Electronic payment in AX

What payment methods are used most frequently? Companies make payments for outstanding invoices on using credit, cash in advance, bill of exchange, check and electronic payments. Check would be a method of payment of check. Electronic payment would be a method of payment of electronic such as an EFT, Wire. Promissory note would be a … Continue reading Electronic payment in AX

Positive pay file in AX 2012

Positive pay file overview The issuing company periodically sends a positive pay file to its bank, in which are listed the check numbers, dates, and amounts of all checks issued. When a check is presented to the bank for payment, the bank teller compares the information on the check to the information submitted by the … Continue reading Positive pay file in AX 2012

Bill of Exchange in AX 2012: Normal lifecycle

In today's post I'd like to dig into Bill of exchange feature in AX 2012. Before I dive in this feature I want to present normal lifecycle scheme Drawer creates Bill of Exchange. In the Bill of Exchange, the Drawer defines Order to pay money and the amount. Bill of Exchange should be properly dated. … Continue reading Bill of Exchange in AX 2012: Normal lifecycle