Manual bank reconciliation in Microsoft Dynamics 365 Finance and Operations one version D365FO

Manual bank reconciliation in Microsoft Dynamics 365 Finance and Operations one version D365FO

• Enable bank account for advanced reconciliation (Reco fast tab)
• Go to bank and then reconcile tab
• Create a bank statement manually
  • Create statement ID and statement lines corresponding to vendor payments
  • Validate and post (in case of additional charges)
  • Load all bank statement and D365FO would create a bank reco journal using the cut off date (aggregating imported transactions)
• Open bank reconciliation (journal) Cash and bank management-Bank statement reconciliation-Bank reconciliation (click lines and reconcile)
  • Verify the validated bank statement is automatically assigned when the reconciliation header is created using the date cut off criteria.
  • Create new journal using the new cut-off date if not already created (it is not created automatically when there are other unreconciled journals)
  • Match bank stmt lines with D365FO bank transactions and click on reconcile