Bank Reconciliation

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Posted on by raoraheel

We have a policy of transferring all the balance from our operations bank account into a corporate bank account at the end of the month. I was wondering what impact it will have on our bank reconciliation?

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Syed Fasih 2,442 on at

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Do guys plan to record the inter-bank transfer in AX?

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raoraheel 85 on at

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Hi Syed,

Yes, we will use general journal to post this transfer using account type Bank

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Syed Fasih 2,442 on at

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You guys should be fine. The above transfer will not have any impact on the bank reconciliation.

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raoraheel 85 on at

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Sounds good. Thanks for confirming that!

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Ludwig Reinhard Microsoft Employee on at

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Hi Raheel Rao,

If you adivse your bank to do an actual transfer of the money from your operations bank account to your corporate bank account there should be an influence on your bank reconciliation.

The operations bank account should show a withdrawal and the corporate bank account should show a receipt. Nothing 'special' but there should be an influence on your bank statement import and the reconciliation process.

Best regards,

Ludwig

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raoraheel 85 on at

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Thanks Ludwig, this helps!

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