Posting Setup in Payment Reconciliation Journals

In 365 business Banking you set posting type, posting groups, VAT and deferrals per line directly in the payment reconciliation journal.

Business Value

Correctly posting bank transactions requires more than assigning the right G/L account. Posting groups, VAT settings and dimensions must also be maintained consistently. In 365 business Banking, you define these parameters directly in the Payment Reconciliation Journal, manually or automatically through reconciliation rules.

Feature Description

365 business Banking extends the Payment Reconciliation Journal with an enhanced posting setup. Per bank transaction line, posting type, general and product posting groups, VAT posting groups, and a deferral code can be defined. These settings are automatically applied when the Payment Reconciliation Journal is posted.

The posting setup can be applied manually per line. Posting type, posting groups, VAT posting groups and dimensions are also set automatically by reconciliation rules whenever a transaction matches a defined criterion. You enter the deferral code manually.

For more information on the posting setup, see the article Posting setup and clearing accounts.