Credit Card Reconciliation
Credit card reconciliation is the process of comparing transactions recorded in a company's accounting records with those listed on credit card statements to ensure accuracy and completeness.
What is Credit Card Reconciliation?
Credit card reconciliation is the process of comparing transactions recorded in a company's accounting records with those listed on credit card statements to ensure accuracy and completeness. It involves matching individual credit card transactions to corresponding entries in the company's financial records, identifying discrepancies, and resolving any discrepancies through adjustments or corrections.
ZoneReconcile, a bank and credit card reconciliation app natively built for NetSuite, enables finance teams to upload credit card statements to NetSuite and automatically match transactions based on transaction details (e.g., date or amount) or create new transactions for approval.
