225513031 electronic banking and lockbox 052114

8/18/2019 225513031 Electronic Banking and Lockbox 052114

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© Copyright 2003 SAP Professional Journal

Essential Electronic BankingTools: Bank Statement and

LockboxQuentin Hurst – Virtuoso, LLC


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© Copyright 2003 SAP Professional Journal Slide

Wat We!ll Co"er

#nderstanding EBS and Lockbox

$m%lementing Electronic Bank Statement &EBS'

$m%lementing Lockbox

Wra%(u%

)%%endix: *ore EBS and Lockbox To%ics + )d"ice

Objective: Ex%lain -. and o- to im%lement EBS and Lockboxto el% .ou gain %rocessing and /inancial e//iciencies


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Wat We!ll Co"er




Wra%(#%




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Wat $s EBS0

)n Electronic Bank Statement &EBS' is a detailed

electronic "ersion o/ .our manual bank statement Eac da. .our bank can send .ou .our statement electronicall.

1our bank can send .ou EBS /iles -eter or not .ou use tem in 234

EBS /iles contain 5e%osits, 5isbursements, Ser"ice 6ees and otertransactions, as -ell as balance in/ormation

Te term 234 EBS re/ers to 234!s abilit. to im%ort and%rocess tese electronic statements 1ou can use te im%orted in/o to reconcile .our accounts

1ou can automaticall. %ost cecks, de%osits, etc7, to .our ledger

1ou can u%date .our account balances


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Wat $s Lockbox0

) Lockbox is a bank de%ositor. account to -ic

customers send teir %a.ments directl. &"ia a 89 box' Com%anies usuall. setu% se"eral Lockboxes around te countr.3-orld

1our bank can send .ou Lockbox /iles -eter or not .ou use tem in234

Lockboxes cutdo-n on te amount o/ time it takes to recei"e and clear

customer %a.ments ) /e- da.s o/ interest can reall. add u% /or maor cor%orations

Te term 234 Lockbox describes 234!s abilit. to im%ort and%rocess Lockbox de%osit re%orts /rom .our bank

1our bank transmits Lockbox statements ust like Bank Statements Te /ile is u%loaded into 234 Lockbox

234 u%dates .our bank balance and u%dates .our )32 subledger


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Wat $s Lockbox0 &cont7'

Corp HQ

= Lockbox


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Wat )re B)$ + B)$;0

B)$ is a standard %rotocol /or electronic excange o/

banking data in te #7S7 B)$ is a standard /lat /ile /ormat


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Wat )re B)$ + B)$;0 &cont7'

Te B)$3B)$; standard is used b. bot te EBS and

LockboxHo-e"er, te B)$; /ile /ormat and codes /or te EBS are

di//erent tan te B)$; /ile /ormat /or Lockbox /ile

Tis means tere is actuall. a uniue B)$; /ile /ormat /or

EBS and a uniue B)$; /ile /ormat /or Lockbox Tis can be con/using because te terms are tro-n aroundintercangeabl.7 E"en on te ---7bai7org -ebsite a searc /or B)$ orB)$; onl. brings back te EBS standards7

http://www.bai.org/http://www.bai.org/http://www.bai.org/http://www.bai.org/


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Exam%les 9/ B)$ 6iles &B)$; so-n'

