Setting up 365 business Banking
Setting up 365 business Banking in the recommended order: license, bank access, bank accounts, general ledger, payment methods and documents.
Installation already creates a basic setup (number series, defaults, codes and report selection), see What installation sets up. The remaining steps depend on what you use 365 business Banking for in Microsoft Dynamics 365 Business Central: retrieving and applying transactions requires fewer steps than payments and direct debits.
Recommended order
| Step | What | When needed | Page |
|---|---|---|---|
| 1 | Activate the license, assign permission sets | always | Permissions and licenses |
| 2 | Banking Setup and Company bank access | always, even without PSD2/XS2A, because verification of payee requires it | Banking setup |
| 3 | Set up an EBICS participant | EBICS only | Set up an EBICS participant |
| 4 | Connect bank accounts | always | Connect a bank account |
| 5 | Check the settings of the Banking Setup | always, especially reconciliation line posting | Banking Setup |
| 6 | Clearing accounts in the general posting setup | if you choose Use Clearing Account or post deferrals | Clearing accounts in the general posting setup |
| 7 | Banking Payment Method on the payment methods | for payments and direct debits | Payment methods |
| 8 | Journal batches with bank account and payment method code | for payments and direct debits | Journal batches for banking |
| 9 | Payment application settings, context words, split rules | for automatic application; the defaults are suitable to start with | Payment application settings |
| 10 | Report selection and email scenarios | if you send remittance advices, prenotifications or mandates | Report selection and email |
| 11 | Retention policies | recommended as soon as data accumulates | Retention policies |
Defaults only the first time
Installation sets Bank Account Reconciliation Line Posting to Direct Posting and Create Bank Accounts to Yes, once per company. Settings that you make in Banking Setup afterwards are not overwritten by a reinstallation.
For how the steps fit together in a first run, see Get started.
Setup pages
Further settings
- ZKA codes: The business transaction codes of the German banking industry that banks transmit with transactions. See ZKA codes.
- SEPA purpose codes: Codes for the purpose of a payment. See SEPA purpose codes.
- Context words: Words that help application recognize document numbers in the payment reference. See Context words.
- Bank transaction split rules: Split transactions into several lines automatically on retrieval. See Bank transaction split rules.
- Own bank accounts: Your own IBANs for which no customer or vendor bank accounts are created. See Own bank accounts.
- Role center: Where you find the setup pages. See Role center actions for banking.