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Auto clearing of bank open items via MT940 statements


I am currently working on a project for Electronic bank statement automation in SAP via MT940 , the idea is to automate bank statement upload via swift and then auto clear the entries into AR/ AP / General ledgers

I am struggling to find an efficient way to establish the existing GL mappings and BC codes used in current bank format which can then be used to link with Mt940 formats , please can some one help and share experience



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  • Hi Rinki,

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Related questions

3 Answers

  • Posted on Jul 25, 2020 at 05:26 AM

    Hello Rinki Agarwal

    The document provided by Narasimhulu Konnipati is a good starting point for setting up EBS for MT 940. In addition to the same, please pay specific attention to the rules you set up for customer incoming payments which can also clear customer postings automatically using EBS. The below blog should be very useful

    Another big help to set up auto clearing in EBS is the set up of search strings. The below blogs should be very helpful

    If you are already on S/4HANA 1709 or upwards there are innovations in cash applications which should be used as well using ML, where the open items can be cleared based on historical data using ML and without extensive configurations. The below blog could be your starting point:

    I would strongly recommend using the ML Application as it will make the life of a cash collection associate really easy !!

    Thanks & Regards

    Sanil Bhandari

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  • Posted on Jul 24, 2020 at 04:57 PM
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  • Posted on Jul 25, 2020 at 03:55 PM

    Dear Rinki Agarwal, I have answered the similar question in the below link, hopefully this will help you to understand the logic for getting GL and mapping the GL for exiting accounts.


    Sandip Kurewar

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