@=,=;;@>>>>>,=;4DAF?>,?A@A;=,@;@@,=,A,,;3

@;,@4=@@=;4D,=;;@>>>>>>,=,?A@A;@,;4>,,;3@4,@=;4DAF?>,,@=@,D4@@@@,,,@D@,;?4@@@@,,33

??,@F;,=@;@@@@,,,@FD,@@@@@,,3

=A,;=?,;@@@@@@@,V,?A@A;;,,S8DF4?,12C@A4;=3

??,829CEE5S 96 LETTE2 96 C2E5$T 629* )2)*C9 9$L C9

=A,=>,=@@@@@@@,=,,,,3

??, SWEE8 629* 5E89S$T921 )CC9#,==?@@@@@@,43

>?,==?@@@@@@,=,3

>>,4DD@@@@,D,4=3

=@@18CC5EST$@@@>=;4@4=?@@@@;;=?@@@@;4=?@@@@;D

D@@=@@4A@=F=?@@@@;=?@@@@;A=?@@@@;F=?@@@@;?=?@@@@;>=?@@@@4@

D@@=@@DA@=>=?@@@@4=

F@@=@@@@=;4D>?=;=@=@@@@=@@@@@@

?@@=@@A@@=;4D>?=;=@@=@@@@=@@@@@@> =@@@@@@ =@@@@@@

>@@@@=@

EBS

Lockbox

2ecord t.%e

Transactiont.%e


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W. #se 234 EBS0

S%eeds u% reconciliation o/ .our bank statement


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W. #se 234 Lockbox0

1ou can automate .our )32 cas a%%lication %rocess


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Lockbox Limitations *.t

Some com%anies a"en!t im%lemented 234 Lockbox

because o/ its IlimitationsJ ILockbox doesn!t andle sort(%a.s -ellJ

ILockbox doesn!t andle deductions -ellJ

ILockbox doesn!t andle a single ceck %a.ing multi%le in"oicesJ

ILockbox as %roblems clearing te correct in"oicesJ

B)$; as addressed eac o/ tese IlimitationsJ Te original B)$ standard did a"e a ard time andling tese

scenarios

B)$; is "er. /lexible in andling sort(%a.s and deductions

B)$; su%%orts one ceck /or multi%le in"oices

B)$; is able to o"ercome tese limitations b. %ro"iding man. detaileda%%lication records %er ceck de%osit record in te /ile 9ne ceck can be related to te %a.ment o/ se"en in"oices7 Wit B)$; .ou

-ill be %ro"ided -it se"en detail a%%lication records instead o/ a singlea%%lication record -it B)$


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EBS and Lockbox 8rereuisites

)"ailable /rom "ersion 47x and u%


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Wat We!ll Co"er




Wra%(u%




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Te EBS Con/iguration Tool

Virtuall. all EBS con/iguration can be done in one tool

$*G: 6inancial )ccountingKBank )ccountingKBusinessTransactionsK8a.ment TransactionsKElectronic Bank StatementK*akeGlobal Settings 6or Electronic Bank Statement


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EBS $m%lementation Ste%s

Ste% = ( Con/igure 1our House Banks

Ste% ; ( 5e/ine and )ssign )ccount S.mbols

Ste% 4 ( Con/igure 8osting 2ules

Ste% D ( Con/igure Transaction T.%es

Ste% ( )ssign B)$ Codes to 8osting 2ules

Ste% A ( )ssign Bank )ccounts to Transaction T.%es


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Ste% = ( Con/igure 1our House Banks

Eac bank account tat .ou -ant to EBS(enable must be

assigned to a ouse bank Tis is basic con/iguration .ou!"e undoubtedl. done be/ore

$t!s te same con/iguration tat .ou use to set u% ouse banks andaccounts /or te )38 %a.ment %rogram $t is not %art o/ te EBS Con/iguration Tool

$/ .ou don!t assign te account to a ouse bank, .ou can!t use EBS ontat account

$*G: 6inancial )ccountingKBank )ccountingKBank )ccountsK5e/ineHouse Banks


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Ste% ; ( 5e/ine and )ssign )ccount S.mbols

)ccount S.mbols are mnemonic names tat re%resent one

or more G3L accounts S.mbols are used in Treasur.%ostings and subseuent EBS con/ig7 1ou can use -ildcards to re%resent numbers in te assignment

1our account s.mbols sould link to .our Bank )ccount G3L StructureLogic, since .our Bank )ccount G3L Structure %ro"ides .our %osting

and re%orting /rame-ork7 See te a%%endix /or more in/ormation

Exam%le: )ccount s.mbolCHECMS$< -ill re%resent allGL accounts beginning -it@@@@= and ending -it =


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Ste% 4 ( 5e/ine 8osting 2ules

8osting 2ules carr. out G3L and Sub(Ledger %ostings

Te %ostings rules .ou de/ine -ill automaticall. create ournal entriesin .our G3L and subledgers

1our business %rocesses and banking transactions -ill determine -at%osting rules .ou con/igure /or .our com%an.

