As an administrator on Fyle, one way of importing the card transactions on Fyle is by uploading the corporate card statements issued by your bank or card provider.

As each statement contains numerous transactions which are imported to Fyle, it's absolutely necessary to have the right mapping fields from your statement to Fyle.

Here we discuss the sign of the debit amount from your statement and the way you represent the debit and credit transactions at your organisation.

Sign of the Debit Amount:

As you can see in the picture below, while uploading the statement on Fyle, you need to mention if the debit amount in your statement is denoted with a negative (-ve) sign or not.

  1. If you select No, all the debit transactions will be represented with a positive sign, and the credit transactions with a negative(-ve) sign {for example, $35.09 or $35.09 DR for debit amount, -$35.09 or 35.09 CR for credit amount} on Fyle.

  2. If you select Yes, all the debit transactions will be represented with a negative (-ve) sign, and the credit transactions with a positive sign {for example, -$35.09 or $35.09 DR for debit amount, $35.09 or $35.09 CR for credit amount} on Fyle.

Note that the debit amount is indicated with DR and the credit amounts with CR on Fyle.

Please read this article to know the steps while uploading a corporate card statement on Fyle.

Feel free to contact our support team at [email protected] for further information or issues with uploading the statement.

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