D365 Finance & Operations and Dynamics AX Forum

Expand all | Collapse all

Journal entry in Bank account

Jump to Best Answer
  • 1.  Journal entry in Bank account

    GOLD CONTRIBUTOR
    Posted Apr 06, 2020 04:57 PM
    Hello all,

    IF we did a JE in a GL bank account, will this JE be visible in Bank Rec Module?

    Thanks

    Richard

    ------------------------------
    Richard Malouin CPA, CGA
    Senior analyst
    PSP Investments
    ------------------------------
    Academy - Online Interactive Learning from Experts


  • 2.  RE: Journal entry in Bank account

    Posted Apr 07, 2020 03:11 AM
    Hi Richard,

    If I understand your question you are trying to post a journal to a GL main account. These transactions would not appear in the Bank Reconciliation; the only transactions you will see are those where you post to Bank Accounts setup in the Cash & Bank Management module.

    By posting directly to the GL you would effectively create a value disparity between the Bank Account and the GL Account. If there are pre-existing transactions like this already in your environment you can view them via the report: Cash & Bank Management > Periodic Tasks > Bank to Ledger Reconciliation Report.

    May I ask what you're trying to achieve/address via a direct GL posting?

    Ash

    ------------------------------
    Ash Sharma
    Director
    ERP Solution Advisors Ltd
    ------------------------------

    Academy - Online Interactive Learning from Experts


  • 3.  RE: Journal entry in Bank account
    Best Answer

    TOP CONTRIBUTOR
    Posted Apr 07, 2020 11:16 AM
    For the General Journal to show up in your bank reconciliation you must set the 'Account type' to Bank not 'Ledger' and the main account for the bank.  By doing this you have entered it into the Bank subledger.

    ------------------------------
    Stacy Black
    Senior Application Consultant
    MCA Connect
    Mukilteo WA
    ------------------------------

    Academy - Online Interactive Learning from Experts


  • 4.  RE: Journal entry in Bank account

    GOLD CONTRIBUTOR
    Posted Apr 07, 2020 04:36 PM
    Thank you Stacy. It's exactly what i found.

    ------------------------------
    Richard Malouin CPA, CGA
    Senior analyst
    PSP Investments
    ------------------------------

    Academy - Online Interactive Learning from Experts


If you've found this thread useful, dive deeper into User Group community content by role