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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / start up bank recon wi...
Small and medium business | Business Central, N...
Answered

start up bank recon with previous yrs of bank account ledger entries

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Posted on by jenny2020 40

Hi All

The company I work for has used Nav System since 2012 but only for sales/purchase invoice and jobs.

Recently it was decided to use Nav to manage the bank account in the coming financial year.

I am having difficulty to find a way to start the bank reconciliation from scratch since there are already bank account ledger entries since 2012.

So my question is

Should I enter one line of a same amount in bank statement to match up with the total of bank account leger entry since 2012 up to end of June 2020. And post it to get rid of previous bank account ledger entries.

Or if there is a way to stop the previous bank account ledger entries show up in the bank reconciliation panel?

 

 

Thanks in advance

 

Cheers

Jenny

  • jenny2020 Profile Picture
    jenny2020 40 on at
    RE: start up bank recon with previous yrs of bank account ledger entries

    thanks :)

  • Suggested answer
    JAngle Profile Picture
    JAngle 33,159 on at
    RE: start up bank recon with previous yrs of bank account ledger entries

    If the previous entries are not to be considered anymore I would post a bank rec that clears that. Start as fresh with a clean sub ledger. Use the "Suggest Lines" feature to copy from the right hand side to the left hand side of your bank rec. If necessary reset the statement no. from the bank account card once you've posted it. This is something you would do for posting opening balances when migrating from an old system.

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