Payment Receipts

VAT Display in Payment Reconciliation Journal

365 business Banking shows the VAT rate, VAT amount and VAT base of a payment reconciliation journal line before you post it.

Business Value

If you post bank fees or subscriptions with VAT directly from the payment reconciliation, you see the tax split directly on the line. No manual calculation is required, and you check the tax before posting instead of in the posted entries.

Feature Description

The payment reconciliation journal lines show the VAT %, VAT Amount and VAT Base Amount fields. VAT % comes from the VAT posting setup for the line's VAT Bus. Posting Group and VAT Prod. Posting Group. The line's amount counts as the gross amount. The fields cannot be edited and are recalculated as soon as the amount or a VAT posting group changes.

The payment reconciliation journal with posting type, posting groups and VAT posting groups per line and the VAT %, VAT Amount and VAT Base Amount columns, including a line without VAT

Details: Posting setup and clearing accounts

Last modified on October 7, 2026

Pending Bank Entries Reverse Posted Payment Reconciliation