Good morning community,
I have a broader question around CAMT files, more specifically CAMT.053 & CAMT.054.
In summary, the CAMT.053 is the previous day bank statement and provides detailed information on all entries booked to the account for the previous day. On the other hand, the camt.054 – Bank to Customer Debit / Credit Notification, provides the customer with specific account debit and account credit transactions. My questions are:
- Do you think that by importing only the bank statement (053), the information stored in it would be enough to register all customer/vendor transactions? I see that in the structure of the 053, there are XML tags to identify bank transaction codes, payment references etc.
- Why would I need the CAMT.054 for? What additional information would it bring?
- Are there cases where the 054 somehow "complements" the 053, e.g. a summary entry is registered in 053 but the details are stored in the 054?
Many thanks for your answers,
Peter
