Configure default balance accounts based on currency

The balance account specified on a payment determines the company bank account that will be used for the transaction. Additionally, Continia Banking uses the balance account to validate payments to ensure the payment lives up to the bank's requirements for payments and can be processed without errors.

Balance accounts can be configured multiple places within Business Central, including on the vendor, customer, and employee card.

To ensure that a balance account is always assigned to a payment, you can configure a general balance account set up based on currency. For example, if a specific balance account isn’t assigned, for example through the vendor setup, the general balance account setup will be used instead. As a result, the payment’s currency dictates which balance account is used.

• To set up balance accounts based on currency, search for and open the Continia Banking Setup page. In the action bar, select Assisted Setup > Set up Payment Balance Account.

During the assisted set up guide, you map a specific currency with the bank account you want to use as the balance account. The system will attempt to map the accounts and currencies based on existing payment data, however, you need to make sure all the data is correct before you finish the guide.

You can disregard the currencies with the Suggested column selected, as these are merely system-generated suggestions based on existing payment data.