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.
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.
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.