Microsoft Dynamics 365 Business Central. Set up a Bank Account.
In Business Central, we can use bank accounts to keep
track of our banking transactions.
We can set up features for importing and exporting bank
files, use the Bank Reconciliation feature to reconcile our bank
accounts, and use options for printing cheques.
This video shows the basic settings for setting up a bank account.
To create a new bank account, in the Search field,
we'll enter "Bank Accounts" and then choose the Bank Accounts
link in the search results.
Now we'll choose New to create a new bank account.
To start with, we'll need to give the account a number.
This is the identifier for the account in Business Central,
and not the account number that we were given by our bank.
If we've defined a number series for bank accounts,
the Number field will already contain a number.
We'll give our new account a Name, and then define
the Bank Sort Code and Bank Account Number.
On the Communication FastTab, we'll enter contact information for
the bank.
On the Posting FastTab, we'll define the currency we
use for the account.
If we only use the local currency,
we can leave the field blank.
Now we'll specify the Last Cheque Number issued by this bank
The Bank Account Posting Group is important because it defines
a general ledger account that the bank account will use
as a control account.
On the Transfer FastTab, we'll specify the SWIFT code
and IBAN of the bank account.
Here we can also define the Bank Statement Import Format
and the Payment Export Format based on the file formats
we want to use when we import statements and export
payment files.
Alright, our bank account is ready to use.