) %osting t.%e Io%tionJ is assigned to eac rule

8ost To G3L 9nl. 8ost to Sub(Ledger 9nl.

8ost to G3L and Sub(Ledger

Can use clearing %ostings as -ell


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Ste% 4 ( 5e/ine 8osting 2ules &cont7'

6irst create

posting keys -ic -illidenti/. .our%osting rules

Ten de/ine %ostingrules /or eac ke. todetermine te NournalEntr. S)8 -ill create

Coose a %ostingt.%e Io%tionJ


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Ste% D ( 5e/ine Transaction T.%es

Transaction T.%es are used to grou% togeter a set o/ B)$

codes -it %osting rules 1ou assign transaction t.%es to bank accounts7 Tis -ill determine

-at %osting rules are used /or a %articular B)$ code in tat bankaccount7

1ou can and -ill %robabl. a"e di//erent transaction t.%es /or di//erentbanks because not all banks use te B)$ codes in te same -a.7 1ou-ill need uniue grou%ings /or di//erent banks -en a single B)$ codeis used b. more tan one bank to re%resent di//erent businesstransactions at .our com%an.7


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Ste% ( )ssign B)$ Codes to 8osting 2ules


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Ste% A ( )ssign Bank )ccounts to Transaction T.%es


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9ter Con/iguration: Searc Strings

Tere!s anoter %o-er/ul EBS con/iguration o%tion, not

/ound in te standard con/iguration screen: search stringsSearc strings allo- .ou control o- a transaction is%rocessed based on te Inote to %a.eeJ /ield #sing searc screens, 234 searces /or a string o/ caracters -itin a

transactionOs Inote to %a.eeJ /ield7 Te Inote to %a.eeJ /ield is te I??Jrecord t.%e in EBS B)$ and EBS B)$;7 See te a%%endix /or more

in/ormation7 1ou can ten cange %osting rules, inter%retation algoritms, te %ro/it

center or cost center used, etc7, based on tis /ield Tis comes in %articularl. use/ul -en

9ne B)$ code needs to be ma%%ed to multi%le %osting ke.s 1ou need to /ind te correct cost center to %ost to /or bank /ee %osting 1ou need to /ind te correct document number to clear

6or more in/ormation see m. article in te 6ebruar. ;@@4 edition

o/ 6$3C9 Ex%ert


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9ter Con/iguration: Searc Strings &cont7'

$*G: 6inancial )ccountingKBank )ccountingKBusinessTransactionsK8a.ment TransactionsKElectronic Bank StatementK*ake

Global Settings /or Electronic Bank Statement

$nsert .ourma%%ing resultsere

Enter te text .ou-ant to searc /orere7


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9ter Con/iguration: Searc Strings &cont7'

$n tis screen .ouacti"ate te searcstring and de/inete target /ield tat.ou -ant to use


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9ter Con/iguration: #ser(Exits + Test 6iles

Coding -it EBS #ser(Exits

Tere are a number o/ user exits a"ailable to enance EBS /unctionalit. #ser(Exits are anoter ad"anced Icon/igurationJ tecniue tat can be

used to sol"e com%lex EBS %roblems

9SS DFFF contains a com%lete listing and ex%lanation o/ all EBS#ser(Exits

234 Can )utomaticall. Generate EBS Test 6iles 1ou can create EBS test /iles using S)8 8rogram 26EBM)T=

1ou can also get test /iles /rom .our bank *ake sure .ou do tis as %art o/ .our testing %lan

1ou can also create an Excel s%readseet tem%late to generate EBS/iles


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Wat We!ll Co"er




Wra%(u%



S


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Lockbox $m%lementation Ste%s

Ste% =: 5e/ine Lockboxes

Ste% ;: Setu% .our Lockboxes as House Bank )ccounts

Ste% 4: 5e/ine control %arameters

Ste% D: Create %osting data

S = 5 /i L kb


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Ste% = ( 5e/ine Lockboxes

To begin, setu% .our Lockboxes in 234

$*G: 6inancial )ccountingKBank )ccountingKBank )ccountsK5e/ineLockboxes /or House )ccounts

