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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Opening Balance is 0 w...
Finance | Project Operations, Human Resources, ...
Answered

Opening Balance is 0 when performing first Bank Reconciliation after migration

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Posted on by Maria Nastevska 177

Hi everyone,

 

My client recently migrated to D365 &O and I'm they're currently stuck to do the bank reconciliation as the opening balance is not showing in the account reconciliation page.

When i check the trial balance, the balance is there. We have migrated the Bank OB. 

What am I missing?

Account reconciliation page:

 

TB: 

  • Frank Hamelly | MVP, MCP, CSA Profile Picture
    Frank Hamelly | MVP... 46,633 Moderator on at
    What is "Bank OB"? Outstanding balance?  Does this mean you migrated individual outstanding transactions or just the bank balance?
  • Verified answer
    K_G Profile Picture
    K_G 146 on at
    When performing the bank migration, you need to identify the total bank balance that will be migrated. This will be made up of a reconciled amount, and the unreconciled amount.
    1. Post a journal for the reconciled amount to the bank.
    2. Create a dummy bank statement for the same value as this reconciled amount.
    3. Perform a bank reconciliation, matching the single entry from your dummy statement to the bank ledger balance.
     
    Now, for the bank balance made up of unreconciled entries, these need to be posted in an itemised format, this will ensure each entry appears as a separate line in your bank reconciliation worksheet and contains the details needed to perform a successful reconciliation.
    4. Post detailed itemised entries for the amount of your bank balance that has yet to be reconciled.
     
    This should now bring your total bank balance up to the correct figure, ensure the correct balance is showing as reconciled, and allow you to perform subsequent bank reconciliations.

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