Advanced bank statement import

This document provides a comprehensive overview on how the various settings and processes of the advanced bank statement import are linked. It also focuses on the technical aspects and gives background information.

Audience

The set up involves technical settings that should be done very carefully. If you are not certain, contact your administrator or business partner. If you are in North America (NA), see the Appendix for details specific to importing AR Lockbox files.

What’s new

The advanced bank statement import process improves payment entry process by automating routine tasks such as matching transactions to open items. It still allows for manual matching and manual entry and you can suppress posting to a suspense account for certain match levels.

You have the option to import files through the advanced bank statement import process, including MT940, BAI2, CFONB, CAMT, and CSV files, and automatically export to the Bank statement reconciliation function (RAPBAN) to match transactions to open items and generate payments. See Bank import settings for details.

You also have the option to match transactions to existing payments without generating new payments.

Find out more

Refer to the online help for additional information regarding basic data and using the various functions outlined in this document.