Manual Bank Reconciliation Setup for Posting Correction Amounts in Dynamics AX 2012

by | August 12, 2016 | Dynamics AX, Financials

When you receive your bank statement from the bank, checks, deposits or miscellaneous transactions are not always the same as what is in Dynamics AX. This article will show you how to setup manual bank reconciliation and post those correction differences in in Dynamics AX 2012.

Set up Manual Bank Reconciliation in Dynamics AX

Select a main account for each Bank transaction type. This will be the offset account on bank transaction lines in your bank reconciliation that have a correction amount.

Bank Transaction Types

For example, when you have a correction amount in the bank account reconciliation for an AP Check, the account number you setup in the Bank Transaction Type screen, will automatically appear in the Main account field. (See below)

Account Reconciliation

 

With the Correction amount transaction selected/highlighted, change the dimensions in the Financial dimension Tab, to where you want the correction amount to be applied to.

Account Reconciliation

 

When you click on Reconcile account, it will create and post those Correction amount entries.

Account Reconciliation Infolog

 

Click on Voucher and you will see the posted entries it made for the Correction amounts.

Account Reconciliation Voucher Transactions

 

Related Posts

  • The Safari browser is now supported natively on Dynamics AX 2012 R2 as well as being supported on Dynamics AX RTM with a hotfix.  Taken from the updated System Requirements…

  • I put together some certification information on the requirements for Microsoft Dynamics AX 2012 and a proposed training roadmap to get to each of the core certifications.  Rather than have this…

  • With the announcement of the release of Microsoft Dynamics AX 2012 R2, Microsoft released an updated system requirements document for AX 2012: http://www.microsoft.com/en-us/download/details.aspx?id=11094.  Windows 2012 Server is now supported, but…

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Upcoming Events

january

14jan11:00 am12:00 pmConfab with Stoneridge - Livestream - Looking Forward: Predictions for Technology in 2021

20jan10:00 am10:30 amThe Modern Manufacturer - Demand Forecasting Functionality

27jan12:00 pm12:45 pmFour Keys to Choosing the Best ERP or CRM Solution: Part 1 – Fit

28jan11:00 am12:00 pmConfab with Stoneridge - Livestream - Ask the Experts!

february

03feb10:00 am10:30 amThe Modern Manufacturer - Enterprise Asset Management

03feb12:00 pm12:45 pmFour Keys to Choosing the Best ERP or CRM Solution: Part 2 – Platform

10feb12:00 pm12:45 pmFour Keys to Choosing the Best ERP or CRM Solution: Part 3 – Implementation Partner

11feb11:00 am12:00 pmConfab with Stoneridge - Livestream - Live Agents, Power Virtual Agents, Omnichannel – Oh My!

16feb12:00 pm12:45 pmFour Keys to Choosing the Best ERP or CRM Solution: Part 4 – Cost

17feb10:00 am10:30 amThe Modern Manufacturer - Machine Maintenance Work Orders

25feb11:00 am12:00 pmConfab with Stoneridge - Livestream - Surfing Through the Dynamics 365 Wave 1 2021 Release

About Stoneridge
Stoneridge Software is a unique Microsoft Gold Partner, with emphasis on partner. With specialties in Microsoft Dynamics 365, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP and Microsoft Dynamics CRM, we focus on attracting the most knowledgeable experts in the field to our team, and prioritize delivering stellar solutions with maximum impact for your business. At Stoneridge, we are deeply committed to your results. Each engagement is met with a dedicated team, ready to provide thorough, tailored, and expert service. Based in Minnesota, we intentionally “step into your shoes,” wherever you are. We focus on what you care about, and develop trusting, long-term relationships with our clients.

Subscribe To Our Blog

Sign up to get periodic updates on the latest posts.

Thank you for subscribing!

X