ARCS Bank Statement Verification — Does it support previous day closing=current day opening check?
Hi all,
We are reviewing the Bank Statement Verification feature in ARCS Data Integration (introduced in 2024 for BAI files). Based on the documentation, it appears the check validates that:
Prior day’s closing balance ± current day’s transactions = current day’s ending balance.
Our business requirement, however, is slightly different — we also need a control to ensure that today’s opening balance = yesterday’s closing balance.
Questions:
- Can ARCS natively perform this opening = prior closing validation during bank statement loads?
- If not, is the recommended approach to handle this through the integration layer (e.g., OIC/ETL) before exporting to ARCS?
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