Bank Statement Lines

Bank Statement Lines

So many codes in the lines that are there in a Bank Statement. It contain lots and lots of meaningful information that can help automated many tasks. Explore more!

Bank Statement Lines
Given below are the types of transactions that generally constitute a bank statement-

  • Payments
  • Receipts
  • Cashflows
  • Miscellaneous transactions
  • Each transaction is further supported with additional information.

The typically available information is could be of the nature shown here.

This additional information is very critical for automated reconciliations as you will notice in the upcoming articles.

Additional Information

  • Line number
  • Transaction type
  • Transaction Date (bank transaction date)
  • Amount
  • Bank transaction code
  • Bank transaction identifier (such as the payment or deposit number)
  • Currency information (currency code, original amount in transaction currency, exchange rate)
  • Value date
  • Agent (customer or supplier)
  • Agent bank account
  • Comments
  • User-defined additional information
Bank Statement Lines

cashmgmt

Related Links

You May Also Like

  • Account Reconciliations– Why?

    Account Reconciliations– Why?

    In the previous article we talked about the meaning of the account reconciliations. Now as you now the definition of account reconciliation, in this article let us see why it is carried out.

  • Cash Clearing – Accounting Entries

    Cash Clearing – Accounting Entries

    The Cash Clearing process enables you to track amounts that have actually cleared your bank. Learn the steps and accounting entries that gets generated during the cash clearing process.

  • Treasury Management - Functions

    Treasury Management - Functions

    Treasury management has become an specialized function. Treasury function helps in managing the Risk-return profile as well as the tax-efficiency of investment instruments. In larger firms, it may also include trading in bonds, currencies and financial derivatives. Learn about the various tasks, activities and imperatives, undertaken by treasuries in in today's context.

  • Treasury Management Systems

    Treasury Management Systems

    Technology has enabled the treasury function by providing various solutions to manage it's complicated tasks. This article explains various types of treasury management systems available in the market.

  • What is Invoice to Cash Process

    What is Invoice to Cash Process

    In this article, we will explore the business process area known as; Invoice to Cash; Also known as I2C. Learning objectives for this lesson are: Meaning of Invoice to Cash Process; Sub Processes under Invoice to Cash; Process Flow for Invoice to Cash; Key Transactions Fields; Key Setups/Master Data Requirements.

  • Cash Management Process

    Cash Management - Process

    How the inflow and outflow of cash is linked to the operating cycles of the business? Learn the cash management process in an enterprize and it's key components.

  • Bank Reconciliation Process

    Bank Reconciliation Process

    Bank Reconciliation is a PROCESS to Validate the bank balance in the general ledger With Bank Statement. Learn the bank recon process.

  • Account Reconciliation – How?

    Account Reconciliation – How?

    Account Reconciliation – How? Learn the three key attributes to perfom account reconciliation.

  • Treasury Management

    Treasury Management – What?

    The terms Treasury Management and Cash Management are sometimes used interchangeably, while, in fact, the scope of treasury management is larger and includes funding and investment activities as well. Learn all about Treasury Management here!

  • What is Cash Management

    What is Cash Management

    The topic for this lesson is "Introduction to Cash Management Process". We start with the learning objectives for building requisite functional expertise in cash management process.

Explore Our Free Training Articles or
Sign Up to Start With Our eLearning Courses

Subscribe to Our Newsletter


© 2023 TechnoFunc, All Rights Reserved