Accounts Receivable Automation for Banking Integration

The Accounts Receivable Automation for Brazil feature facilitates the integration of electronic bank payments within NetSuite. This capability allows users to create sales transactions linked directly to banking integrations and manage receivable payments effectively, reducing manual effort in generating and sending payment files.

How Does Accounts Receivable Automation Work?

Using the Brazil Banking Integration SuiteApp, users can implement efficient payment methods such as bank slips and Pix for handling accounts receivable. This SuiteApp eliminates the traditional requirement to manually generate, send, and import payment files to record receivables when communicating with Banco do Brasil.

Supported Payment Methods

The integration supports:

• Bank Slips: A widely used payment processing method in Brazil, allowing customers to pay invoices through a slip.
• Pix: A modern instant payment solution that enhances customer transaction experiences.

Adding Banking Integration Information to Invoices

To ensure that the banking integration operates smoothly when receiving payments, it’s crucial to include specific banking details in invoices. Here’s how you can add this information:

1. Navigate to the invoice creation screen via Transactions > Sales > Create Invoices.
2. For existing invoices, go to the list and click Edit next to the relevant invoice.
3. Under the Billing subtab, fill in the Bank Account Details for Banking Integration field with the desired bank record.
4. Select the appropriate Payment Method for Banking Integration: Boleto com Integração Bancária for bank slips or Pix com Integração Bancária.
5. Click Save to finalize the update.

Processing Accounts Receivable Payments

After setting up the invoices with banking integration details, you can process the receivable payments using the following steps:

1. Go to Transactions > Bank > A/R Automation for Brazil > New.
2. In the Subsidiary field, choose the subsidiary linked to the receivable payments.
3. Select the Bank Account Details associated with these payments.
4. Define the date range in the Period field.
5. In the Type of Operation, choose your action:
   • Receivable Creation: To create or register payments for bank slips or Pix.
   • Receivable Due Date Change: To adjust the due dates of existing payments.
   • Receivable Write-off: To cancel specific payments.
6. Lastly, pick the payment method(s) relevant to the transactions.

This structured approach ensures that your accounts receivable processes align with Brazil's banking regulations, leveraging automation to enhance efficiency.