On Bank statement, posting date cannot be selected for transactions mark as
new. Then transactions is posted at bank statement creation date.
When bank statement line is created with May30th, accounting distributions form is showing accounting date with today's date. The expected posting date should be the statement date, not today's date.
Comments
I personally see this as a design defect and flaw and I cannot imagine how other customers handle this. The bank reconciliation is really a fundamental accounting principal but the process cannot be fully supported based on the current functionality that lays within the advance bank reconciliation in Dynamics. As noted and explained previously, the business will always have a discrepancy between the accounting records posted to GL vs the transactions executed on the banks side. The two sources will never be mirrored.So what is the real purpose of having any matching rules configured with the “Action” set to “Mark new transactions” in this case. The functionality doesn´t support the base so why should we map any transaction codes to bank transaction types. This is very misleading from an accounting and audit perspective, and I highly doubt that this is accepted somehow from an internal accounting group perspective.As noted, the voucher date when the records are posted to GL are indeed todays date or equal to the date when you imported posted the “New” transactions.This is the issue that we are currently facing. The system should consider the value date in the statement lines and set that to the posting date on voucher level.
Category: Cash and bank management
Efectivamente debe mejorar esta funcionalidad de marcar transacciones como nuevas con la fecha de la transacción y no con la fecha de creacion del extracto bancario. Debe aplicar directamente desde el extracto bancario y tambien desde la hoja de calculo. Por favor su pronta gestión a la solución ya sea creando de forma manual o por carga el extracto bancario. Mientras se soluciona este incidente a los clientes les toca solventar este incidente cambiando la fecha de sesión del sistema para poder marcar como nuevas las transacciones en el cierre de la conciliacion. Gracias!
Category: Cash and bank management
Dear product group, we just had another partner emphasizing the need for a change in this current design.
Following their insight: "This is a bug need to be fixed.
The function auto create journal, (the match rule) can’t be used when the posting date doesn’t match the bank statement booking date. Specially the bank fees normally happen at the end of the month. The file will be imported earliest the first date of next month. It will be caused different balance between the bank statement and bank transaction at the end of the month. "
Kindly review the matter again and reconsider the possible design change.
Category: Cash and bank management
Please give an information when do you plan to fix this issue as it is stopping point for using the functionality..
Category: Cash and bank management
To fix this issue it takes 5 minutes of work (we have fixed this internally).
Please fix this as soon as possible since Bank statement is never received on actual statement date.
Category: Cash and bank management
We have dozens of legal entities and need to use the Adv Bank reconciliation but can’t because of this issue.
Category: Cash and bank management
I personally see this as a design defect and flaw and I cannot imagine how other customers handle this. The bank reconciliation is really a fundamental accounting principal but the process cannot be fully supported based on the current functionality that lays within the advance bank reconciliation in Dynamics. As noted and explained previously, the business will always have a discrepancy between the accounting records posted to GL vs the transactions executed on the banks side. The two sources will never be mirrored.
So what is the real purpose of having any matching rules configured with the “Action” set to “Mark new transactions” in this case. The functionality doesn´t support the base so why should we map any transaction codes to bank transaction types. This is very misleading from an accounting and audit perspective, and I highly doubt that this is accepted somehow from an internal accounting group perspective.
As noted, the voucher date when the records are posted to GL are indeed todays date or equal to the date when you imported posted the “New” transactions.
This is the issue that we are currently facing. The system should consider the value date in the statement lines and set that to the posting date on voucher level.
Category: Cash and bank management
The business impact of the issue is inability to use “mark as new” function during the bank reconciliation because of probability of a transaction to be posted into the next fiscal period.
Even if we do a reconciliation daily bank sends a statement for a previous business day the next day. It means that we receive the last statement in the month the next day which is already in a new fiscal period. D365 will post any “new” transaction by todays date while they must be posted into the previous period.
It became even more complicated if a company decides to do a bank reconciliation once at the end of the month (meaning first date of the next fiscal period)
Category: Cash and bank management
Administrator on 1/5/2023 6:57:42 PM
This is delivered as part of February 2023 release.