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Difference Between Electronic and Manual Bank Statement

Electronic Bank Statement(EBS) vs. Manual Bank Statement(MBS)

Hello Experts,

What is the difference between Electronic Bank Statement(EBS) and Manual Bank Statement(MBS)?

Please help me out with the above.

Thanks in advance.


Comments

  • 30 Mar 2015 2:02 pm Nitesh Singh Helpful Answer

     EBS is an electronic statement sent by the bank and has details of the transactions made to your account. It comes in different formats (BAI,BAI2,multicash etc) and you upload it into the system and does auto reconciliation-clears customer line items/other bank transactions.

    MBS is the paper statement sent to you. You enter info from the stmt and then you do a manual reconciliation.(EBS configured through TCODE FMLGD_H_ELKO)