Take bank holidays into consideration

Payment Management includes a list of bank holidays that define how to handle purchases and payments that fall on a bank holiday or weekend. If the due date or cash discount date falls on a bank holiday, Payment Management will update these dates according to the setup.

A default list of bank holidays is automatically imported to Business Central when you set up the solution. The list of bank holidays provided by Payment Management includes holidays for countries such as DK, NO, SE, FI, DE, GB, and NL. You can also add or delete bank holidays if your bank has additional holidays, or stay open on some of them.

To edit the default bank holiday setup, follow these steps:

1. From the Role Center, search for Bank Holiday Setup and select the related link.

2. In the Handle Bank Holidays on Purchase field, and in the Handle Bank Holidays on Payments field, specify how you want Payment Management to handle purchase documents and payment journals if the cash discount date or the due date is a bank holiday.

   • Blank: Payment Management will not do anything.
   • After: Payment Management will move the date to the first available business day after the date.
   • Before: Payment Management will move the date to the first available business day before the due date.
   • Ask User: A dialogue will appear asking you to manually select how you want Payment Management to handle the bank holidays for the specific payment. This is only available for purchase documents.
   

   Note

   The country/region code determines what is considered a bank holiday for the given country. The country/region code is used in accordance with the country/region code on the balance account used for the payment.

3. To add or delete bank holidays in the list, you can simply select Manage action in the Action bar, and then add or delete lines as necessary.

   Tip

   For a better overview, you can filter the list by country code or date.

Keep the list of bank holidays updated

Bank holidays are automatically imported to Business Central when you set up Payment Management. Occasionally, Continia updates the list of bank holidays with more countries or an extended time frame. To import Continia's updates to the list from the Continia Online service, select Update Bank Holidays.

Video

This video demonstrates how you can customize the bank holiday setup for your company.