This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.
The first of the new functionality in the application section is better bank reconciliation for checks and improved reporting.
Bank reconciliation is a key task in every company and performing the task efficiently is important to every finance department. Better matching rules improve the speed with which bank reconciliation is done.
Enabled for: users, automatically
General Availability: October 2022
In bank reconciliation, there is now a match for check entries from the bank based on information from the check ledger. This gives a much higher degree of match confidence than only using information from the bank ledger. The matching rules are also made more clear, and more rules are added to increase matching success rates.
The test report has been changed so the G/L Account Balance field now shows the balance on the real G/L account at the statement ending balance date. This lets you easily detect direct postings to the G/L account. Direct posting to G/L accounts often leads to errors in bank reconciliation.