Advanced & Auto Bank Reconciliation in Dynamics 365 Finance

Dynamics 365 Finance

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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