Czech Local Functionality - Bank feature| Microsoft Docs

This feature provides improved efficiency and prevents user from making mistakes during entering the customer and vendor bank account data by capturing the bank specific information and eliminating the need to re-enter it every time. Such functionality is needed even more as more bank transactions are executed electronically.

Banking Setup

The new banking setup introduces:

General Information – assigning to bank account number
Numbering – Payment order numbers, bank statement numbers
Import, Export Information
Information for posting and applying
Settings for payment orders and bank statements

New fields are added on the Bank Account, Customer Bank Account and Vendor Bank Account pages.

Company Default Bank Account

The Default Bank Account Code field is added on the Company Information page.

Sales Documents and Bank Accounts

It is quite common for companies to have multiple bank accounts open with multiple banking institutions in order to lower the cost of financial transactions. For that purpose Business Central needs to enable users to select the preferred bank account to be printed on sales documents.

The Bank Account Code field is added on sales documents, and information from the selected bank account is transferred to the sales header.

Additional fields for payment identification are added to the sales header, such as Specific Symbol, Variable Symbol, and Constant Symbol. This information is transferred to the posted document and customer ledger entry during posting. This allows you to apply payments to invoices precisely.

Purchase Documents and Bank Accounts

It is quite common for vendors to have multiple bank accounts open with multiple banking institutions. For this purpose Business Central needs to enable users to select a vendor bank account for payment on purchase documents.

The Vendor Bank Account Code field is added on purchase documents and information from the selected vendor bank account is transferred to the purchase header.

Additional fields for payment identification were added to the purchase header, such as Specific Symbol, Variable Symbol, and Constant Symbol. This information is transferred to the posted document and vendor ledger entry during posting. This allows you to use this information for payments suggesting and application.

Bank Statement and Payment Orders

This allows you to create payment orders and bank statements. An unlimited number of bank accounts can be registered for various banking institutions and in different currencies. You can import and export files (listings and orders) from banking software.

Main Features:

Create, post and export a payment order
Create, import, and post a bank statement
Bank statement rollover into a payment reconciliation journal
Pairing entries in the payment reconciliation journal and posting

Other Supported Features:

The Payment Order and Bank Statement pages can be used in addition to their own import/export functions and standard tools for the definition of import and export formats of banking components.
Only the standard payment reconciliation journal is used to process statement files. The standard options for automatic alignment of the options are extended by specification. For example, the O variable symbol has been extended for payment comparison rules.
Additional information and rules for calculating payments and text-based account mapping.
Text mapping of accounts - for automatic matching of bank statement entries from the text given in the description, extension and mapping of accounts according to the variable symbol, constant symbol, specific symbol, bank account, IBAN code, and SWIFT.
Payment reconciliation journal - the option to start and change automatically.