Importing bank statements in MT940 format is an advanced function in accounting systems that enables the automatic loading of bank transaction data. MT940 is a standard file format used to transmit bank statement information. Scope: Automatic data loading – easy import of statements in MT940 format, eliminating manual data entry. Transaction analysis – after import, the data is analysed for consistency with the accounting records, enabling quick identification of errors or discrepancies. Categorisation – automatic assignment of transactions to the appropriate accounting accounts. Automation significantly speeds up bookkeeping and reduces the risk of human error.