Kim Dallefeld, MCP, MCT, MCP
Do you find Bank Reconciliation time-consuming?
Are you doing your Bank Reconciliations in Excel?
Recommendations:
Do your bank reconciliations in BC. This updates data and now any user, with the allowed permissions can verify if a check to a vendor was issued and note whether it has cleared or note.
All bank recs are stored, making it easy to provide auditor information.
Think of doing weekly or even daily bank recs. Afraid your auditors will not approve, ask them. I have asked and I quote “if you are doing bank recs daily or even weekly, you are much more in-charge of your account that a monthly reconciliation.’
Make sure that you are importing the bank activity, not using Suggest Lines.
Try using CoPilot which will allow you to map recurring charges automatically. For some users, this is a great addition to Business Central.