Advanced Bank Reconciliation-Setting up import

bank statement format through Electronic

reporting in Microsoft Dynamics 365 finance and
operations.

Prepared by : Sandeep Deshpande

Introduction
• Many of us observed the recent changes on Advance bank
reconciliation that now we don’t need to create the data project
for bank statement format using data management and now its
completely based on electronic reporting framework.
• Now many of us couldn’t figure out how these configurations
can be availed??? Do we need to create from scratch or is it
something ready to use???
• So, yes this is available on LCS, and we can use that.
Step 1- Navigate to electronic reporting service.
Select the configuration provider→repositories
Login to LCS repositories (Import require
model)
After clicking the repositories option
Select Global and click open option
After clicking open option
Click the import option from the configurations grid.
After clicking the import option.
After clicking yes
Click reporting configuration option by clicking the
option.
View imported configuration files
Setup bank statement format in cash and
bank management setup
After selection of format
Same format selection in the Bank Account
After selection of format
MT940 format
Create a Matching Rule
Matching rule setup
Created a New Bank Account for advanced
bank reconciliation
To import bank statements, click Reconcile
tab from action pane
After clicking the Bank statement option from the group. Click
new option to upload a bank statement.
Import bank statement
After clicking the import statement option
After clicking the upload option, system will
enable the ok option.
After clicking ok, system will upload the bank
statement in the System as per file
Once the statement is uploaded the
statement status is open.
Validate the statement for any errors from the
action pane.
After validated the bank statement
Reconcile the Bank statement from Bank reconciliation option.
After clicking the Bank reconciliation option. Click New option
for bank reconciliation as per month required.
Continued.
Click the worksheet option to do the bank reconciliation process.
After clicking the worksheet option
Run a matching rules for to reconcile the statement
After clicking ok, system will match the Bank statement with bank transactions
and move it to the Matched transactions grid.
After matching the transactions marked as
reconciled.
After the process of mark reconciled completed.
After clicking the print reconciliation
statement report
After reconciled system will change the status
of bank statement as Reconciled.
Bank statement lines are also updated as
Reconciled.
Post the reconcile statement
After clicking the post option
Statement status changed to posted
In bank transactions system updates the line
as reconciled.