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Stop Bank Reconciliation Errors and Mistakes Before You Start

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#reconciliation

Dynamics 365 Business Central

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Jan 21, 2025

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  • The article discusses common bank reconciliation issues in Microsoft Dynamics 365 Business Central.
  • It emphasizes the importance of proper system setup, configuration, and transaction entry for successful reconciliations.
  • The author highlights the significance of balancing the bank ledger and cash G/L account in the legacy system before migrating to Business Central.
  • Direct posting to G/L accounts instead of sub-ledgers can lead to reconciliation problems, and the article provides tips on how to avoid this issue.
  • Using Bank Account instead of G/L account in net change journals during the go-live process helps preserve accurate bank and G/L ledger entries.
  • Detailed instructions are provided for entering beginning balance entries in Business Central to prevent reconciliation challenges.
  • The article stresses the importance of dating all transactions with the same posting date and using the document date for original transaction dates to aid in reconciliation.
  • Properly entering beginning balance entries using a bank account can prevent common causes of bank reconciliation issues in Business Central.

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