What is a CAMT.053 bank file?

What is a CAMT.053 bank file?

The CAMT.053 file, compliant with ISO 20022, is an international standard used for the electronic exchange of data between financial institutions. It provides a detailed view of transactions carried out on a bank account. Integrating CAMT.053 files into the Cheel ERP system offers several major advantages:
  1. Automation of bank statement processing : This integration saves valuable time by automating accounting processes.
  2. Reduction of manual errors : By limiting manual entry, the risk of associated errors is considerably reduced.

How do I obtain the CAMT.053 files from my bank accounts?

You can access the CAMT.053 files via your financial institution's e-Banking service. If these files are not available, it is recommended that you contact your bank advisor directly for assistance.

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To reconcile your bank account with your accounting records, see the article Set up bank reconciliation .