The Payment Reconciliation Journal feature in Microsoft Dynamics 365 Business Central is a huge time saver for finance professionals. It enables you to automatically (or manually) import banking data files and auto-match to transactions within Business Central. The Payment Reconciliation Journal feature also provides a match confidence to make the process even smoother.
Tag Archives: Payment
The Automatic Payment Reconciliation – How does it work?
The automatic payment reconciliation of Dynamics NAV and Business Central is great feature – load a statement file and match the open invoices within the blink of an eye. It’s every accountants dream and a basic feature in today’s world. Let’s have a quick but informative look into how it works and fill the gap the official documentation leaves.
Microsoft Dynamics NAV 2018 Employee Expenses and Payments
An in-depth look at a new feature added in Microsoft Dynamics NAV 2018, Employee Expenses and Payments, including setup and processing.
Setups required to perform Automated Clearing House (ACH) payments to Vendor Bank Accounts in Microsoft Dynamics NAV
Automated Clearing House (ACH) payments to vendors can be done through Microsoft Dynamics NAV. To do ACH payments, setup is required to be performed basically in four areas: Company information, Bank Account card, Vendor card and Vendor bank account.
How to Process Check Payments in Microsoft Dynamics NAV
This blog explains how to process check payments in Microsoft Dynamics NAV.
Posting Groups #14 – Payment Discounts
One of features in Microsoft Dynamics NAV is using of payment discount. You can configure conditions of using this functionality on General Ledger Setup. With this configuration, I mean on Appln. Rounding Precision and Payment Tolerance and types of Payment Accounts from Customer Posting Groups. More about this configuration, you can find using Help for these fields.
Posting Groups #12 – Payment Posting
When we post payments, we usually have payments for customers and from vendors. In the same time, we should have bank account posting as balance accounts. Bank account is not necessary, but it is the best practice.