This is the second blog post of a series on configuring and processing electronic payments within Microsoft Dynamics 365 Business Central. Blog Series Links #1 -  Configuring Microsoft Dynamics 365 Business Central: Electronic Payments #2 - Microsoft Dynamics 365 Business Central: Processing Electronic Payments #3 - Microsoft Dynamics 365 Business Central: Electronic Payment Issues I've Encountered Microsoft Dynamics 365 Business Central: Processing Electronic Payments If you haven't configured the system yet to process electronic payments review my first blog of this series here .  Payment Journal Batch Setup When setting up the payment journal it's important to remember a few things that are required at the batch level: Bal. Account Type = Bank Account Bal. Account No. = XX Allow Payment Export = checked Processing Payments in Payment Journal Once you've setup your batch with the vendors you'd like to pay make sure the Recipient Bank Account field is populated. If

Closing year end within Dynamics 365 Business Central doesn't have to be a scary thing. There are a few steps to complete this task. I highly recommend creating a test company first so you can close and verify everything looks fine before doing the next steps within your production company. If you're not familiar with creating a test company check out this blog and have your system administrator create a test company for you.  Once you have a test company setup go ahead and log into that company. Verify via the chart of accounts that all accounts are set up with the correct Income/Balance type. You wouldn't want an account to be incorrect and then have to fix after closing out the income statement...what a pain that would be.  Next step is to close the accounting periods. Search for Accounting Periods and then select Process > Close Year. Once you select close year you will receive a pop up that says: This function closes the fiscal year from 01/01/20 to 12/31/20. Once