficiency, agility and visibility throughout their business.

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Based on 2 Reviews

Most Helpful Reviews

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Great tool for bank reconciliation

I loved this tool since the first time I used it. The configuration is easy – thanks to the great instructions provided by Fast Four. This tool is very user friendly and covers most of the issues that can be met during the bank reconciliation process. During the last years, the tool has improved significantly. I advise all companies using NetSuite, to add this.

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Essential extension for Netsuite ERP in Germany

We have been working with the Fast Four Bank Reconciliation for six months and it has been a critical component of our Netsuite system. The Fast Four solution offers automatically created payments and journal entries in Netsuite hence, it is indispensable for any users in Germany. The tool significantly automates the process by creating transactions that would otherwise need to be entered by hand. Due to the highly customisable matching rules, 90% of bank statement positions are automatically processed without any user intervention. The tool is especially usefull with our PayPal account and eCommerce as it can match the payments based on a custom Netsuite field containing the payment reference. The support from Fast Four is also responsive and helpful. In any case this was the right decision for us.

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