Importing OFX Statements

Sage 300 ERP

Importing OFX Statements

Matching transactions from a printed bank statement to transactions in your accounting system can be a time-consuming and tedious process in a manual reconciliation. Automating the matching process can save you a lot of time, especially if you have many transactions to reconcile.

Sage 300 ERP permits the automatic reconciliation of electronic bank and credit card statements in OFX (Open Financial Exchange) format.

First, you download your OFX bank or credit card statement from your financial institution's Web site to a folder on your computer’s hard drive or a network location.

Once you have downloaded the OFX file, you import the statement into your Sage 300 ERP company using the Import OFX Statements form. (To import statements, you need Import Bank Services Data and Reconcile Bank Statements security rights.)

You can then reconcile transactions electronically using the Reconcile OFX Statements form.

To import OFX statements

See also

Download OFX statements

Reconcile OFX Statements

Reconcile Statements