CODA Bank Statements

The Coded Statement of Account (CODA) is a national banking standard, designed by the Belgian Banker's Association, which allows you to automatically process electronic bank statements.

Each type of transaction in a CODA statement is assigned a unique code. Business Central uses this code to interpret transactions and apply them to the corresponding ledger entries.

Applying Statement Lines

When you have imported a CODA statement, you can apply the statement lines to existing ledger entries, based on the information in the Transaction Coding table.

If the transaction coding of the statement line is not found, Business Central will stop processing and continue with the next statement line. If you select the Default Posting field, the statement line will be used as a default posting.

If the transaction coding of the statement line is found, the statement lines will be matched to the following account types and corresponding account numbers:

You can run the process as many times as you like. Only statement lines with a blank application status will be applied.

When you have applied all statement lines to a general ledger account or to a matching customer ledger entry or vendor ledger entry, you are ready to post the CODA statement lines. For more information, see Automatically Transfer and Post CODA Statements.

See Also

Belgian Electronic Banking
Set Up Bank Accounts for CODA
Set Up IBLC-BLWI Transaction Codes
Import CODA Statements
Apply CODA Statements
Create Financial Journals
Automatically Transfer and Post CODA Statements
Manually Transfer and Post CODA Statements



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