Learn how to streamline bank reconciliation processes in microsoft dynamics ax and d365 with revertis' expert guidance. This guide will walk you through the two fundamental components of setting up and testing the advanced bank reconciliation functionality in dynamics 365 This feature enables businesses to import electronic bank statements and automatically reconcile them with bank transactions In this two part blog series, we will explain the reconciliation process in detail, from importing the electronic bank statement to validating and reconciling the statement. In this article, we will explore the key configurations required for advanced bank reconciliation, including bank statement formats, matching rules. The advanced bank reconciliation feature lets you import electronic bank statements and automatically reconcile them with bank transactions in dynamics 365 finance
This article explains the reconciliation process. A bank reconciliation is the matching process between a company’s cash account balance and its bank account balance (displayed on the bank account statement). In the latest version microsoft dynamics 365 finance and operations (d365fo), the advanced bank reconciliation can be done via elecroic reporting (er), this feature allows you to automate this process using formats like mt940, bai2, and iso20022.
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