![]() ![]() Dynamics 365 supports three default bank statement formats: ISO20022, MT940, and BAI2. This article covers how to establish your import capability for bank statements. Microsoft Dynamics 365 permits the importation of electronic bank statements and their reconciliation with bank transactions. The bank reconciliation tool in Microsoft Dynamics 365 allows you to import electronic bank statements and automatically reconcile them with bank transactions. As a result, you eliminate the need to manually enter your bank account transactions and eliminate the related time and expense. If you’d want to learn more about Dynamics 365, you can also check out our blogs for additional information.Īutomated Bank Reconciliation is a relatively new feature that helps expedite the accounting process by comparing your bank statement or bank account with accounting documents. ![]() ![]() So, if you wish to quit wasting time with manual bank reconciliations, this post is for you. ![]() This approach will typically clear 95% of all financial transactions, leaving a tiny percentage for human interaction and processing. Who dislikes automation? Discover how Dynamics 365 facilitates automated bank reconciliation by importing bank data and matching criteria. In this blog post, you will learn how to configure Automated Bank Reconciliation in Microsoft Dynamics 365 Finance. ![]()
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