Summarize bank transactions from customer/vendor payment journals in Microsoft dynamics 365 finance and operations

Enabling this feature will allow an organization to post vendor and customer payments in separate vouchers but update the bank account in summary. New options are added to the journal name setup, allowing the flexibility to post payments in detail to the bank account for some journals but in summary for different journals. Payments included in the summarized amount posted to the bank account must exist in the same journal and have the same bank account, currency and transaction date.

Pre-requisites: Enable feature.

Setup number sequence

Setup and enable journal name for summarize transactions.

Create and post payment journal.

That’s it for this blog.

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