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
Related Links
You May Also Like
-
The Cash Management component ensures that the enterprise has sufficient liquidity for payments that are due and to monitor payment flows. Learn how treasury plays an important role in cash management for the enterprise.
-
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.
-
Have you ever wondered what is actually a Bank Statement and why it is needed. What is the information that is available in a bank statement?
-
Cash Management - Integrations
Cash Management integrates cash transactions from various sources like Receivables, Payables, Treasury and creates reconciliation accounting entries after matching transactions with Bank Statements.
-
Many different accounts are used in finance. Understand the representation and nature of clearing account in context of accounting, finance and ERP Systems.
-
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!
-
Introduction to Cash Clearing Process
Unravel the mystery behind clearing accounts. Learn why clearing accounts are used in finance and accounting. Learn why so many clearing accounts are defined in ERPs and Automated Accounting Systems.
-
Introduction to Bank Reconciliation Process
These set of articles provide a brief introduction to Bank Reconciliation Process. This topic not only discusses the meaning of bank reconciliation process but also discusses how this process in handled in new age ERPs and Automated Reconciliation Systems.
-
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.
