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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Going Live with Banking
Small and medium business | Business Central, N...
Answered

Going Live with Banking

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Posted on by john.ellis 3,510

Hi:

The following are steps that are being taken for going live with Banking:

(1) Set up the bank accounts,

(2) Test A/P processing including EFTs in a test company,

(3) Test conducting bank reconciliation including use of the Yodlee feed in a test company, and

(4) Import opening bank balances in a test company to agree to the G/L.

Is there anything else that should be conducted?

Thanks!

John

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  • Suggested answer
    Dallefeld Profile Picture
    Dallefeld 211 User Group Leader on at

    4 - you don't import just an opening balance. You need to make sure that your outstanding items (checks and deposits) are in your bank account(s). Generally, I put these in a GL journals with the bank on one said and the associated GL on the other (net zero effect on the GL. This does mean that you have to open direct posting on the GL accounts for the banks, post the journal and then turn direct posting off.

  • john.ellis Profile Picture
    john.ellis 3,510 on at

    Other than the importing, is there anything else?  :)

  • Verified answer
    YUN ZHU Profile Picture
    YUN ZHU 95,548 Super User 2025 Season 2 on at

    Hi, Steven shared a very nice Go Live Checklist. Hope this can give you some hints.

       

    pastedimage1661211270756v1.png

    Thanks.

    ZHU

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