Bank and payment reconciliations

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Important

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Enabled for Public preview General availability
Users, automatically Sep 1, 2021 Oct 1, 2021

Business value

Bank and payment reconciliations are key processes for all businesses by providing an overview of whether the cash flow is accurate, and that all transactions have been accounted for. In this release wave, we have focused on the bank reconciliation process.

Feature details

The Bank Reconciliation page has been enhanced with the following capabilities:

  • Bank ledger entries are now filtered so only ledger entries after the statement's ending date are shown, making it simpler to get an overview.
  • The layout of the test report has been cleaned up, making it simpler to read. The report will also use the statement date as a filter for the G/L account as well as the bank account, so that the focus is on the period being reconciled.
  • When applying auto-matching, the user can decide to not overwrite any of the already matched entries, or to overwrite all.
  • Many-to-1 matching is now possible so many bank statement lines can be matched against one bank ledger entry. This will support scenarios such as a bank statement splitting up sales into payment methods for which you only posted one bank ledger entry.
  • When you transfer differences to be posted in a general journal, the entries will be auto-matched when you return to the bank reconciliation, reducing the redundant manual step.

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See also

Bank reconciliation and payment reconciliation journals in Dynamics 365 Business Central (video)

Reconcile Bank Accounts (docs)