- The article discusses the importance of bank reconciliation in accounting software and how Dynamics 365 Finance offers two methods for performing bank reconciliations.
- The second method, which involves importing the bank statement and letting the system match the records, is considered easier, flexible, and time-saving.
- The article focuses specifically on the MT490 bank statement format and explains how to set up the system to accept this format.
- It also explains how to configure the bank master to enable advanced bank reconciliations and create a set of rules for minor amount/date variations.
- The article provides step-by-step instructions on how to perform bank reconciliation using the imported bank statement.
- It explains how to define matching rules based on date and amount difference and create a reconciliation matching rule set.
- The article also mentions the option to automatically reconcile bank statements upon import by enabling the "Reconcile after import" parameter.
- Finally, it concludes by summarizing the topic of advanced bank reconciliation in Dynamics 365 Finance.
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