Take bank closing days into consideration
- 4 min.
The Bank Closing Day schedule is essential for accurately determining banking and payment deadlines. It ensures that payment due dates are calculated properly by accounting for weekends (Saturdays and Sundays) and recognized holidays. By using the Bank Closing Day schedule, you can proactively adjust payment dates either before or after bank closing days, optimizing your payment processes in Business Central.
When you install Continia Banking, a default list of bank closing days is automatically imported into Business Central. The default list includes closing days for DK, NO, SE, FI, DE, GB, AT, CH, ES, and NL. Saturdays and Sundays are by default included in the bank holiday setup, even though they do not appear in the bank holiday list.
Note
For now, Continia Banking only supports bank closing day setup for the mentioned countries.
In situations where the Payment Date or Pmt. Discount Date falls on a bank closing day or weekend, Banking Export can adjust the date according to the setup on the Banking Export Setup page.
On the Payment FastTab, in the Move Payment Date field, you have the following options for adjusting the date:
Blank: Banking Export will not adjust the date.
After: Banking Export moves the date to the first available business day after the due date or payment discount date.
Before: Banking Export moves the date to the first available business day before the due date.
Select Manually: A dialogue appears asking you to manually select how you want Banking Export to handle the bank holidays for the specific payment. This is only available for purchase documents.
Manually adjust the default bank closing days
You can manually adjust the default setup of bank closing days. In this way, you can add or remove specific days, where your your bank is closed or stay open.
- Search for and open Bank Closing Days. From this list, you can update the existing lines or add or delete lines as needed, depending on the days when
Tip
For a better overview, you can filter the list by country code or date.
Set up recurring bank closing days
If your company needs to prevent payment processing on certain days throughout the year, such as regional bank holidays that are not covered by country-specific bank closing days, you can use the assisted Set up Bank Closing Days guide to configure these dates.
This guide allows you to configure recurring bank closing days, ensuring that payments are never processed on the specified dates.
To run the assisted guide from the Bank Closing Days page, in the action bar, select Bank Closing Days Setup Wizard and follow the steps. For information about the specific set up of a recurring bank closing day, please refer to the article Adding Bank Closing Days
Tip
You can also run the assisted guide directly from the Banking Export Setup page > Assisted Setups > Set up Bank Closing Days.