Novulo Finance components allow for reading and interpreting Bank statements. They are part of the finance components and strongly interact with the Novulo Finance: Doubly-entry bookkeeping entries and components generic components.
Components for bank statements
To use bank statements, the core component is M3439.
Additionally, the following components can be useful depending on desired functionality.
- M3926 allows for linking documents to bank statements
- M9053 makes the bank statement functionality suitable for a multi-currency set-up
- M10733 allows for selecting cost centers straight from the bank statement
- M10734 allows for selecting cost carriers straight from the bank statement
Bank statements are closely related to the N_Expected transaction-records originating from the core component: M3161
This component also has various optional additions including
- M4683 to create expected transactions without any form of invoice-based discount and M4680 without invoice-discount.
- M3665 to link purchase invoices with expected transactions.
Process flow and functionality of bank statements
The bank statement components allow for uploading Bank Statements and processing them in the application.