Australia Bank Feeds > Error: The file could not be imported, because SISS_BALANCING_TRANSACTION is not one of the recognised bank transaction codes
According to SISS, Balancing Transactions are inserted on imports when the day's transaction data does not match the running balance provided by the bank.
This should not be imported in the system nor used in bank reconciliations as the data would be replaced by actual bank transactions once they are posted.
With this, the Balancing Transactions must be mapped and excluded in Australia Bank Feeds to resume import and not create any discrepancies.
To resolve the error, please do the following:
1.On ABFS, navigate to Bank Transaction Codes tab
2.Set the following:
Bank Transaction Code - SISS_BALANCING_TRANSACTION
Description - SISS Balancing Transaction
Bank Data Type - Other
Credit / Debit - N/A
Exclude - TRUE
3.Click Save Changes
Results: The error is no longer encountered.