This app enables users to define both regular and blocked bank accounts for vendors, facilitating payments by percentage or fixed amounts. This process results in two vendor ledger entries: one for the regular amount and one for the blocked bank account (such as escrow or G-Account). When creating vendor payment journals, these amounts can be summarized per vendor bank account.

A blocked bank account restricts access to funds until specific conditions are met, offering businesses and individuals a secure method to ensure compliance with legal or regulatory requirements. This addresses the need for financial control and protection against unauthorized access. We manage G-accounts, escrow accounts, and other bespoke bank accounts necessary for handling vendor payments.

Supported Editions:

This app supports Essentials and Premium editions of Microsoft Dynamics 365 Business Central.

Supported Countries:

Netherlands.

Supported Languages:

Dutch (Netherlands), English (United States).

Prerequisites:

"Feature Update: Enable use of new extensible invoice posting engine" enabled.

Blocked Bank Account

by bydynamics