9nce .ou!"e de/ined .our Lockboxes .ou!ll be able to assigncustomers to a %articular Lockbox in teir customer master record

1ou!ll also be able to include te Lockbox!s address on te %a.mentad"ice o/ S)8(created in"oices b. modi/.ing .our in"oice S)8scri%t

St ; S t 1 L kb H


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Ste% ; ( Setu% 1our Lockboxes as House 777


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Ste% 4 ( 5e/ine Control 8arameters

Control 8arameters are P

Tis ste% is te ImeatJ o/ Lockbox Con/iguration 5e/ine -eter .ou are using B)$ or B)$;

Me. /unctionalit. o%tions suc as Weter to u%date te G3L

Weter to u%date te subledger

Te le"el o/ detail to make te de%osit %osting

Weter to ca%ture customer bank in/ormation u%load to customer masterrecords

Ho- to andle %artial %a.ments

$*G 8at : 6inancial )ccountingKBank )ccountingKBusinessTransactionsK8a.ment TransactionsKLockboxK5e/ine Control

8arameters

St 4 5 /i C t l 8 t


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Ste% 4 ( 5e/ine Control 8arameters &cont7'

= ( S%eci/. a 6ile

6ormat &B)$ or B)$;'/or eac Lockbox

; ( Ceck te GLaccount and $ncomingcustomer %a.mentsboxes to a"e 234u%date bot .our bankand )32 subledger

St 4 5 /i C t l 8 t


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4 ( Consider cecking

te I$nserting Bank5etailsJ ceckbox(it as234 automaticall. u%datea customer!s masterrecord -it teir bank)B) and )ccount-en a %a.ment is

recei"ed

D ( S%eci/. an )ccount8osting T.%e7 Tisdetermines te le"el at-ic te G3L -ill beu%dated7 9%tions are:• 9ne 8er Ceck&='•

9ne %er Lockbox&;'• 9ne 8er Batc&4'

St 4 5 /i C t l 8 t


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( 8artial 8a.ments –Ceck tis o%tion toallo- %artial %a.mentsto be a%%lied againstan in"oice7 234 -illcreate a residual item/or te di//erence

bet-een te amountdue and te amount%aid7

St 4 5 /i C t l 8 t Ti


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Ste% 4 ( 5e/ine Control 8arameters: Ti%s

)l-a.s s%eci/. tat .ou -ant %osting to u%date bot G3L

and te )32 Sub(ledger &customer %ostings' 1ou -ant custom %a.ments to bot debit .our bank account and creditcustomer )32 accounts, rigt0

)lmost al-a.s s%eci/. I%er batcJ /or te %osting t.%e *ost banks %ost de%osits in .our EBS statement b. batc

8osting to te G3L b. batc -ill allo- .ou to a"e better matcing in.our EBS

)lmost al-a.s enable te I$nsert Bank 5etailsJ o%tion Tis is a "er. use/ul o%tion – Te Lockbox clearing %rocedure can ten

also searc on te *$C2 &Bank )B) , )ccount


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Ste% D ( 5e/ine 8osting 5ata

$n tis ste% .ou de/ine -ic G3L accounts, %osting ke.s,

document t.%es, etc7, 234 -ill use /or eac Lockbox %osting $n te %re"ious ste%s -e de/ined -at te %ostings -ill do7 Tis ste%allo-s .ou to control o- te %ostings -ill occur7 $t is best to lea"e tede/ault %osting ke.s alone7 1ou can create .our o-n Lockbox documentt.%e tat .ou can assign in tis transaction7 Tis can be el%/ul -enreconciling te books and tr.ing to determine -at business transactions

caused te %osting7 $*G 8at : 6inancial )ccountingKBank )ccountingKBusiness

TransactionsK8a.ment TransactionsKLockboxK5e/ine Control 8arameters

Ste% D 5e/ine 8osting 5ata


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Ste% D ( 5e/ine 8osting 5ata &cont7'

