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Why do I need to code my bank statements?

Members are required to assign a unique eCOGENT.biz income and expenditure code next to each transactional item on their business bank statement.

This allows us to apportion transactions to various profit centre's.

To do this, we use BankLink’s Notes service to provide us with an electronic version of your farm’s bank accounts.

We believe this is a relatively simple process that adds robustness to the financial reports and decision-making.

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