A CODA file: what is it and what can you use it for?
A coded account statement or CODA is an electronic file with very extensive information about the transactions of your Belgian accounts.
More specifically, it is a coded representation of paper account statements and the accompanying annexes.
The code identifies every movement on your account in a structured way. Thanks to the code, the IT system of your organisation can recognise the movement on your account and immediately include it in your accounting. This makes it convenient for you as a professional to check your expenses and revenues.