Complete bank account reconciliation faster with Copilot
|Enabled for||Public preview||General availability|
|Users by admins, makers, or analysts||Nov 3, 2023||-|
Bookkeepers in SMB organizations need to import bank statements and reconcile transactions with their bank ledger entries, making sure all transactions are accounted for. While Business Central already reduces effort through rule-based transaction matching, the residual work to process the unmatched transactions every week remains cumbersome and quickly accrues to lost workdays. Copilot reduces bookkeeping effort by matching more transactions and suggesting G/L accounts to post the remaining transactions.
The bank account reconciliation feature in Business Central has been enhanced with:
- AI-powered transaction matching that complements rule-based matching and further reduces the remaining unmatched transactions that require review.
- AI-powered G/L account suggestions where Copilot suggests the most likely ledger account to post any residual transactions to and offers the opportunity to remember a specific transaction description for the next reconciliation.
- Built-in demo data for evaluation companies that makes it easier to experience and demonstrate this Copilot capability to others. Demo data is available in English with 23.1 and other languages with 23.2.
Public preview notes
While the feature is in preview, it performs best when the G/L account names, ledger entries, and bank account transaction descriptions are in the same language and in English.
Looking for more details?
Watch the 20-minute video where the product engineering team at Microsoft shares more details about this new capability.
To access recordings on demand from the Business Central 2023 release wave 2 launch event, register for free at aka.ms/BCLE.
Try it out
To get started, go to the Bank Account Reconciliations page and choose Reconcile with Copilot.
This feature is available with all new production and sandbox environments with Update 23.1.
For upgrading customers, the feature will be automatically enabled with Update 24, but administrators can enable it as early as Update 23.1. To enable features ahead of time, sign in to your online environment and open Feature Management, then enable for all users the item named Feature Preview: Bank account reconciliation with Copilot.
In some regions where Azure OpenAI Service is not yet available, administrators must first consent to business data moving across compliance boundaries from the Copilot & AI capabilities page.
Tell us what you think
We're excited to have you with us on our Copilot journey.
Help us improve Dynamics 365 Business Central by discussing ideas, providing suggestions, and giving feedback. Use the forum at aka.ms/bcIdeas, or join the discussion on the Dynamics 365 Business Central Development Yammer network to help us shape the future of AI in Business Central.
This feature will be released into the following Microsoft Azure geographic areas:
- South Africa
- United Arab Emirates
- United States
- Asia Pacific
- United Kingdom
- South America