In the same way as you receive your account statements, you can also get a CODA file every day of the week. This is an account statement laid out for accounting and financial use. The file contains the transactions performed on your various accounts, currency by currency, ready for download.
How does it work?
- Each transaction performed on your account is identified within a structured format using unique codes and compliant with Febelfin standards.
- Your IT system recognises the contents of the statement and can import them automatically under specific headings in your accounts or cash management system.
- The file may contain purely financial transactions (costs, sundry movements) but also details of payments and collections, debits and credits:
- Details of acceptance giros;
- Unpaid direct debits;
- It’s up to you to choose which accounts are included in the reporting. You can also include details of global movements or request these details in separate files (acceptance giros, POS credits, unpaid direct debits, etc.).
- A CODA report is generated each evening (apart from Sunday: the report for Saturday is linked to that of the following Monday) or only when a transaction has been registered on the account.
- Automation: you no longer have to enter your statements manually in your accounting system.
- Standardisation of the data in your statements to facilitate automatic transfer to your accounting software and reconciliation (e.g. between your invoices and payments by your clients).
- Enhanced reporting and statistics.
- Tracking of movements on the accounts you choose to track.
- Wide range of CODA reports.
- Accessibility via several channels: CODA files are accessible in Easy Banking Business, Isabel, Connexis Cash, SwiftNet FileAct and E-Link.
Good to know
- This is end of day reporting.
- Each account has a CODA file.
- CODA files can be generated for:
- Current accounts (euro and other currencies);
- Savings accounts;
- Fixed-term deposits.
- This end of day reporting is also available in XML and Swift format.
- At your request, Swift messages relating to foreign bank statements (MBR IN) can be translated into CODA format.