Payment Reconciliation in intercompany transaction.

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Posted on by Faizal Ansari

Hello All,

I have a question about payment reconciliation in intercompany transactions.

For example, ABC is the source company, and XYZ is the partner company. ABC purchases one unit of an item for $1000 from XYZ, and XYZ records the sale. Later, ABC pays $1000 to XYZ.

The following month, when I receive the bank statement, I need to perform payment reconciliation. I import the bank statement into ABC, match the transaction, and post it.

I want the system to automatically match and post the payment reconciliation in XYZ when I complete it in ABC. Is this possible? If not, how can I customize the process to achieve it?

please suggest me what should i do?

Regards,
Faizal

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Dynamics 365 Finance

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Morgan Bazin 95 on at

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I believe what you are asking for is way to create a customer payment journal that settles the intercompany invoice in XYZ when reconciling the bank statement for ABC.

I'm not aware of any out of the box way to achieve this, but you could look at designing a Power Automate flow to achieve this in an automated fashion.

Alternatively, I would suggest that the payment could be created during the bank reconciliation process for XYZ. Is there a reason that this wouldn't work for your scenario?

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