Infor LN & Baan Tips & Tricks for FINANCE: Use of Electronic Bank Statements

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

• Bank Statement Workbench (tfcmg5610m100)
• Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps 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 specified 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. Validate Bank Statements (tfcmg5202m000 / tfcmg5510m000 / 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 sales invoices, purchase invoices, and anticipated payment documents.

   Matching Options:

   • Match - Surplus on Aging / Unallocated (Default value)
   • Match - Surplus on Unallocated
   • Match - Surplus to be allocated Manually
   • Allow Underpayments
   • Use Payment Difference Tolerance
      

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

   To handle an unmatched amount, you can:

   • 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.

   Update the business partner’s 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.
    

Kathy BartheltKathy Barthelt

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