Electronic bank statements

The banks can send you an electronic statement of payments made and direct debits and other amounts received, rather than a paper report.

All actions required for converting, validating, matching, and posting the electronically received bank statements, can be performed from within a single session:

  • Bank Statement Workbench (tfcmg5610m100) ( Infor Web UI)
  • Bank Statement (tfcmg5610m000) ( Infor Workspace)

Alternatively, you can use the sequence of electronic bank statements sessions described below.

To process electronic bank statements:

  1. Convert Electronic Bank Statements (tfcmg5202m000)
    Convert the received bank file to a format that LN can process. LN stores the converted bank statement files in the directory you specified for the related bank in the Path For EBS Archive field of the Bank Relations (tfcmg0510m000) session. In the Pathname EBS File field, you must add the file name. To add the current date to the file name, append a tilde (~) to the file name.
  2. Convert Electronic Bank Statements (tfcmg5202m000)/ Bank Statements (tfcmg5510m000)/ Bank Statement Lines (tfcmg5511m000)
    Validate the converted electronic bank statement.
  3. Match Bank Statements (tfcmg5210m000)

    Automatically match as many of the imported statements (status Validated) as possible with open items. LN can match the statements with the sales invoices, purchase invoices, and anticipated payment documents.

    You can select one of these matching options:

    • Match - Surplus on Aging / Unallocated ( Default value)
    • Match - Surplus on Unallocated
    • Match - Surplus to be allocated Manually

    In addition to the matching options, you have these payment options:

  4. Matching Results (tfcmg2500m100)
    Review the results of the matching process.

    To handle an unmatched amount, you can do either of the following:

    • Manually add an unallocated payment or receipt line.
    • Reconcile the surplus with remaining open entries of the business partner.
  5. Post Bank Statements (tfcmg5210m100)
    Post the bank transactions to the General Ledger.
  6. Update the business partner bank account number and other details in the Bank Account by Pay-by Business Partner (tccom4115s000) session, based on the details read from the bank statement file.

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