nordea.fi : Get Account Statement & Transaction Report Finland

Organization : Nordea Bank
Facility : Get Account Statement & Transaction Reports
Country : Finland
Website : https://www.nordea.fi/

Nordea Bank Get Account Statement

The account statement is an official certificate of the transactions and balances in your account.

Related : Nordea Bank Pay Service Finland : www.statusin.org/28021.html

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.

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

3. 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 Bank Transaction Code 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 Statement Account :
** 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.

** The use of the electronic account statement requiring a written agreement made at a Nordea branch.

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.

Ledger :
** 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.