Prerequisite:
The Advanced Reconciliation is based of the standard workings of Business Central’s bank-/giro journal. It is therefore necessary that the bank-/giro journal and the bank accounts with Business Central are working without any issue.
Furthermore, the Advanced Reconciliation app only works when a SEPA file is used to import the transaction, it is therefore mandatory to use the import bank statement function or use the Micro Apps Bank Interface app to import the transactions.
To install the Advanced reconciliation app you simply navigate to the Microsoft Marketplace for Business Central apps (AppSource) via your own Business Central environment. From here you can automatically install the extension and make it available within every company in your Business Central environment.
For the correct working of the app, make sure that the setting for the Micro Apps Base App is set to “allowing HttpClient Request”.
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The Advanced reconciliation has a few settings that have impact on the way the extension works. Due to this, it is very helpful to go through the installation wizard. Navigate to the Advanced Reconciliation Wizard to start the configuration. The first step is to register yourself and to activate the trial or subscription.
With the trial, you can use the app two weeks free of charge. After the trial period, you need to activate the subscription. Make sure both fields are checked (like the example in the right picture.) By clicking on the register and App Card buttons
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The next step ask you if you want to leave the bank account no. empty. When you enable this option In the case that a bank journal line is unable to be applied to a posted vendor or customer entry and no G/L translation could be applied, that field Account no. in the bank-/giro journal will be cleared.
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The last step contains assigning the ‘Advanced Reconciliation permission set. For every user that uses the Advanced Reconciliation app and doesn’t have super rights, you need to set the Advanced Reconciliation permission. Open the user overview page with the button, select the user and assign the “Advanced Reconciliation” permission in the User Permission Sets tab. After this step you are done with the configuration.
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The Advanced Reconciliation app from Micro Apps, lets you reconcile based of different variables. Normally Business Central only reconciles when the there is a one-on-one match with one of the customer/vendor entries. With the Advanced Reconciliation app, the following scenario’s are able the be reconciled as well.
G/L Translations:
Set a keyword to which bank-/giro journal entries need to be translated to, with this function the description is used translate the text to a G/L account. The keyword are not case sensitive, e.q.: ‘Car lease’ and ‘Car Lease’ translate both to 4501.
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1) Single invoices – One-on-One
Payments that have a direct match with one invoices will be automatically matched based of the follow scenario’s: Invoice number or amount.
Example 1.1
Matching:
In this scenario, the payment will be matched based of the description with invoice no. PSI210064 even though the amount don’t match.
Example 1.2
Matching:
In this scenario, the payment will be matched based of the amount with invoice no. PSI210064. This is only the case if the description doesn’t match with any of the customers invoice no.
2) Multiple invoices – based of payment description
As can be seen in the examples below, Business Central allows you to automatically reconcile with multiple invoices based on the description that was given in the bank transaction.
Example 2.1
Matching:
The payment are matched with both invoices PSI210064 and PSI210036 based of the description that was provided by the customer.
Example 2.2
Matching:
The payment are matched with both invoices PSI210064 and PSI210036 based of the description that was provided by the customer.
3) Remaining amount:
With the new functionality reconciliation will also look at the remaining amount of the customers invoices and will try to perform a reconciliation based on the total remaining amount. The amount of the payment therefore needs exactly match up with the total amount remaining of the customer.
4) Translations:
This functionality lets you perform automatic translations based of keyword that are entered on the advanced reconciliation setup page. Based on the key words the app will changes the lines from account type: Customer to G/L account and set the specified account no. The translation is only performed if a match cant be performed with any of the other scenario’s.
Job queue:
The Advanced Reconciliation job queue lets you perform automatic applying of payments and invoices on a scheduled bases. The job queue uses the same logic for applying payments and invoices, the job queue goes through scenario 1 to 3.
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Want to resell one (or more) of the suggested apps. Click the button, fill out the (pop-up) form and we will get in touch with you.
Kastanjelaan 400, 5616 LZ Microlab Eindhoven info@micro-apps.com 040 – 303 23 29
Want to resell one (or more) of the suggested apps. Fill out the pop-up form and we will get in touch with you.
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