Transaction-specific data can be transmitted on an electronic account statement or in a separate file.
Account reports are available as file formats of the national standard and the XML format based on the ISO 20022 standard.
Select the reporting manner and file format on the basis of your financial administration program's facilities.
Incoming payments to your ledger
The most efficient way of matching with an incoming payment to an outstanding invoice is a reference.
You can agree on receiving the reporting of reference payments in a separate file or in an account statement among other transactions.
Paid invoices to your ledger
Payments sent through the Corporate Payments Service are reported on an electronic account statement.
You can acknowledge invoices using their total amount or by transaction, invoice by invoice.
A reference number should always be used in invoicing. With a reference number your company will identify the incoming payment and the payer.
Calculate the reference numbers for your invoices by using the reference calculator.
- With the reference number, you can specify the payment transactions easily and match them with the correct invoice in the ledger.
- The easiest way to receive reference payments to your ledger is a file that you can download in Classic Netbank, for example.
- You can also follow up on and control reference payments from an account statement if your company does not have accounts receivable.
XML transaction report
XML reports are based on the ISO 20022 standard, which is used for transferring SEPA payments between the customer and the bank as well as between banks.
The XML report of incoming reference payments includes more information than the national format.
Discuss with your system supplier when your company should start using reporting of reference payments in the XML format.
Find out at the same time whether it is worthwhile for your company to start using the international reference in invoicing.
- You get all sales invoices together in one file with which you can update your ledger.
- In addition to the reference, party data makes identification of the payers easier.
- Control and reconciliation will in the future function by the same principle irrespective of the account or the country of the payer
If you send invoices abroad, print a Finnish reference in the international format in your invoices. This will help foreign trading partners get used to the standardised reference and it will be easy to match the paid invoices in the ledger.
With Nordea's reference calculator, you can generate international references for your invoices so that they comply with the rules of both the Finnish and the international reference.
- You can also use the reference in cross-border invoicing.
- The identification of payers becomes easier especially in the case of foreign trading partners.
- The control and reconciliation of payments become more efficient.
Terms and conditions:
Please read the terms and conditions of the service before making the agreement and starting to use the service.
Please read the service descriptions before making the agreement and starting to use the service.