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Bank&Payment handling Cyprus

Hi all,

I am not sure how bank and payment works for Cyprus. In Germany we use "OP plus" fir automatic import and allocation of bank account statements, but how does it work in Cyprus?
Maybe someone can help me.

Thank you in advance!

Best regards :)

Banking and payment processes in Cyprus may differ from those in Germany, but there are still several options for importing and allocating bank account statements in Business Central.

Here are a few possible options:

Some banks in Cyprus may offer automatic import of bank statements in a format that can be directly imported into Business Central. You can check with your bank to see if they offer this service and what file format they use.

If your bank does not offer automatic import, you can manually download your bank statements in a compatible file format (such as CSV or OFX) and then import them into Business Central using the Bank Account Reconciliation feature. This feature allows you to import your bank statement, match it with your outstanding transactions, and reconcile your accounts.

You can also use third-party services such as Plaid or Salt Edge to automate the process of importing bank statements and reconciling your accounts. These services can connect to your bank account and automatically import your statements into Business Central, saving you time and effort.

Overall, the process of importing and allocating bank account statements may differ depending on the bank and country, but there are still several options available for automating this process in Business Central. It's important to check with your bank to see what options they offer and to explore third-party services if needed.

DAniele

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