Automatic Bank Reconciliation

Hi All,

I want to know that how compatible and do the SWIFT MT940 file support and process successfully for Auto Bank Reconciliation (AP & AR)

If yes,

1) What criteria required to match the Bank file with JDE payment and receipt records.

2) Mandatory code and jde fields mapping.

3) which types of transactions can be reconciled (cash, manual entry (JE), payment with cheques, payment  without cheques, Receipts via cheques, NEFT)?

4) Whether AR and AP can be reconciled simultaneously?

Please reply on priority.

with warm regards