Te bank -ill %ro"ide.ou -it tedestination andorigin in/ormation7

House bank andaccount .ou createdearlier7

Te $m%ortance o/.our Bank )ccountG3L Structure isso-n again

9ter Con/iguration: #ser Exits and Test 6iles


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9ter Con/iguration: #ser Exits and Test 6iles

Lockbox Contains T-o #ser(Exits

#se i/ te standard con/iguration doesn!t co"er all o/ .our scenarios See Enancement 6EBLB@@= in C*953S*95

ER$T26EBLB;@@@= ( Lockbox 5ata

ER$T26EBLB;@@@; – )dd %re/ix3su//ix to in"oice numbers

234 Can )utomaticall. Generate Lockbox Test 6iles

6or B)$ 2un re%ort 26EBLBT=

6or B)$; 2un re%ort26EBLBT;

1ou can also create .our o-n Excel tem%late tat .oucan ten cut and %aste into a 7txt /ile as -ell – See .our%artici%ant C5 /or an exam%leTip

Wat We!ll Co"er


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Wat We!ll Co"er




Wra%(u%



F Me. 8oints to Take Home


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234 EBS and Lockbox are great tools -it -ic to

automate entr. o/ .our bank statements and customer%a.ments into 234

234 EBS and Lockbox sa"e .ou mone. b. /reeing u% .our/inancials /olks and nearl. eliminating data(entr. errors

1ou can setu% Lockboxes -it banks around tecountr.3-orld to sa"e da.s &-eeks0' o// o/ .ourrecei"ables

Lockbox in S)8 as tons o/ /unctionalit. and "er. /e- o/te IlimitationsJ commonl. attributed to it &i/ .ou use B)$;'

cont7 K



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F Me. 8oints to Take Home &cont7'

234 EBS and Lockbox are eas. to con/igure once .ou get

te ang o/ it (( ust /ollo- te ste%s $ outlined) -ell tougt(out and structured bank account G3L

structure is ke. to eas. and trouble(/ree EBS, Lockbox,and Cas *anagement re%orting See te a%%endix /or some ad"ice an exam%le

Searc Strings are a Ilittle(kno-nJ ad"anced con/igurationtecniue tat can be used to sol"e EBS %rocessing%roblems

1our Turn


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1our Turn &to launc Q+)'

Questions?

Wat We!ll Co"er


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Wat We ll Co"er




Wra%(u%



*ore on Electronic Bank Statements


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*ore on Electronic Bank Statements

Tere are t-o t.%es o/ electronic bank statements Current 5a.

2e%orts $ntra(5a. $n/ormation

Creates *emo 2ecords 6or Cas *anagement

8rior 5a. 2e%orts actual acti"it. /rom da. be/ore

Creates actual %ostings in S)8

6ocus o/ our %resentation

Ho- Lockbox Can Sa"e 1ou *one.


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Com%an. ) recei"es an a"erage o/ ;,@@@,@@@ in de%osits e"er. da.7Com%an. ) earns U on its account at te bank %er annum7 $t takes an

a"erage o/ 47 da.s /or .our customer!s %a.ment to reac .oureaduarters "ia mail7 $t takes an additional =7 da.s to %rocess anda%%l. te ceck at .our com%an.7 B. te time .ou take te ceck to tebank it is alread. te next da.!s business &= da.'7 Tis is a total o/ Ada.s7

#sing a series o/ Lockboxes located strategicall. trougout tecountr. based on -ere .our customers are geogra%icall., .ou cancut te time it takes a customer %a.ment to clear .our bank do-n /romA da.s to = da.7 ) sa"ings o/ da.s7

Te customer mails teir %a.ment to .our regional Lockbox7 $t takes =da. to get tere b. mail7 1our bank automaticall. recei"es te %a.ment,de%osits it, and sends .ou te remittance detail /or automatic casclearing "ia an electronic Lockbox /ile, all on te same da. te ceck isrecei"ed at te bank7



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Ho- Lockbox Can Sa"e 1ou *one. &cont7'

B. using a set o/ regional Lockboxes .ou a"e cut do-n teamount o/ time it takes a customer %a.ment to clear, .ou bank/rom A da.s to = da. a net gain o/ da.s7

)dditional de%osit interest earned on a single da.!s de%osits&&;,@@@,@@@ &7@34A@'' '' =4??7

)dditional .earl. interest earned =4?? ; 44,>D@7@@

Excluding te time "alue o/ mone. @,@@@ including te TimeValue o/ *one.

