Bank transaction type is not specified

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Posted on by Tim

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Over a year now I have been using the bank reconciliation feature in Dynamics 365 F&O, 10x without issue. Now I have been trying to mark one reconciled and an error shows up "Bank transaction type is not specified" and cannot post it. What could be causing this and how to resolve.

Installed product version : 10.0.13 (10.0.569.10005)Installed platform version : Update37 (7.0.5746.35600)

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Financial Management

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Mohammed Faisal Madani 5 on at

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RE: Bank transaction type is not specified

Hey Tim,

May be this issue might have been resolved, just need to add on for some folk who requires it in the future. Please check the SETUP { Module->Cash & Bank->Setup->Advance bank reconciliation->Bank Transaction type ( check the types is been defined or not)

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G.M 5 on at

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RE: Bank transaction type is not specified

Dear Tim,

I am also facing same error, can you guide me what is the path of "Enable update to bank transaction types for advanced bank reconciliation" ?

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Junaid Idrees 12,740 on at

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RE: Bank transaction type is not specified

Hi Tim,

Glad to hear that your issues is resolved after enabling new feature, can you please mark your answer as verified to help others.

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Tim 100 on at

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RE: Bank transaction type is not specified

In order to resolve it, I enabled the new feature "Enable update to bank transaction types for advanced bank reconciliation" then reviewed all the bank transactions posted that month and whatever ones that had a blank bank transaction type code I assigned a code. After that I was able to check the bank rec as reconciled without error.

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Ludwig Reinhard Microsoft Employee on at

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RE: Bank transaction type is not specified

Hi Tim,

On LCS there is a hint that this is by design.

Please see:

fix.lcs.dynamics.com/.../Details

Can you try the workaround stated:

.... use a new manual statement line as the adjustment

Best regards,

Ludwig

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Ramit Paul 18,291 User Group Leader on at

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RE: Bank transaction type is not specified

I dont think so debugging will work in this as this might be related to configuration.

This actually happens if the bank transaction type is mandatory, however if you can replicate this with the same bank account then it must be some issue with your setup. otherwise it is a transaction issue.

You can check few things

in your same reconciliation, you can check if any corrections are doing ( you can find "New" marker if that is newly added there)

IN your check if you are adding any new lines.

If any of the above meets, this require bank transaction type to reconcile.

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Tim 100 on at

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RE: Bank transaction type is not specified

I have reconciled two other bank accounts this month without error, is there an error log that can provide more details of where this error is coming from,

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Ramit Paul 18,291 User Group Leader on at

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RE: Bank transaction type is not specified

Hi Tim,

Can you try to test with another bank if possible if this can be replicated?

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Tim 100 on at

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RE: Bank transaction type is not specified

No entry was made that has not been done in the past, nor has there been any changes to the payment method, no bank transactions were created in the bank statement either.

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saurabh bharti 14,918 Moderator on at

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RE: Bank transaction type is not specified

Hi Tim,

Do you see any discrepancy in your bank reconciliation?

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