Microsoft Dynamics NAV 2016 Financial Management - Second Edition

Bank reconciliation

The purpose of the bank reconciliation feature is to check whether the statements your bank provides you with agree with the bank account ledger entries that you have been creating while posting payments. It helps you check whether there is any cash movement that you have not posted into the system yet. At the end of a given period, the statement ending balance must equal the balance of the bank account in Dynamics NAV.

To create a new bank account reconciliation, follow these steps:

1. Go to Departments/Financial Management/Cash Management/Bank Account Reconciliations and click on New.
2. Select the WWB-OPERATING code in the Bank Account No. field.
3. Select 03/31/2017 as the statement date and write -600000 as the Statement Ending Balance ...