@,@@@ greatl. out-eigs an. /ees te bank -ill carge .ou /ora Lockbox ser"ice

#nderstanding 234 EBS3Lockbox Structures


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#nderstanding 234 EBS3Lockbox Structures

S)8 Structures Te exact /ile /ormat needed b. S)8 can be determined b. "ie-ing te

/ollo-ing S)8 structures "ia SE== or SE=;

Mno-ing te S)8 /ile /ormat is im%ortant so tat .ou can determine i/te Bank!s B)$; /ile /ormat matces S)8

$/ te bank!s B)$; /ile /ormat doesn!t matc te S)8 B)$; /ormat .oucan:

Work -it te bank to send .ou te /ile in te %ro%er /ormat &good luck' Write an )B)8 %re(%rocessing %rogram tat takes te bank!s /ile and ten

recreates te /ile in S)8!s B)$; /ormat7

B)$; ( EBS


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B)$; ( EBS

2ecord T.%es @= – 6ile Header

@; – Grou% Header

@4 – )ccount $denti/ier and Summar. Status

=A – Transaction 5etail

?? – Continuation 2ecord

D> – )ccount Trailer >? – Grou% Trailer

>> – 6ile Trailer

B)$; ( EBS & t '


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B)$; ( EBS &cont7'

Exam%le 6ile Transmission@=,=;;@>>>>>,=;4DAF?>,?A@A;=,@;@@,=,A,,;3

@;,@4=@@=;4D,=;;@>>>>>>,=,?A@A;@,;4>,,;3

@4,@=;4DAF?>,,@=@,D4@@@@,,,@D@,;?4@@@@,,33

??,@F;,=@;@@@@,,,@FD,@@@@@,,3

=A,;=?,;@@@@@@@,V,?A@A;;,,S8DF4?,12C@A4;=3

??,829CEE5S 96 LETTE2 96 C2E5$T 629* )2)*C9 9$L C9

=A,=>,=@@@@@@@,=,,,,3

??, SWEE8 629* 5E89S$T921 )CC9#,==?@@@@@@,43

>?,==?@@@@@@,=,3

>>,4DD@@@@,D,4=3

6or *ore $n/ormation

5o-nload listing o/ B)$ codes /rom ---7bai7org 9rder a co%. o/ Cas *anagement Balance 2e%orting S%eci/ications Version ;

/rom B)$ ---7bai7org

B)$; – Lockbox

http://www.bai.org/http://www.bai.org/


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B)$; – Lockbox

6ile 6ormat =( Header 2ecord

; – Ser"ice 2ecord

– 5etail Header 2ecord &9ne %er batc'

A – 5etail 2ecord – Contains Customer


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B)$; Lockbox &cont7'

B)$; 6LB@= – Header 2ecord

6LB@; – Ser"ice 2ecord

6LB;D – 9"er/lo- 2ecord

6LB@ – 5etail Header 2ecord

6LB;A – 5etail 2ecord

6LB@F – Batc Total 2ecord

6LB@? – Lockbox Total 2ecord 6LB@> – Trailer 2ecord

Te structures /or te original B)$ /ormat are te same exce%t tat6LB;D is re%laced -it 6LB@D and 6LB;A is re%laced -it 6LB@A

B)$; – Lockbox &cont '


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B)$; Lockbox &cont7'

Exam%le 6ile Transmission100YPCCDESTINYPCCORIGIN9812151201

2YPCCDESTINYPCCORIGIN

50010010012345981215YPCCDESTINYPCCORIGIN

60010020001000000011000390556677889 000912303180000221800002318000024

40010036017180000251800002618000027180000281800002918000030

4001004601918000031

700100500123459812150100001000000

80010060012345981215001000010000009 1000000 1000000

9000010

6or *ore $n/ormation ---7bai7org

Handout Lockbox 6ile Creation Guide 6or B)$ and B)$ ; 6ormats b. S)8labsincluded on .our %artici%ant C57 1ou can do-nload additional co%ies at---tec7sa%labs7com3docs3%cc3lockbox7doc

) Well Tougt(9ut G3L Structure $s Me.

http://www.bai.org/http://www.bai.org/


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) Well Tougt 9ut G3L Structure $s Me.

