Dynamics 365 Business Central – How to Post a Single Bank Ledger Entry for Multiple Cash Receipts from Different Customers using the Cash Receipt Journal

Dynamics 365 Business Central

The article discusses the scenario where multiple customer payments are batched into a single deposit, particularly common with credit card companies like American Express.
The author explains how to post these transactions in Microsoft Dynamics 365 Business Central to ensure bank reconciliation matches the bank statement.
The post details a specific scenario where three payments via American Express are grouped together and deposited as one total amount.
It is noted that fees deducted by American Express before depositing the total amount need to be accounted for in a future post.
The author demonstrates posting a single bank ledger entry using the Cash Receipt Journal to apply the total amount to three different customers.
In step 1, the cash is entered into the Cash Receipt Journal and applied to the invoices of each individual customer.
Step 2 involves balancing these entries with a single bank account line for the total amount, resulting in a single bank account ledger entry for reconciliation.
The author concludes by mentioning the option of using the "Bank Deposit" page but chooses the "Cash Receipt Journal" for posting cash receipts to multiple customers, aiming to help users who manually split and post cash separately.

Registered users can view the full text for FREE!