Linked Bank Accounts

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Posted on by john.ellis

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Hi:

We successfully linked several bank accounts online.

All of these accounts have balances online, but two them are not showing balances in the Bank Accounts List window within Business Central.

Specifically, a credit card account and a line of credit account are the two balances not showing in Business Central even though they are linked online.

Should the balances that we see online with the banks not appear in Business Central? Are they not appearing because they are credit accounts and therefore liability accounts and not cash?

Also, I turned off Direct Posting for these two liability accounts in the Chart of Accounts but kept Direct Posting turned on for the cash accounts representing the other linked bank accounts. Is that the correct approach?

Regardless of all of this, will the balances for these linked bank accounts regularly update in Business Central? If not, what's the purpose of linking the accounts?

Thank you!

John

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Dallefeld 11,425 User Group Leader on at

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RE: Linked Bank Accounts

John, the linking of bank accounts to BC provides what is needed to import bank statements and payment data automatically. It does nothing to change data in BC. Any bank account should have direct posting turned off otherwise you run the risk of your general ledger and you bank account not matching.
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Amit_Sharma 2,545 on at

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RE: Linked Bank Accounts

Recommended--> For Bank-- Accounts define in Bank Posting Groups, so it should be indirect posting.

But for Cash account- It should be Direct posting via JV or PJ

https://erpconsultors.com/how-to-create-journal-voucher-in-d365-bc/

Regards

Amit Sharma

www.erpconsultors.com