Bank transaction reversal - How to reconcile

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Posted on by Community Member

Hi,

I'm new to D365. I have a question regarding bank reversal.

We have a bank transaction which was posted erroneously to the bank and we have reversed it. Both the transaction and the reversal appear in bank module. When I do an advanced bank reconciliation, I do not have a corresponding line in bank statement ( as this was an error from our end). How can I mark the bank transaction and its reversal as reconciled so that it does not appear in the bank reconciliation as an un-reconciled item.

Thanks.

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Financial Management

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Agnes Lee 162 on at

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RE: Bank transaction reversal - How to reconcile

Hi Arrunha, are you in D365 F&) ? if yes, you can reconcile bank transaction (ie GL transaction posted to bank account) from here.

Cash and bank management > Bank statement reconciliation > Bank transactions

Mark the transactions that are reversing each other, and then click [Reconcile transactions]

You can only reconcile bank transactions this way, if the transactions have opposite amount, same document reference and document type = "Other"
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binitshah 660 on at

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RE: Bank transaction reversal - How to reconcile

I believe you will have to do a manual reconciliation in this case as the same is not available in the bank statement.