1. Order Management
  2. NetSuite Pay
  3. Automated Settlement Reconciliation for NetSuite Pay
  4. Setting Up Settlement Fees

Setting Up Settlement Fees

Create fee setup records as part of automated settlement reconciliation.

To set up settlement fees:

  1. Go to NetSuite Pay > Daily Settlement Batch > Settlement Fee Setup.

  2. To create fee setup records, click New Versapay Settlement Fee Setup.

  3. Enter a Fee Type Name for the record. Use a name that identifies the subsidiary being used for this setup fee record. The name must include one of the following:

    • (fees)

    • (interchange)

    • (network)

    • (payfac)

    Examples:

    • Wolf Electronics Fees (fees)

    • Wolf Electronics Interchange (interchange)

  4. Select the GL Account for the fees. This must be an expense account.

  5. (Optional) Populate the department, class, and location if they are required for your journal entries.

    Tip:

    To determine if department, class, and location are required on the default form, go to Transactions > Financial > Make Journal Entries.

Related Topics

General Notices