Save Time, Reduce Errors: AI-Powered Bank Reconciliation within Microsoft Dynamics 365 Business Central – no external app needed!

Bank reconciliation has long been one of the most tedious tasks in accounting. Matching transactions line-by-line, identifying missing entries, and manually assigning general ledger codes can consume hours—especially for businesses with high transaction volumes. With Microsoft Dynamics 365 Business Central and Copilot AI, reconciliation becomes faster, smarter, and far less painful.

⏳ The Old Way: Manual Matching and Endless Clicks

Traditionally, accountants had to:

·       Import bank statements manually

·       Match each transaction to ledger entries

·       Investigate unmatched items

·         Assign G/L accounts manually

·         Post reconciliations only when perfectly balanced

This process could take 4–8 hours per month for mid-sized businesses, and even longer for those with complex payment structures.

🚀 The New Way: AI Bank Reconciliation with Copilot

Copilot in Business Central transforms this process by:

·         Auto-matching hundreds of transactions using AI logic

·         Suggesting G/L accounts for unmatched entries based on descriptions

·         Handling complexities, e.g. lump-sum payments covering multiple invoices

·         Reducing manual inspection and improving ledger accuracy

Microsoft Copilot within Business Central uses AI to inspect unmatched transactions and identify matches based on dates, amounts, and descriptions. It also suggests G/L accounts for residual transactions like bank fees or fuel charges – no jumping out to external systems.

Estimated Time Savings:

·         Up to 75% reduction in reconciliation time

·         From 6 hours to 1.5 hours per month for typical SMEs

Material Advantages:

·         Improved accuracy and audit readiness

·         Reduced risk of missed or misclassified transactions

·         More time for strategic financial analysis

🔗 Learn More:

Microsoft FAQ on Bank Reconciliation Assist,

FAQ

📲 Ready to Reclaim Your Time? Let ERP365 show you how to activate Copilot and free your team to work more efficiently.

📞 By: Andrew Burn  | 🌐 www.erp365.nz  | 📍 This email address is being protected from spambots. You need JavaScript enabled to view it.

📘 Appendix: How to Use AI Bank Reconciliation in Business Central
A Step-by-Step Guide

Import Bank Statement

Use the Payment Reconciliation Journal or Bank Account Reconciliation module.

Upload your bank file (CSV, XML, or direct feed).

Enable Copilot Assistance

Ensure Copilot is activated in your Business Central environment.

Navigate to the reconciliation screen and enable AI suggestions.

Review Auto-Matches

Copilot will auto-match transactions to ledger entries.

Review and confirm suggested matches.

Handle Unmatched Transactions

Copilot will suggest G/L accounts based on transaction descriptions.

Accept or override suggestions as needed.

Post Reconciliation

Once balanced, post the reconciliation.

A bank statement record is created for future reference.

Audit and Adjust

Use the reconciliation history to audit changes and ensure compliance.