BAI and BAI2 file format is a specialized and standardized set of codes used for cash management by the Bank Administration Institute (BAI).
The BAI and BAI2 files come to an account holder from a bank. The account holder then imports the files to a bookkeeping application (in our case SAP) and performs bank reconciliation if necessary.
The difference between BAI and BAI2 file formats is that of information the files carry. BAI carries less information compared to the BAI2 file. The success rate of processing the file without error is more in BAI2 than BAI file.
Paystand does not support BAI or BAI2 files.