Typically the data extracted from the bank statements is processed further by other programs. Since each bank has a different format, there is a requirement for a standardized format to make processing from multiple banks easier.
To solve this use case, Canopy Extract also optionally delivers data in a standardized format called Canopy UL 2.0.
A Canopy UL 2.0 file contains upto 4 tabs, which are
- Transactions (required) - These will be uploaded into Engine
- Holdings (optional but preferred) - if provided Engine will reconcile closing positions in the various accounts against these
- Transaction Details (optional) - You can provide all the details in the Transaction tab itself if you want. This tab is provided for compatibility with some bank formats where Buy/Sell and Current Account Transactions are reported separately
- Historical Prices (optional)
A sample Canopy UL 2.0 file is enclosed here
Updated 5 months ago