How are reconciled transactions marked in NetSuite?

In NetSuite, reconciled transactions are marked as cleared automatically to signify that they have been matched against bank statements or other financial records, indicating that they have been verified and are accurate. This automatic marking helps keep reconciliation processes efficient and accurate, ensuring that financial tracking and reporting remain up-to-date.

By marking transactions as cleared, it allows users to have a clear view of which transactions still need to be reconciled, reducing confusion during the reconciliation process. This functionality is crucial in maintaining financial accuracy and streamlining accounting operations in NetSuite.