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Accounting Expert Series: NetSuite Integration

Orders and refunds are flowing into NetSuite but there’s not an easy way to match the cash sale (or customer deposit) to a payout in the bank account. The challenge comes from both the complexity and volume of transactions for a typical ecommerce merchant.

‍We see teams solving this in two ways today:

1) Investigating each payout and manually matching each order to a bank settlement in order to clear out the holding account. In a time of limited resources, this can be an extremely expensive, monotonous, and time-consuming task.

2) Not matching each cash sale to a payout and instead booking top-side journal entry to clear the holding account and reconcile the bank account. This approach makes it difficult to find and correct errors in key financial figures and identify areas of cash loss.

Let us show you how Blue Onion can help solving this challenge with our NetSuite Integration.

Mar 22, 2023 01:00 PM in Eastern Time (US and Canada)