Yes. 33reasons nv, the company behind OkiOki, is an Account Information Service Provider (AISP) approved by the National Bank of Belgium under the PSD2 (Payment Services Directive) directive. OkiOki can read your account information, because banks make account information available through PSD2. This only happens with your permission of course.
Based on the entrepreneur's PSD2 account information, OkiOki then creates coda files, which she makes available to the accountant. This allows the accountant to easily book the entrepreneur's financial transactions.
An overview of the OkiOki coda files:
- The OkiOki coda files follow the standard coda format.
- As a business owner, you give permission to share your account information. This permission is given digitally within the OkiOki app. This means that there are no mandates or setup costs involved.
- OkiOki will always ensure that the coda files contain the start and end balances, before sending them to the accountant.
- Since all Belgian Banks must follow the PSD2 directive today, we can offer code files for all Belgian banks, including Argenta and AXA.
- Through PSD2, we currently have less rich data than the coda files based on the extracts. The main differences are that transaction types are not as granularly defined or described, and for loans the breakdown of capital and interest is rarely available. A distinction between gross amount and commission for credit card payments is available, however.
- The accountant chooses which customer and which account to receive coda files for and how they wish to receive them.
Finally, it is important to note that OkiOki offers these coda files at an additional cost of 1.50 euros per account per month. Other than that, there are no additional costs! This way, we want to make coda files available to all accountants and entrepreneurs.
For some entrepreneurs or accountants, it can still be useful to use CodaBox for certain accounts. Banks are only obliged to share their current accounts under PSD2, so OkiOki can only offer code files of current accounts for the time being.