Plaza 365
Plaza 365

No results found for your search

RegisterLog in

3

Advance Bank Reconciliation – Setup – Part 1

Visit article

#bank

#reconciliation

#setup

Dynamics 365 Finance

Category

Oct 17, 2024

Published date

Text

Article Type

AI Summary

  • Microsoft Dynamics 365's Advanced Bank Reconciliation feature automates time-consuming and error-prone tasks, saving time and improving accuracy for treasury teams.
  • The article details essential configuration steps for setting up Advance Bank Reconciliation, including importing the model and format, setting up bank statement formats, mapping transaction codes, and creating reconciliation matching rules.
  • Steps include importing the MT940 format into reporting configurations, setting up the format on a bank account, mapping transaction codes, creating matching rules, and executing the reconciliation process.
  • The process involves creating matching rules for reconciling bank statement transactions with D365 transactions, validating and confirming imported statements, running the matching rule set, and marking statements as reconciled.
  • Advanced Bank Reconciliation offers automation capabilities post-configuration, allowing for the automated import, processing, validation, matching rule execution, and reconciliation marking of bank statements.

Registered users can view the full text for FREE!

Sign In Now!

Cookies Consent

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies.