Bank Reconciliation

Like (2) Share

Report

Posted on 28 Feb 2024 22:57:45 by Community member

Hi, we are new to business central in the past 3 months. We are struggling with the bank reconciliation process. We have hundreds of transactions to match every month and cannot seem to balance each month. Is anyone else struggling with this process as well? Thank you.

Categories:

Dynamics 365 Business Central

All responses (8)

Answers (1)

MS-02102136-0 4 on 02 Oct 2024 at 21:39:03

Like (1)

Report

Bank Reconciliation

Hi there! The reason your GL and Bank account may not be matching is because when you post transactions to the bank you are using GL Account instead of Bank Account.

Your balancing account should always being Bank Account not GL Account.
Community member 6 on 01 Mar 2024 at 17:09:59

Like (1)

Report

Bank Reconciliation

I have the same issue.... the reconciliations are not very descriptive on the field names ... I have one number that doesn't match but not sure what it means. all transactions have been doublechecked. beginning and ending balances are correct. but the bank statement balance doesn't match. what is the formula for this calculation??
Verified answer

Jun Wang 7,659 Super User 2025 Season 1 on 29 Feb 2024 at 21:00:06

Like (3)

Report

Bank Reconciliation

first of all you need to check if some info on the test report make sense.

check if there are entries posted directly to account 101000, if yes, you need to exclude that amount cause direct posting bypassed bank ledger entries and won't reconcile

the amount to be reconciled should be the difference between balance last statement and statement ending balance. for example, balance last statement is 100 dollar, the statement ending balance is 300 dollar, you need to reconcile 200 dollars.

then user could use auto match together with manual matching to make sure the rows on each side match and total difference is zero.

in your case, though error messages shows on the test report, it doesn't mean you won't be able to post it.

if you believe the matching is correct, go ahead and post it

without further info, it is hard to recommend more steps but this might help you better understand the bank rec process.

hope it helps
Community member 17 on 29 Feb 2024 at 20:19:13

Like (1)

Report

Bank Reconciliation

Hi, good question. We've ticked and tied all the transactions from the bank statement to what was entered in D365. The bank rec test report shows Sum of Differences = 0. However, the Statement Ending Balance is not equal to the Total Balance. Thank you.
Suggested answer

Valentin Castravet 27,394 Super User 2025 Season 1 on 29 Feb 2024 at 19:42:23

Like (1)

Report

Bank Reconciliation

It is hard to help you without having more information, can you provide more details? Why are you not able to balance? Are transactions missing, or is it another reason?

Valentin Castravet

Zander ERP Services
Community member 17 on 28 Feb 2024 at 23:58:32

Like (1)

Report

Bank Reconciliation

Hi, we use the auto match feature. It's not helping. :(
Suggested answer

YUN ZHU 80,781 Super User 2025 Season 1 on 28 Feb 2024 at 23:16:48

Like (2)

Report

Bank Reconciliation

Hi, in the latest version (BC23), you can use the Copilot feature to automatically match, which is a bit smarter than the standard Auto match feature.

Introducing: Bank account reconciliation assistance with Copilot (2023 release wave 2)

https://learn.microsoft.com/en-us/dynamics365/business-central/bank-reconciliation-with-copilot?tabs=fromlist

https://www.youtube.com/watch?v=jhfwx1K0I7Y

https://learn.microsoft.com/en-us/dynamics365/release-plan/2023wave2/smb/dynamics365-business-central/complete-bank-account-reconciliation-faster-copilot?wt.mc_id=DX-MVP-5004336

Hope this helps.

Thanks.

ZHU
Suggested answer

Valentin Castravet 27,394 Super User 2025 Season 1 on 28 Feb 2024 at 23:12:31

Like (2)

Report

Bank Reconciliation

Was your system setup to automatically import bank statements, or do you do it all manually? Do you manually match each transaction one by one, or do you use the auto match feature? Lots of people struggle if bank reconciliations are not automated.

Valentin Castravet

Zander ERP Services