How does NetSuite reconciles credit card transactions?

AI generated answer (using internal Slack threads):

In NetSuite, credit card transactions are reconciled by matching the transactions recorded in NetSuite with the transactions listed in the credit card statement. Here's a general process: 1. Import the credit card statement into NetSuite. This can be done manually or by using a third-party tool. The statement should include details like transaction date, amount, and unique identifier. 2. Once the statement is imported, you can match the transactions with the ones recorded in NetSuite. This can be done in the 'Reconcile Credit Card Statement' page under 'Banking' in the 'Transactions' menu. 3. In the reconciliation page, you'll see two sections. On the left side, you'll see the transactions from the credit card statement that are not yet reconciled. On the right side, you'll see the transactions recorded in NetSuite that are not yet reconciled. 4. You can then match the transactions from both sides. NetSuite allows you to match transactions based on amount, date, and unique identifier. You can also manually match transactions if they can't be matched automatically. 5. Once all transactions are matched, you can complete the reconciliation. Any discrepancies between the statement and the recorded transactions need to be investigated and resolved. 6. After the reconciliation is complete, you can review the reconciliation report for any discrepancies or errors. Remember, the process might vary depending on your specific setup and requirements. It's also worth noting that some companies use third-party tools or add-ons to automate the reconciliation process. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******