This is only my opinion but I feel Advanced bank reconciliation has caused a lot of confusion. This is because Microsoft has made it very technical (very cool but a bit painful first time). Also, I feel some of the documentation is lacking in detail. Below is my quick summary for anyone who wants to start with this topic. To import a statement file: Official Microsoft Links http://blogs.msdn.com/b/axsupport/archive/2014/05/20/advanced-bank-reconciliation-setup-in-ax-2012-r2.aspx Supported formats are very limited. But the big one is the BAI2 is very common but not all banks use it. Good non Microsoft Links Same as the Microsoft one but with screenshots. http://andym62.blogspot.com.au/2014/06/ax2012-r2-import-bai2-bank-statement_30.html For developers who want to support different file formats. I would recommend using transformation class, rather than xslt. Follow this step by step in detail. You will want to extend on it to include additional fields etc but a very good start.