Process Payments Automatically
You must routinely apply incoming and outgoing payments made on your electronic bank site to the related business documents in Microsoft Dynamics NAV and then post the payments to customer, vendor, general ledger, and bank ledger entries to settle your payables and receivables accounts. You can use an automatic application function and other features in the General Journal window to quickly process payments based on bank statements that are imported from your electric bank site.
Note
If you do not process customer payments based on imported bank statements, or you do not need automatic application, you can perform the same tasks manually in the Payment Registration window. In this window you can use a simple overview of payments made, lump-sum posting, and other functions to find and create related sales documents. For more information, see How to: Process Payments Manually.
The following table describes a sequence of tasks, with links to the topics that describe them. These tasks are listed in the order in which they are generally performed.
| To | See |
|---|---|
Import bank statements from your electronic bank site into the General Journal window as the first step in payment processing. |
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Apply payments to open invoices or credit memos using an automatic application function in the General Journal window. Use mapping rules that map payments with debit or credit accounts and a balancing account according to text found in the payment description. |
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Learn how mapping rules specified in Account Mapping window help you apply payments automatically in the General Journal window. |
Example - Automatic Payment Application Based on Account Mapping |