Trade finance, LC settlements, import finance — all separated from operating expenses. Built for SME accounting workflows on Zoho Books or Xero.
Start convertingNational Bank of Fujairah serves trade-oriented SMEs — port operators, import/export businesses, industrial firms on the Gulf of Oman corridor. NBF statements carry letter of credit, trust receipt, import finance, and trade finance rows that need their own chart-of-accounts category. Lumping them with operating expenses produces wrong financial statements.
Kashfbank tags each trade finance category distinctly: LC Settlement, Import Finance, Trade Finance, Bank Charges. The reference codes are preserved in the descriptor so reconciliation against shipping documents and LC terms is a filter-and-match exercise.
Trade finance reference codes are long alphanumeric strings. On narrow description columns in the source PDF they sometimes wrap across two visual lines. Naive PDF parsers split them into two rows. Kashfbank keeps the reference as a single string on a single row.
Low retail transaction volume means many pages contain only 3-5 entries with large whitespace. Page-boundary detection has to be explicit — and Kashfbank handles it. LC settlement entries often appear as paired debit/credit rows for the same underlying transaction; both are preserved so deduplication is a downstream choice.
Standard columns, ready for Zoho Books, Xero, or QuickBooks. Trade finance reference codes intact.
Bilingual Arabic-English PDF. AED denominated. Dates DD/MM/YYYY. Columns: date, description, debit, credit, running balance. Trade finance and letter of credit entries clearly labelled with reference numbers. Customer name, IBAN, account type, and statement period in header. Running AED balance updated after each transaction.
| Label | Meaning |
|---|---|
| LC SETTLEMENT | Letter of credit settlement debit/credit |
| TRADE FINANCE | Trade finance facility drawdown or repayment |
| SALARY TRANSFER | WPS salary credit from employer |
| ATM WITHDRAWAL | Cash withdrawal from ATM |
| POS PURCHASE | Card payment at merchant |
UAE-based accountants using Zoho Books (UAE VAT edition) need the VAT column flagged; Kashf's Category field tags ZATCA-style VAT payment rows for easy filtering.
Collect NBF PDFs from the client
Client pulls each month's statement from NBF Mobile and sends as a PDF batch.
Bulk upload
Drop all PDFs into Kashfbank. Each is converted independently and labeled with its source filename.
Review trade finance categorisation
Trade finance, LC settlement, and import finance rows are pre-tagged. Confirm the mapping matches the client's chart of accounts before import.
Export and reconcile
Download per file or merged. Match LC references against shipping documents and supplier invoices. Import into Zoho Books or Xero.
Common challenges
How does Kashfbank tag NBF trade finance rows?
Trade finance, LC settlement, and import finance get distinct Category values. They are not mixed with operating expenses. The reference codes stay in the Description field for reconciliation against shipping documents.
What about LC settlements that appear as both a debit and a credit?
Both rows are preserved with the LC reference code. Deduplication or matching is done in your accounting tool — typically the LC settlement closes the original drawdown, so the pair shows the cycle complete.
Can I bulk-convert twelve months of NBF statements?
Yes. Upload all PDFs at once. Each is processed independently and labeled with its source filename. Download per file or merge in Excel.
Will the CSV import into Zoho Books UAE VAT edition?
Yes. Date, Description, Debit, Credit columns match Zoho's template. The trade finance categories need a one-time chart-of-accounts mapping in Zoho on first import — typically to a cost-of-goods-sold or finance-cost account.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English