Benefits of the e-Account Statement solution
- Account activity: View real-time bank transactions and balances in a single program
- Open banking: Actively working with 20+ banks
- Autonomous accounting: Automatic posting of all bank transactions
e-Banking products
e-Account Statement (e-Hesap Özeti)
Digitalize your financial transactions with e-Account Statement! With Factorbooks Autonomous ERP, save time and easily manage your business's financial processes.
What is e-Account Statement (e-Hesap Özeti)?
The e-Account Statement solution is a financial solution developed to track all bank transactions in real time in Factorbooks and to create accounting entries automatically. It provides real-time access to all bank balances and transactions. Its ability to carry out accounting operations automatically greatly reduces the workload of finance departments and minimizes human error.
Advantages of e-Account Statement (e-Hesap Özeti)
Account activity web service integration
Access to the account activity web services that banks offer companies is provided through direct web service or PI integration.
Transfer of bank account activity to Factorbooks
At set intervals, account activity from the banks previously defined in the system is transferred to Factorbooks.
Bank account management from a single point
Because all transactions are displayed in a single program, there is no need for a separate username and password for each bank.
Automatic accounting entries
Bank transactions and the related accounting entries are created automatically in the Factorbooks e-Account program.
Rule mechanism for posting statements
The rule mechanism ensures that the entries in statements are posted to the correct accounts.
End-of-day automatic notifications and reporting
With end-of-day automatic email notifications, bank transactions for which no accounting entry has been created in the Factorbooks e-Account application are reported automatically.
Fast and easy bank reconciliation
With a cumulative report showing main account balances and total bank statement balances, bank reconciliation can be completed in less time than with manual entry.
Flexibility with e-Statement and MT940 file transfer
e-Statement MT940 file transfers can be handled with the Factorbooks e-Account application, adding flexibility to accounting processes.
Package coverage
How the related features are covered in each package, based on the Factorbooks product and package scope list.
| Feature | Micro | Small | Mid-sized | Large | Corporate | Enterprise | Tailored |
|---|---|---|---|---|---|---|---|
| Bank Account StatementAdvanced Finance Management | Included | Included | Included | Included | Included | Included | Included |
| Bank StatementAdvanced Finance Management | Included | Included | Included | Included | Included | Included | Included |
| e-StatementDigital Transformation Management | Included | Included | Included | Included | Included | Included | Included |
e-Account Statement (e-Hesap Özeti): frequently asked questions
How are bank integrations provided?
Access to the web services that banks provide to companies is established through direct web service or PI integration methods.
After integration, at what intervals is data transferred to Factorbooks?
It varies depending on the banks' response times. As a result of joint work with the banks, when an account transaction is reflected in the web service, the data is transferred within the period set for real-time data transfer to Factorbooks.
Can the e-Account Statement solution be used by companies working with multiple company codes?
Yes. Definitions can be made on a company code basis.
Can we query the real-time balance of an account at any bank we choose?
You can run real-time queries on your defined banks through the real-time bank account query step in the Factorbooks e-Account application.
How many banks do you work with?
We actively work with 20 banks.
Do you provide reporting support in the program?
The e-Account Statement program includes reports where you can view bank balances and transactions.
Can new banks be added to the e-Account Statement application?
Yes. The Factorbooks e-Account Statement solution team supports the process of defining a new bank.
Do you offer reporting support for bank reconciliations?
Yes. With the report developed within the e-Account application that shows the main account balance and bank account balances, you can complete your bank reconciliations with a single click.
Are operations restricted by user permissions?
Yes, viewing is based on user permissions.
Is user action required for bank data to flow into the system?
No, bank data is transferred to the system automatically at set intervals. A user query request is needed only when you want to query real-time bank balances and transactions.
Can we make separate definitions for additional expense entries such as commissions when accounting entries are created?
After you define a condition once for the relevant transactions on the custom condition definition screen, your entries will be created automatically based on that definition.
Can you access the information integrated from the bank?
No, all information is recorded in your company's own system. Your company's employees can view it based on their Factorbooks user permissions.
How is connection security ensured for data transfer between bank systems and Factorbooks?
Thanks to the IP authorization defined during the application process with the banks, bank web services can be accessed only from the company network. As a result, your account activity cannot be accessed from a different network.
Can definitions be made for bank-specific accounting entries?
Yes. There are definition screens where you can make separate definitions for each bank and bank account.
Do you offer reporting support for bank reconciliations?
Yes. With the report developed within the e-Account application that shows the main account balance and bank account balances, you can complete your bank reconciliations with a single click.
Can I post my TFS/DBS (supplier financing and direct debit system) transactions from the e-Account Statement program?
Yes. Once you make your definitions in the e-Account application based on transaction characteristics, accounting entries for your automatic payments will also be created automatically.
Do you report transactions that were not posted automatically?
With end-of-day automatic email notifications, bank transactions for which no accounting entry has been created in the Factorbooks e-Account application are reported automatically.
Does your e-Account Statement solution work only with Factorbooks?
Yes, our program was developed specifically for Factorbooks.
What is the e-Statement solution?
e-Statement is a Factorbooks solution that lets you easily transfer all bank account transactions in MT940 format into the ERP system and post them with a single click.
Do you provide support for errors in the application and missing bank transactions?
Under the maintenance process of the Factorbooks e-Account Statement package, our solution team supports you with any errors you encounter in e-Account Statement.
Other e-Banking products
Virtual POS integration & accounting
Manage your virtual POS and accounting processes and easily track your POS transactions.
e-Bank Receipt (e-Dekont)
Create, approve and report your bank receipts electronically.
Open Banking
Connect your bank accounts to Factorbooks and manage your banking transactions from a single platform.
See e-Account Statement (e-Hesap Özeti) in a live demo
In a live demo we walk through your priority processes together and clarify the package and module scope that fits your needs.