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

 

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