Use a remittance journal to generate a bill of exchange remittance file to send to your bank. The information in the file is based on bill of exchange journal lines that have been posted, but not remitted.
If the check box in the form is selected, a remittance file automatically is generated when you post sales invoices or free text invoices if the method of payment is set up to draw a bill of exchange. If this is the case, you do not need to complete this procedure.
Note
|
|---|
|
When you transfer transactions to the remittance journal, the way that due dates are handled depends on how you select the transactions. If you click > to select transactions using a query that is set up to select the total number of payments that are due as of a specific date, the date that you enter in the field is used for all transferred transactions. If you select transactions manually in the form, the latest due date of the selected transactions is used. |
Remit for
discount
Use this procedure to generate a remittance file that includes discount amounts.
-
Click > > > .
-
Create a journal.
-
Click the tab.
-
In the field, select .
-
In the field, enter the bank account that is affected by the bill of exchange. The bank account must use a standard bank account number.
-
Click .
-
On the tab, select the customer account for the invoice that corresponds to the bill of exchange.
-
Click > to open the form.
-
On the tab, select an open transaction from the invoice, then close the form.
Note
Alternatively, in the form, you can select > to select the transactions by using a query instead of steps 8 and 9.
-
If the remittance in the form includes a payment fee that is paid to you by your customer, click the tab, select a fee ID, and enter information about the fee.
-
Click > to generate and print the remittance file for the bank.
For each journal line, the payment status is changed to .
-
Click > .
A new line with a status and a remittance type corresponding to the bill of exchange is shown in the inquiry form. In the inquiry form, the number in the field is increased, and the number in the field is decreased.
When the journal is posted, the Remit for discount account is debited and the Bill of exchange account is credited. Also, the ledger account for the bank is debited for the discount amount, and the Liabilities for discount account is credited for the discount amount.
Remit for
collection
Use this procedure to generate a remittance file to collect the amount that is due on the due date.
-
Click > > > .
-
Create a journal.
-
Click the tab.
-
In the field, select .
-
In the field, enter the bank account that is affected by the bill of exchange. The bank account must use a standard bank account number.
-
Click .
-
On the tab, select the customer account for the invoice that corresponds to the bill of exchange.
-
Click > to open the form.
-
On the tab, select an open transaction from the invoice, then close the form.
Note
Alternatively, in the form, you can select > to select the transactions by using a query instead of steps 8 and 9.
-
If the remittance includes a payment fee that is paid to you by your customer, in the form, click the tab, select a fee ID, and enter information about the fee.
-
Click > to generate and print the remittance file for the bank.
Note
Some countries/regions have specific guidelines and formats for remitting bills of exchange. For more information, see Country/region-specific features for Microsoft Dynamics AX.
For each journal line, the payment status is changed to .
-
Click > .
A new line with a status of and remittance type of , corresponding to the bill of exchange, is shown in the inquiry form. In the inquiry form, the number in the row is increased, and the number in the row is decreased.
When the journal is posted, the Remit for collection account is debited and the Bill of exchange account is credited.
Note
If you receive an error message that mentions posting restrictions, you might be set up to post only journals that you created. For more information, see Posting restrictions (form).
