NetSuite Inc., a prominent enterprise software company headquartered in Austin, Texas, specializes in providing cloud-based solutions tailored for small and medium-sized businesses. Established in 1998, NetSuite offers a comprehensive suite of applications designed to enhance and streamline business operations.
In the dynamic landscape of ERP software usage, challenges may arise, particularly concerning the accurate documentation of transactions. This becomes critical in scenarios involving online sales, where discrepancies in the ERP system can have significant repercussions.
Enter Cointab Reconciliation Software — a pivotal solution dedicated to streamlining your organization’s transaction reconciliation process. By ensuring the accurate reflection of all transactions, including those originating from your website, Cointab leaves no room for errors. In instances of discrepancies, the software promptly identifies and highlights inaccuracies, empowering your company to swiftly address and rectify any miscalculations, thereby safeguarding the integrity of your financial records.
Reconciliation of Net Suite ERP Results:
ERP with Website:
Found and Reconciled with Website Report:
Transactions are seamlessly reconciled in both website and ERP reports.
Less Amount Recorded in Website Report:
The discrepancy was identified where the website report shows a lower amount compared to ERP reports.
More Amount Recorded in Website Report:
The discrepancy was identified where the website report shows a higher amount compared to ERP reports.
Not Found in Website Report:
Transactions are present in ERP reports but are not reflected in website reports.
Cancelled Transactions:
These transactions are present in the ERP reports but have been cancelled.
Website with ERP:
Found and Reconciled with ERP:
Transactions reconciled in both ERP and website reports.
Less Amount Recorded in ERP:
The discrepancy was identified where the ERP reports show a lower amount compared to website reports.
More Amount Recorded in ERP:
The discrepancy was identified where the ERP reports show a higher amount compared to website reports.
Not Found in ERP:
Transactions are present in website reports but not reflected in ERP reports.
Cancelled Transactions:
Transactions present in the website reports have been cancelled.
ERP with Payment Gateway:
Found and Reconciled with Payment Gateway Report:
Transactions seamlessly reconciled in both payment gateway and ERP reports.
Less Amount Recorded in Payment Gateway:
The discrepancy was identified where the payment gateway report shows a lower amount compared to ERP reports.
More Amount Recorded in Payment Gateway:
The discrepancy was identified where the payment gateway report shows a higher amount compared to ERP reports.
Not Found in Payment Gateway:
Transactions are present in ERP reports but not reflected in payment gateway reports.
Cancelled Transactions:
Transactions present in ERP reports, but are cancelled.
Payment Gateway with ERP:
Found and Reconciled with ERP:
Transactions seamlessly reconciled in both ERP and payment gateway reports.
Less Amount Recorded in ERP:
The discrepancy was identified when the ERP reports showed a lower amount compared to payment gateway reports.
More Amount Recorded in ERP:
The discrepancy was identified where the ERP reports show a higher amount compared to payment gateway reports.
Not Found in ERP:
Transactions are present in payment gateway reports but not reflected in ERP reports.
