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Advance Bank Reconciliation – Clear Reversal Entries -Part 2

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#bank

#reconciliation

Dynamics 365 Finance

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Oct 23, 2024

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  • The blog discusses the actions of Advance Bank Reconciliation, focusing on clearing reversal statement lines and bank transactions.
  • Users can select actions like clearing reversal statement lines and bank transactions under the Action dropdown of the Reconciliation matching rule.
  • To clear a reversal statement line, users can manually mark transactions in the bank statement or automate the process using matching rules.
  • A matching rule can be created to identify reversal lines in the bank statement based on criteria like transaction codes or amount direction.
  • The blog mentions the introduction of the Clear Reversal Bank Transaction feature in Microsoft Dynamics 365 Finance version 10.0.39.
  • This feature allows users to clear reversal company transactions without matching them to bank statement transactions.
  • Criteria for finding original bank transactions in the Clear Reversal Bank Transaction feature include matching payment references, transaction types, and document types.
  • Running the clear reversal bank transaction rule reconciles both the original and reversal lines.

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