Bank transaction type is not specified

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Posted on by Tim

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Over a year now I have been using the bank reconciliation feature in Dynamics 365 F&O, 10x without issue. Now I have been trying to mark one reconciled and an error shows up "Bank transaction type is not specified" and cannot post it. What could be causing this and how to resolve.

Installed product version : 10.0.13 (10.0.569.10005)Installed platform version : Update37 (7.0.5746.35600)

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Ramit Paul 22,797 Most Valuable Professional on at

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Hi,

Have you added any adjustment there? if so, you need to add the bank transaction type into the same form, do you have setup for that?

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Junaid Idrees on at

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Hi Tim,

There could be 02 reasons:

1. Did you selected "Bank transaction type is mandatory" checkbox in your method of payment screen for any of your payment method. Although system will not allow you to post any Vendor/Customer payment without specifying bank transaction type but till make sure.

2. Did you created any bank fee/charges transaction in your bank statement without specifying "Bank transaction type".

I have 10.0.13 product version and didnt face this issue while reconciling or statement posting.

Can you please share the screen print for further clarity.

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saurabh bharti 15,039 Moderator on at

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Hi Tim,

Do you see any discrepancy in your bank reconciliation?

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Tim 100 on at

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No entry was made that has not been done in the past, nor has there been any changes to the payment method, no bank transactions were created in the bank statement either.

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Ramit Paul 22,797 Most Valuable Professional on at

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Hi Tim,

Can you try to test with another bank if possible if this can be replicated?

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Tim 100 on at

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I have reconciled two other bank accounts this month without error, is there an error log that can provide more details of where this error is coming from,

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Ramit Paul 22,797 Most Valuable Professional on at

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I dont think so debugging will work in this as this might be related to configuration.

This actually happens if the bank transaction type is mandatory, however if you can replicate this with the same bank account then it must be some issue with your setup. otherwise it is a transaction issue.

You can check few things

in your same reconciliation, you can check if any corrections are doing ( you can find "New" marker if that is newly added there)

IN your check if you are adding any new lines.

If any of the above meets, this require bank transaction type to reconcile.

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Ludwig Reinhard Microsoft Employee on at

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Hi Tim,

On LCS there is a hint that this is by design.

Please see:

fix.lcs.dynamics.com/.../Details

Can you try the workaround stated:

.... use a new manual statement line as the adjustment

Best regards,

Ludwig

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Tim 100 on at

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In order to resolve it, I enabled the new feature "Enable update to bank transaction types for advanced bank reconciliation" then reviewed all the bank transactions posted that month and whatever ones that had a blank bank transaction type code I assigned a code. After that I was able to check the bank rec as reconciled without error.

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Junaid Idrees on at

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Hi Tim,

Glad to hear that your issues is resolved after enabling new feature, can you please mark your answer as verified to help others.

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