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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Bank Reconciliation on...
Small and medium business | Business Central, N...
Suggested Answer

Bank Reconciliation on G/L Account

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Posted on by MW-10101355-0 4
Is it possible to do bank reconciliation on G/L Account rather doing on a bank account. We missed to create the bank account and team posted directly into G/L account. is there any way to do reconciliation on G/L account?
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Dynamics 365 Business Central
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  • Suggested answer
    Yi Yong Profile Picture
    Yi Yong 2,555 Super User 2025 Season 2 on at
    Hello,
     
    Bank Reconcilation can only be done on entries posted into Bank Account Ledger Entries.
    Entries posted into the G/L Account directly are not taken into account for.
     
    It is important to set the Direct Posting to False for the Bank's G/L Account in order to avoid this.
     
     
    Your best bet now is to pass manual journal of all the entries into the subledger.
  • INITMAN007 Profile Picture
    INITMAN007 362 on at
    Hi,
     
    Yi Long is correct in his answer.
     
    Depending on how many transactions there are you could do the following:
     
    1 Match the transaction in the G/L account until they both match i.e balance per G/L would equal balance per bank statements.
     
    2 Once everything matches, create a bank account and carry on from there as normal.
  • Suggested answer
    Nyakinyua Profile Picture
    Nyakinyua 55 on at
    Since you won’t be able to use the standard bank reconciliation functionality on the G/L account, I would suggest you post a reversal entry to the G/L account where the transactions were initially posted then create a new entry that posts the same amounts to the Bank Account.
  • Suggested answer
    Valentin Castravet Profile Picture
    Valentin Castravet 31,340 Super User 2025 Season 2 on at
    No, it’s not possible to perform bank reconciliation against the G/L account directly. If you have a lot of transactions, you can manually reconcile the G/L transactions outside the system, such as in Excel, and then transfer the balance to the bank account card at the end of the month.
     

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