Configuring NetSuite for Bill Pay

Bill Pay offers seamless integration with NetSuite. Automatically sync bills and payments with Float's NetSuite accounting sync.

Guide Overview

Connecting NetSuite to Float 

Setting Up NetSuite Bundle for Bill Pay

Create CAD & USD Accounts Payable (AP) accounts in NetSuite

Create CAD & USD Clearing accounts in NetSuite 

Choosing your CAD & USD AP and Clearing accounts in Float 

How to Enable Unpaid Bills Importing from NetSuite

Connecting NetSuite to Float

To connect your NetSuite account to Float, see the guide below:

NetSuite Integration Guide

Setting Up NetSuite Bundle for Bill Pay

To use Float's Bill Pay product with your Float NetSuite integration, you’ll need to install or update the Float Integration NetSuite bundle.

For detailed instructions on the installation process, please see here: Updating your NetSuite bundle to use Float Bill Pay

Create CAD & USD Accounts Payable (AP) accounts in NetSuite

This account tracks all unpaid bills. 

How to create an Accounts Payable (AP) account in NetSuite:

1. Head into Lists > Accounting > Accounts > New > click Continue
2. Type in the following details:
   1. Bank Name: Float Bank Account (or any name you prefer)
   2. Account Name: Float Balance CAD/USD (or any name you prefer)
   3. Account Type: Accounts Payable
   4. Account Class: Liability
   5. Account Number: It can be any number (e.g., 123456)
   6. Currency: CAD/USD
3. Click "Save and Close" to save

Please note: You will need to create both CAD and USD clearing accounts in NetSuite if you spend in CAD and USD.

Create CAD & USD Clearing accounts in NetSuite

This account helps reconcile payments after they've been made.

How to create a Clearing account in NetSuite:

1. Head into Lists > Accounting > Accounts > New > click Continue
2. Type in the following details:
   1. Bank Name: Float Bank Account (or any name you prefer)
   2. Account Name: Float Balance CAD/USD (or any name you prefer)
   3. Account Type: Bank or Credit
   4. Account Number: It can be any number (e.g., 123456)
   5. Currency: CAD/USD
3. Click "Save and Close" to save

Please note: You will need to create both CAD and USD clearing accounts in NetSuite if you spend in CAD and USD.

For more details, see the guide below:

NetSuite Integration Guide

Choosing your CAD & USD AP and Clearing accounts in Float 

Clearing Accounts:

• Make sure that the Clearing Accounts you set up are linked correctly in Settings > Accounting Sync > In the "NetSuite" section, select your CAD and/or USD Clearing Accounts from the drop-down menu

AP Accounts:

• After linking your Clearing Accounts, go to Settings > Bill Pay Settings > Scroll to "Account Systems Settings" > Select your CAD and/or USD AP Accounts from the drop-down menus

How to Enable Unpaid Bill Importing from NetSuite

To enable this feature in Float:

1. Log in to Float as an Administrator and navigate to Bill Pay > Settings
2. Toggle on "Import Unpaid Bills from NetSuite"

Once enabled, Float will automatically pull in your unpaid bills once a day. You can find them in the Unpaid tab on the Bill Pay page.

For more details, see: Importing Unpaid Bills from your Connected Accounting Software