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Direct Posting -- Checking Account

Posted on by 3,480

Hi:

Regardless of whether the account is going to be used in a Bank Account Posting Group, is there a good reason to have "Direct Posting" turned on for a Checking Account?

Thanks!

John

  • Suggested answer
    Inge M. Bruvik Profile Picture
    Inge M. Bruvik 32,744 Moderator on at
    RE: Direct Posting -- Checking Account

    I fully support Kim's view here.

    Way to often we see examples of direct postings to G/L Accounts that should never had any direct postings in them and that cause trouble while reconciling the accounting.

  • Suggested answer
    S.Kawamura Profile Picture
    S.Kawamura 1,520 on at
    RE: Direct Posting -- Checking Account

    Hi,

    When using the Bank Account Posting Group, it is not recommended to turn "Direct Posting" On.

    Even if the Bank Account Posting Group is not used, it is better not to turn "Direct Posting" of CheckingAccount ON, but the system cannot determine if the account is a bank account or not.

    I hope this helps you.

    S.Kawamura

  • Suggested answer
    Manan_Shah Profile Picture
    Manan_Shah 1,457 on at
    RE: Direct Posting -- Checking Account

    Hi John,

    I suggest turn off the Direct Posting to Inventory, COGS and Purchase Account to avoid unnecessary posting by users. 


    Hope this will help.

    Many Thanks,
    Manan

  • Suggested answer
    Dynamics 365 Profile Picture
    Dynamics 365 on at
    RE: Direct Posting -- Checking Account

    Hello John,

    Hence it's not suggestable to make Direct Posting Boolean Turn ON instead of using Bank Account Posting Group.

    Because, While doing the transaction if you select the Balancing Account as a G/L Account then your Bank Account Ledger Entries not going to Impact and It will come issue while doing Bank Account Reconciliation.

    In Bank Account Reconciliation, For Balancing the statement system take form Bank Account Ledger Entries itself.

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    pastedimage1672376915892v2.png

    pastedimage1672376969037v3.png

    pastedimage1672376995608v4.png

    Bank Account Reconciliation

    pastedimage1672377042639v5.png

    Hope It will Help You,

    Please Verify my answer so that it will help others community also.

    Thanks

  • Suggested answer
    Dallefeld Profile Picture
    Dallefeld 11,423 User Group Leader on at
    RE: Direct Posting -- Checking Account

    Any general ledger account with a subsidiary (and that includes the Bank Accounts) should have direct posting turned OFF

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