Account statement and transaction reports

The account statement is an official certificate of the transactions and balances in your account. In addition to the account statement, your company can choose various electronic reports that enable automatic updating of transactions in your book-keeping and ledgers and that support cash management.

Account statement and transaction reports

With electronic account statements you can make most account entries automatically to your accounting.
With electronic transaction reports you can update quickly and correctly the sales and purchase invoices in your ledgers.

XML reports are based on the international ISO 20022 standard and pave the way for a common operating method all over the world.

Your benefits:

  • Electronic account reports support the automation of financial administration.
  • Automatic processing of reports makes cash and liquidity management faster.
  • Common data contents in XML reports allow the same processing for reports received from different countries.

Book-keeping

Most account entries can be made automatically in book-keeping by combining the company's general ledger with the specifier or transaction code given on the account statement and by utilising the party data in debits and credits.

Besides a Finnish entry specifier, an XML account statement conveys a BankTransactionCode in line with the ISO 20022 standard.

Your benefits:

  • The data contents of account entries are the same irrespective of the country.
  • The same processing rules apply to the account reports of different countries.

Electronic account statement

In order to be able to download an electronic account statement, you need a Corporate Netbank agreement with Nordea or a bank connection program. If you use an accounting agency, you can agree with them on downloading the statement for you. If you want to start receiving the electronic account statement please call to Nordea Business Centre. 

Your benefits:

  • The account statement can be already retrieved and printed in the early hours of the day following the entry date.
  • You can transfer the account statement as such to your company’s systems.
  • Easy to handle and file.
  • In terms of book-keeping, just as valid as a paper statement.

XML account statement

The new international XML messages will in future be used in the financial administration processes. This will ensure the conveyance of data given in SEPA payments from payment systems to ledgers and book-keeping.

Discuss with your system supplier when your company should start using the XML account statement. The use of the account statement based on the national standard alongside the XML account statement is possible in order to make the changeover as smooth as possible.

Your benefits:

  • You get the full benefit of End to End Straight Through Processing.
  • You will receive the same information back in the same format as in the payment.
  • Transaction details will provide more information, such as the identifiers of the original payer and the ultimate payee.

SWIFT account statement

Account statements from abroad

With the Balance Reporting service, you can easily download via SWIFT the account and transaction statements as well as the balances of your company's accounts in Nordea's units or other foreign banks.

Your benefits:

  • Monitoring your receivables becomes easier.
  • The management of your liquidity becomes more efficient.
  • You get account information quickly from abroad.
  • It is easy to monitor the balance and transactions of your company’s foreign accounts, already during the entry date.

Account statements abroad

It is possible to transfer account information on accounts with Nordea Bank Finland via SWIFT to other financial institutions as well.

The following report types are available:

  • Account statement - MT 940 Customer Statement Message
  • Balance statement - MT 941 Balance Report
  • Transaction statement - MT 942 Interim Transaction Report

Your benefits:

  • Further details of SEPA credit transfers are also conveyed in the statements.

Ledgers

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.

Reference payments

Reference payments

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.

Your benefits:

  • 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
International reference

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