Reconciling Bank Statements More Efficiently in SAP Business One

Reconciling a bank statement is an important step to ensure that your checking account balance is correct. The process includes many steps and cost plenty of time. The Bank Statement Processing in SAP Business One enables you to increase efficiency and save time.

To active Bank Statement Processing, go to Administration > System Initialization > Company Details > Basic Initialization tab and click the “Install Bank Statement Processing” checkbox.

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Please notice, the process is irreversible and will remove the existing Payment Engine add-on from this database. Once you make sure of this point, click “Yes”.

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A new form named “Bank Statement Processing” will show up under Bank menu. Here you may view and process the transactions written for the given bank account.Reconciling-Bank-Statements-More-Efficiently-in-SAP-Business-One-3