what’s the best approach to convert Credit Card Bank Statements from bank feeds into Credit Card Transactions? Should I use a script or are there rules in Match Banking to automate this process?

AI generated answer (using internal Slack threads):

Based on the conversations, it seems that there are a few ways to handle the conversion of Credit Card Bank Statements into Credit Card Transactions in NetSuite. One approach is to use a Financial Institution script to connect with banks for Bank Feeds. However, this method might involve significant fees from the banks. Some banks like Chase and JP Morgan offer these tools, but they can be costly. An alternative could be using imports and exports of CSVs, which might be less costly and more flexible. Another approach is to use third-party solutions like Nolan Business Solutions, which offers a live feed for banks. This could automate the process and save time on manual bank imports. For importing Corporate Credit Card expenses into NetSuite, one method is to set up a credit card in the chart of accounts and use Expense Reporting (with Credit Card), followed by Bank Reconciliation. The Expense Report with a Credit Card doesn't require any payment. However, this method might not be user-friendly for C-level executives and might require the accounting/payable department to upload using CSV uploads for large expense reports. As for using rules in Match Banking to automate this process, the conversations do not provide any specific information. Therefore, it's recommended to explore NetSuite's documentation or community forums for more details on this. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******