How to Segregate Bank Interest and Bank Interest Income in MT940 with Same Transaction Code — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to Segregate Bank Interest and Bank Interest Income in MT940 with Same Transaction Code

in Payables, Payments & Cash Management 2 comments

Hi,

Please, could you check the following concern:

In the MT940 bank statement, both Bank Interest and Bank Interest Income are using the same transaction code, but they need to be posted to different offset accounts through "Manage Bank Statement transaction Creation Rules" . Since the system does not allow duplicate transaction codes, how can we segregate them?

Example,

The transaction code NINT is used in the MT940 bank statement for both:

  • Bank Interest Expense
  • Bank Interest Income

Thank you.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!