Bank Transaction FactBox in Posted Entries
Business Value
The details supplied by the bank for a transaction – purpose text, counterparty, references – used to be available only in the payment reconciliation journal. Once posted, the entry was cut off from them: for follow-up questions, troubleshooting or an audit, the corresponding bank transaction had to be looked up again, usually outside of Business Central.
With the Bank Transaction FactBox in posted entries, the full bank context is available directly in the posted entry.
Feature Description
The Bank Transaction FactBox is available in the following entry lists:
- Customer Ledger Entries
- Vendor Ledger Entries
- Employee Ledger Entries
- General Ledger Entries
- Bank Account Ledger Entries
It is the same FactBox as in the payment reconciliation journal – with purpose text, the counterparty details (Sender or Recipient depending on the payment direction), references and classification. In posted entries it works in read-only mode; the jump into the reconciliation rules is omitted, because there is no journal line left for a rule to be applied to. See Dynamic FactBox Captions.
The FactBox is only shown when bank transaction details actually exist for the entry. For manual postings or entries from other sources it stays hidden.
Details are fetched on demand
If the bank transaction details for an entry are no longer stored locally, they are requested from the banking service once. This applies only to bank accounts that are connected as a bank account through 365 business Banking – not to payment service providers. Unsuccessful requests are noted per session, so that scrolling through an entry list does not trigger repeated requests.
Retention policy
The bank transaction details table is enabled for retention policies. You can therefore control how long the bank details are kept; the bank posting date is used for evaluation.
For more information, see Bank Account Reconciliation.