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Electronic Reporting Statement - Opening and closing balances

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Posted on by 52

Good afternoon,

I'm creating an ER definition to import a bank statement and I could do with some clarification please on how Credits and Debits should work with opening balances. Here is the relevant data from the CSV file that I am importing:

Date Debit Credit Balance
Closing Balance       2,203,910.35
31/01/2023 -1000000    
31/01/2023 -16791.22    
27/01/2023 -22709.04    
24/01/2023 -10769.91    
23/01/2023     22,000.00  
23/01/2023           228.00  
23/01/2023 -14170.52    
20/01/2023 -22285.08    
11/01/2023     33,885.00  
11/01/2023 -27251.4    
10/01/2023       75,300.00  
06/01/2023       77,496.25  
Opening Balance       3,108,978.27
    -1,113,977.17   208,909.25  

When this is imported into F&O, the debit values are converted into positive values (it does not allow negative values)

pastedimage1685033125127v1.png

Based on the opening and closing balance, the net value should be -905,067.92. However, when I validate the statement, it calculates the net value as Positive 905,067.92 rather than negative and so the statement will not validate because it adds it to the opening balance:

pastedimage1685033453674v5.png

If I set the net amount to -905,067.92 and validate, it complains that it doesn't equal the sum of the statement lines.

Does anyone have any ideas as to what am I doing wrong? I assume that I have made an error with a +/- sign somewhere in my import process?

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