Every NetSuite subsidiary, matched.
Payments, deposits and intercompany entries matched to each bank in its own currency, converted at the day’s rate.
What comes in from NetSuite
- Customer payments and deposits
With subsidiary, currency, exchange rate and the invoices they apply to.
- Journal entries
Including the intercompany entries that should net to zero across two subsidiaries.
- Bill payments
Paid by check, ACH or wire, with the bank account each one left from.
Why it won’t match on its own
Each subsidiary banks on its own
A German entity books in euros at its bank while the parent sees dollars. The same money has two amounts.
Rates never quite agree
NetSuite’s rate for the day and the bank’s actual conversion differ, so even a right match leaves a spread.
Intercompany has to net out
Both sides of an intercompany entry have to be found, in two ledgers and often two banks.
One rule, in plain words
Match NetSuite payments in euros to Chase deposits in dollars at the ECB rate on the deposit day.
payment × ECB rate = deposit, same day218 matched
What is left after conversion is the bank’s spread. It stays on the match as a visible difference, never booked away.
What Numerics works out
Every cross-currency match keeps its spread, so Numerics can add up what conversion really cost each entity.
You go run your business.
Bring a month of NetSuite records to the call. You’ll see them matched before it ends.