Automatic Comparison

To carry out an automatic comparison, you must select the Automatic archiving parameter. The system then tries to find a matching payment advice for each bank statement you select. The selection criteria for payment advices are also used here.

The system archives the payment advices found and prints out an archiving log.

The following criteria must match the electronic bank statement so that the system can find the appropriate payment advice and archive it automatically.

  • Company code

  • Bank account

  • Currency

  • Business area

  • Value date of the posting and

  • Planning date of the payment advice

The amount does not necessarily have to match. You can specify a maximum difference between the bank statement amount and the planned amount. The system will accept and automatically archive any payment advices that do not exceed the difference you specify, providing the above criteria have been met.

After the program has been run and the payment advices have been archived, the system issues a list which you can use to manually compare the payment advices and bank statements the system could not match.

The archived payment advices and the bank statements belonging to them are no longer contained in this list.