How to Process AP Cheque/EFT Payments in Dynamics 365 Business Central

In this blog and video, we will show you how to process AP cheque/EFT payments in Dynamics 365 Business Central.

This will be helpful to any Dynamics user who:

  • Is a current Dynamics 365 Business Central user
  • Is the process of evaluating a move to Dynamics 365 Business Central
  • Recently transitioned from Dynamics GP or Dynamics NAV
  • Transitioned from a non-Microsoft ERP or accounting solution

Payment Types in Dynamics 365 Business Central

There are three main payment types you can process out of Dynamics 365 Business Central; they are as follows:

  • Manual cheques/payments
  • Computer cheques
  • EFT/ACH payments

Both cheque and EFT processing will require some initial setup, for example configuring your cheque and EFT formats (Dynamics 365 Business Central does come with pre-loaded file formats). We, at Encore, will be able to guide you through this setup stage. Once everything is all set up, the payables processing in Dynamics 365 Business Central is very user friendly.

In the video, we will go over the following:

  • The payment process via two methods – 0:10
  • Cheque run – 6:00
  • Controls in place for your payment run – 6:50

The video below goes over a demo of how to process those payments and do a simple cheque run in D365 Business Central.

For additional information regarding ‘Payment Methods’, you can visit another one of our other blogs here: Payment Methods | Automatic Payment in Dynamics 365 Business Central.

In another video in this series, we go over how to print commonly used reports. For that video, please follow this link: How to run a Trial Balance and Aging Reports out of Dynamics 365 Business Central.

For an overall head-to-head analysis of the two systems, read Dynamics GP vs Dynamics 365 Business Central.

If there are other type of reports you are interested in seeing a demo of, or are interested in other functionalities available in D365 Business Central, feel free to reach out to us.

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