Product updates in version 31.0

When a customer pays an invoice, but we don’t receive the full amount due to bank charges, we can now split the payment and allocate the correct amounts to the appropriate accounts. 

In the Apply entries we see that the full amount is 200 and after application the balance is 11,24. 

Run the function Bankfeed > Split Line.  

The lines will be split into two lines, according to our selections on the function request page. 

In the past, when your Account Status changed to “Not in Use,” updating it to “Ready to Use” could have been complicated. You needed to be aware of the specific order of steps required. We have now simplified this process. 

You can link your Bank Account No., and the Account Status will update automatically.  

Alternatively, if you change the Account Status to “Ready to Use”, the Bank Account No. will be automatically filled in if it has been previously entered. 

Overall, the process of transitioning between all Account Statuses has become much easier.

Many Bankfeed users encounter issues due to a missed step: linking their connected bank accounts to the corresponding Business Central Bank Account cards. 

To address this, during the final step of connecting a bank account, you will be prompted to confirm whether you want to close the window without linking the accounts. 

Make sure to complete this step to ensure proper account linkage. 

For the cases when automated payment initiation from Business Central is not available, we have introduced a new SEPA file export functionality that includes the following features: 

• Formatting for the new SEPA file format, pain.001.001.09 
• Support for exporting not only EUR payments but also payments in other currencies 
• Automatic adjustment of payment format to SEPA or International payment based on the payment’s currency and country code 
• Adjustment of the bank fee type according to the payment type: sender charges for SEPA payments and shared charges by default for international payments 
• A formula and function for filling in the “Message to Recipient” field in the payment journal 
• The ability to conduct additional journal line checks before export 
• Flexibility to meet the different requirements of other countries and banks 

This functionality aims to enhance usability and ensure compliance with SEPA and international payment standards. 

When connecting your bank account, you may notice multiple suggestions for the same bank institution in the list. To simplify your selection, we have introduced a new checkmark labelled “Recommended” next to the institutions. This feature will help you easily identify and choose the correct provider. 

This new feature will be especially beneficial for consultants and partners who demo Bankfeed to their customers. It provides a convenient way to ensure that all the necessary setups are completed, and that examples are well-prepared, all in one place. It prevents the need to open multiple pages in Business Central to verify that everything is in order. 

You can find the new Setup/Demo Checklist (Bankfeed) under Bankfeed Links > Setup/Demo Check List (Bankfeed). 

On this page, you can view the number of lines on specific pages and manage them – create, delete, or perform other actions – directly from this checklist. 

Notifications have been available for some time, but they can be easy to overlook. To make sure important information doesn’t get missed, Notifications are now displayed in more locations, with the most important ones appearing as pop-ups when you open the journal. 

Within the journal, you’ll also see the count of important unread notifications you have.