Set up a bank statement import.
Import bank statements through the data entity framework.
Three typical bank statement formats are supported in Finance: ISO20022, BAI2, and MT940.
The functionality can be extended to any format.
Set up a number sequence to use for advanced bank reconciliation and define the bank reconciliation matching rules. A reconciliation matching rule is a set of criteria that is used to filter bank statement lines and Finance bank transaction lines during the reconciliation process. Depending on your business practice, you can set up more than one matching rule to automate and optimize your reconciliation process.
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