Microsoft Dynamics NAV 2017 is designed to have ready-to-use financial statements available that allow you to gain accessible insights into the financial performance of your business including Payment Reconciliations.
In Microsoft Dynamics NAV, you can reconcile your bank payments in the Payment Reconciliation Journal, completing payments and reconciliation in one place and in one step. Now in NAV 2017, you can match customer payments, vendor payments, and bank transactions all in the Payment Reconciliation journal. Furthermore, your company can also filter the statement information to view only the transactions that need attention, hiding those that do not. You can see a summary of outstanding bank information and drill-down to see the detail in payment reconciliation. To verify before posting the reconciliation, you can print the outstanding bank information on a test report.
Enhanced Financial Management in NAV 2017 with Reconciling Bank Payments can help your organization:
Achieve an Efficient Payment Reconciliation Protocol: Display only unmatched transactions and match transactions against customer, vendor, and bank accounts. Easily adjust for unmatched transactions using a straightforward entry. View open transactions to verify your bank account.
Avoid doing Double Work: Use a single-step process to match all transactions at once, then post and update the bank reconciliation at the same time.
Eliminate Errors: –Set security permissions for one person to import statements in the enhanced, secure end-to-end process.
Learn more about Microsoft Dynamics NAV 2017 Features