In the same way as you receive your account statements, you can also get an XML 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 by a unique code in the structured XML B2C CAMT (Bank to Customer Cash Management Message) format, which complies with international ISO standards (ISO 20022). The XML structure is based on the principle of tagging: each data element is surrounded by ‘tags’ that define it.
- Your IT system recognises the file. It can import it 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, and debits and credits relating to one or more accounts:
- Details of acceptance giros;
- Unpaid direct debits;
- You 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.). If a file is too large – i.e. larger than the size you have set in advance – it will be split into several files.
- An XML report is generated each day (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 XML reports.
- Accessibility via several channels: XML Camt.053 is available via Isabel, Connexis Cash, Easy banking Business, SwiftNet Fileact or E-Link and in two implementation directives:
- CGI (Common Group Implementation: business practice group hosted by Swift).
Good to know
- This is end of day reporting.
- An XML file can contain statements from several accounts.
- For your convenience, coding in accordance with Belgian CODA standards has been added alongside XML ISO coding.
- XML files can be generated for:
- Current accounts (euro and other currencies);
- Savings accounts.
- This end of day reporting is also available in CODA and Swift format.
- An XML file can be provided with a translated Swift foreign account statement message (MBR IN) in Connexis Cash, SwiftNet Fileact or E-Link.