Post and reconcile the payment reconciliation
When all payments on the journal lines are correctly applied or set to direct posting, you can post the payment reconciliation journal.
If you select Posting on the action menu, you can choose one of the following options:
Post Payments and Reconcile Bank Accounts - Post the payments as applied and close the related bank account ledger entries as reconciled.
Post Payments Only - Only post the payments as applied. This option keeps the related bank account ledger entries open and requires you to reconcile the bank account separately by using the bank account reconciliation function in Business Central.
Before posting the payment reconciliation journal, you can run the posting preview by selecting Posting and then Posting Preview. This will show the different types of entries that will be created when you post the payment reconciliation journal.
When you post the payment reconciliation journal, the applied open entries are closed, and the related customer, vendor, or general ledger accounts are updated.
For payments on journal lines based on text-to-account mapping, the specified customer, vendor, and general ledger accounts are updated. For all journal lines, bank account ledger entries are created.
If you select the Post Payments and Reconcile Bank Account action, any open bank account ledger entries that are related to the applied customer or vendor ledger entries will be closed. As a result, the bank account is automatically reconciled for payments that you post with the journal.
Before posting, you can compare the value in the Balance After Posting field together with the value in the Statement Ending Balance field to track when the bank account is reconciled based on payments that you post.