Import Electronic bank statements into SAP :

A TXT file is received from the bank which is then uploaded into the SAP system. The file contains details of the company’s bank movements e.g. cheques, bank interest, bank charges,cash receipts etc. Depending on the system configuration SAP will attempt to book these transactions automatically to the correct accounts to avoid the need for manual entries by SAP users. Any postings which the system cannot derive automatically can be booked through“post-processing”.