Exact Globe+

PU 504 | 503 (Globe+): Opening balance calculated automatically for Rabobank (Netherlands legislation)

Since the implementation of Rabobank PSD2, the opening balance is always returned to zero on incoming statements. Thus, the opening balance always displays “0”.

In this product update, the Transactions check box under the Electronic banking integration section in the Cash instruments screen must be selected for the opening and closing balance to be calculated automatically. This setting is done externally by the bank.

For the closing balance, the calculated amount of the opening balance is added to the closing amount of the imported bank statement.

Example

The bank journal amount before the import is 1599.99.

The imported statement amount is -48404.03. The new closing balance will be -46804.04 (1599.99 + (-48404.03).

The amount in the bank journal will be the same as the amount in the cash flow screen after the import.