Setting up payment posting
This setup is important for determining the posting of payments and the corresponding accounts to be used. This additional setup enables the distinction between the bank account used for issuing payments and the one where they are posted.
For example, when you schedule future payments to be sent to the bank 14 days ahead but want to post it. Rather than allowing payments for the next 14 days to reduce the balance, you can proactively post them to the G/L account. This immediate posting to the G/L account ensures that the bank account accurately reflects the correct balance in Business Central.
To set up the payment posting:
Search (
) for and select Payment Posting Setup.You can specify how payments are posted based on the selected payment method and bank account. Optionally, you can:
- Pay from one bank account and post the transaction to another.
- Post the transaction directly to a General Ledger (G/L) account.
For example, you might process a payment from an operating bank account but post it to a specific G/L account, regardless of the payment method. This configuration is optional and depends on your business needs.
