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Posted on by Lanai Norris

Hello does anyone know when you link bank accounts why they don't show up on balance sheet?

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Gavin 2,508 on at

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Hi Lanai,

In Business Central you link the bank account to a Posting Group which holds the GL code which is updated when you post to the bank account. (G/L entries will be posted against the GL code and Bank Account Ledger Entries will be posted against the bank account)

For example in by demo company this bank account is linked to a Posting Group called "CHECKING".

If I look at the Posting Group you can see this is linked to a GL code 40100

Which is in turn shown in the Chart of Accounts:

** Please note you won't be able to post to the bank account until its been linked to a GL code.

As mentioned above when I post to this bank account G/L entries will be created against this GL code and bank account ledger entries against the bank account.

Hope this helps

Thanks

Gavin

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Maria Chambel on at

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Hi Lanai,

In this link you can also find a quick explanation about the Posting Group for Bank Accounts:

The Bank Account Posting Group - Microsoft Dynamics 365 Business Central - YouTube

Hope it helps.

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Lanai Norris 65 on at

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Got it. I got both bank account and amex card linked. Now when I assign transactions to post to certain accounts. What account am I assigning the amex payment? For ex. transactions came over for amex and there are debits & credit transaction. What G/L account should I post the amex payment?

Sorry so new to D365 BC.

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Maria Chambel on at

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Hello Lanai,

I cannot specify the G/L Account you should use, but check this link – it might give you an idea of the process:

Credit card set-up - Dynamics 365 Business Central Forum Community Forum

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Community Member on at

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Lanai,

The Chart of Accounts, GL Account, is linked to Bank Accounts via the Bank Posting Group definition on the Bank Account Card. So for example, if my GL Account for Checking = 11000, the I might setup a Bank Posting Group = Checking and enter this on the Bank Account Card called Checking. This is a requirement when transacting and posting against Bank Accounts.

Hope this helps.

Thanks,

Steve

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