The initial setup of a Bank Account in ABR involves a few one-time steps.
In most cases, the Bank Account has been previously reconciled, either through the Dynamics GP Bank Reconciliation module, by a third party system, or by hand. Regardless of how the account has been reconciled in the past, those periods do not need to be reconciled again in ABR. However, it is important to make sure that the GL/Bank transactions that have been previously reconciled don’t show up in ABR. Once all the previously reconciled transactions are out of the system, then ABR is considered “clean” and ready for use.
The following guide will help clear out all previously reconciled transactions, as well as pull in any outstanding checks that are in a previously closed year.
Assumptions: For the purpose of this guide it is assumed that the Bank Account has already been setup in ABR. It is also assumed that the date is Feb 1st, and that the month of January has previously been reconciled with a number of checks still outstanding from both the previous year and the current year. A calendar year is being used for this example.
