camt.053

An ISO 20022-compliant, structured XML bank statement (camt.053) for the automated processing of account movements and balances by companies.

Detailed explanation/description:

Detailed functionality, purpose and context in SAP Business One
camt.053 provides detailed journalised bank statement data including amounts, posting date, posting code, identification data such as EndToEndId or Mandate ID. The data is directly suitable for automated import via bank statement mapping in SAP Business One.
Integration into business processes
Bank provides bank statement file in XML format. SAP reads camt.053 file via XSLT transformation, transfers postings and automatically allocates them to open items.
Relevant modules and functions
Bank statement processing/posting module (FI bank book), payment module (automatic reconciliation), treasury functions.
Concrete application examples
An ERP system imports camt.053 files daily, synchronises payments and uses structured references for automated posting.

Key features/important aspects:

Part of the ISO 20022 standard, XML-based and highly structured
Contents: Group header, statement part with opening/closing balances, booking entries ("Entry") with booking code, amount, date, reason for payment
Unlimited remittance info: structured (Strd) and unstructured (Ustrd) purposes incl. EndToEndId, Mandate ID
Multi-currency support, fees, interest rates and transaction hierarchies
Supports collective bookings and Partial payments

Note on the Versino Financial Suite:

the Versino Financial Suite offers optimised integration for camt.053 files in SAP Business One. It supports the convenient processing of XML bank statements and enables extended automatic payment reconciliation, including intelligent allocation based on structured payment references.

Target group:

Accountants, key users, project managers & consultants who want to integrate bank statements automatically into SAP Business One and organise payment reconciliation efficiently.