Automate Payment Reconciliation

Business Value

Manually retrieving bank transactions and then matching them against open entries takes time every day. By automating this process, companies can ensure that bank transactions are regularly retrieved and matched without manual intervention — payment reconciliation runs in the background while employees focus on value-adding activities.

Feature Description

365 business Banking allows the bank transaction retrieval and automatic matching process to be automated per bank account using a job queue entry in Microsoft Dynamics 365 Business Central. The job queue entry regularly retrieves new transactions, updates the Payment Reconciliation Journal, and performs automatic matching.

If the bank requires multi-factor authentication, the job queue entry is automatically paused until authentication has been completed manually.

For more information on setting up automation, see the article Automate Payment Reconciliation.