Business Functionality

Overview

Ready to learn more about Banking720 and how to use it? Check out some of our resources, which include detailed documentation on setup and user guides.

To	See
Get familiar with general basic features and functionality	Basic functionality
Connect Business Central to your bank	Bank connection setup
Create, send and track payments	Payments
Import bank statements and reconcile bank transactions	Bank statements and reconciliation

General basic functionality

Banking720 connects Microsoft Dynamics 365 Business Central directly to your bank. You can manage payments, bank transactions and reconciliation from a single system, using the pages, journals and processes you already know.

• Direct bank integration: Manage banking processes without manual file transfers or separate banking tools.
• Payments: Create and send payments from standard payment journals and track their status.
• Bank statements: Retrieve bank statements and bank transactions automatically.
• Reconciliation: Import bank transactions into the standard Business Central bank reconciliation.

Usage

It is very easy to get advantage of the process coming with Banking720.

1. Connect your bank

   Configure the bank connection from the Banking720 setup.

2. Create payments

   Create payments in the standard payment journals and send them to the bank.

3. Follow the payment status

   Monitor whether payments are approved, processed, completed or rejected, and read the feedback from the bank directly in Business Central.

4. Import bank statements and reconcile

   Retrieve bank statements and transactions automatically, and reconcile them using the standard bank reconciliation.

important

Before sending payments or retrieving bank statements you need to connect your bank from the Banking720 setup.