Mollie offers the following export options:
The advantage of MT940 is that it allows you to automate the process of entering transactions and payments into your accounting system. In other words, it reduces the process to just a few actions. Which minimalizes the risk of human error, allowing you to easily keep your bookkeeping up to date. Nearly all bookkeeping programs facilitate the importation of MT940 files. For instance, Exact, Twinfield, AFAS, Unit4, Visma, Accountview, SAP, Oracle, Moneybird and Yuki come to mind.
Are you using a bookkeeping program that does not allow the importation of MT940 files? Then, in most cases, you are better off using CSV-export (Excel).
CODA is file format commonly used by Belgian bookkeeping programs. CODA stands for coded daily statement. A CODA file contains extensive information about all transactions in it and is therefore comparable to the MT940 file.