Wat and W. 1our bank account G3L structure is te basis /or o- all o/ .our banking

transactions -ill %ost7 Te bank account G3L structure -ill be used aste lo-est base /or re%orting so tat -e can see -en transactions tatare Iin(transitJ are ex%ected to clear te bank7 )lso im%ortant /or Cas*anagement 8osition 2e%orting7 Te structure allo-s .ou to a"ecommon %osting transactions across bank accounts and to easil. see

-at amount o/ .our book balance relates to Iin(transitJ items and-at amount relates to con/irmed bank balances7

Ho- to do it Te bank account G3L structure is merel. a sim%le -a. to number

G3L accounts tat are related to a bank account7 Tis strateg. sould

be im%lemented as %art o/ .our o"erall Cart o/ )ccounts strateg.,Electronic Banking Strateg., and Cas *anagement 2e%orting Strateg.7

) Well Tougt(out G3L Structure $s Me. &cont '


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) Well Tougt out G3L Structure $s Me. &cont7'

)ssuming a A digit Cart o/ )ccounts -it Bank )ccounts in te =@@@@@ – =>>>>> range o/ accounts

) X! s.mbol stands /or a numeric -ild card

G3L )ccount@@@@=@ – Con/irmed Cas &Transactions tat a"e cleared te bank – sould eual bank statement balance'

@@@@== – Ceck 5e%osits $n Transit &5e%osits tat are recorded on te books but a"en!t cleared te bank .et'

@@@@=; – 9utgoing Cecks $n Transit &9utgoing cecks -e a"e sent to "endors tat a"en!t cleared te bank .et'

@@@@=4 – Ceck 5e%osit Clearing )ccount &Clearing account used in te ournal entr. to record de%osits'

@@@@=D – Wire 5e%osit $n Transit &Wire de%osits recorded on te books tat a"en!t cleared te bank .et'

@@@@= – 9utgoing Wire $n Transit &9utgoing -ires -e a"e sent to "endors tat a"en!t cleared te bank .et'

@@@@=A – Credit Card 5e%osit $n Transit &Credit card de%osits recorded on te books but a"en!t cleared te bank .et'

6irst Local Bank Second Local Bank

0000100000 – F! "on#irme$ "ash 0000100010 – %! "on#irme$ "ash

0000100001 – F! "heck Deposits &n Transit 0000100011 – %! "heck Deposits &n Transit

000010000' – F! Outgoing "hecks &n Transit 000010001' – %! Outgoing "heck &n Transit

000010000( – F! "heck Deposit ")earing *ccount 000010001( – %! "heck Deposit ")earing *cct

000010000+ – F! ,ire Deposit &n Transit 000010001+ – %! ,ire Deposit &n Transit 000010000- – F! Outgoing ,ire &n Transit 000010001- – %! Outgoing ,ire &n Transit

000010000. – F! "re$it "ar$ Deposit &n Transit 000010001. – %! "re$it "ar$ Deposit &n Trans

) Well Tougt(out G3L Structure $s Me. &cont '


56/56

) Well Tougt out G3L Structure $s Me. &cont7'

/ecor$ing o# !usiness Transaction – Outgoing ,ire #rom F! to ")ear en$or *ccount

1'(*

*23ven$or 1'(*4 '-5000

10000+ 3,ire Out4 '-5000

/ecor$ing o# 6!% transaction that c)ears the outgoing 7ire at F!

10000+ 3,ire Out4 '-5000

100000 3"on#irme$ "ash4 '-5000

225513031 electronic banking and lockbox 052114

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