Key points regarding Automated Cash Application
- We can import bank lines that do not have matching customer payments into NetSuite. The Automated Cash Application feature enables us to automatically generate a batch of customer payments in NetSuite and apply them to open invoices. These generated customer payments are then automatically matched and cleared in the system.
- The Automated Cash Application feature displays all imported bank lines with a positive amount for an account and assigns a customer to each transaction if a match is found.
- If a customer match is not found for a bank line and we want to generate a customer payment for it, we need to select a customer.
- When we select a customer, we can create a customer mapping rule that the system will remember and use for future incoming bank lines.
- If a bank line specifies invoice numbers, the system displays the specified invoices to which the payment will be applied. Otherwise, the system provides a list of suggested invoices to which the payment can be applied. The system automatically allocates payment amounts to invoices, which we can adjust as needed.