Export (0) Print
Expand All

Protest a bill of exchange [AX 2012]

Updated: October 6, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

If a customer does not accept a bill of exchange or does not pay it on time, you can use the Protest bill of exchange journal to change the status of the bill of exchange from Drawn to Protested. You can also include a reference to the drawn bill of exchange.

If a customer protests a bill of exchange that has already been settled with an invoice, you can change the status of the bill of exchange from Honored to Protested.

A bill of exchange that has been closed cannot be protested.

  1. Click Accounts receivable > Journals > Bill of exchange > Protest bill of exchange journal.

  2. Create a journal, and then click Lines.

  3. Select the customer account for the invoice that corresponds to the bill of exchange that is being protested.

  4. Click the Bill of exchange tab.

  5. Verify that the Remittance type field is set to None, and that no bank account is selected.

  6. Click Functions > Settlement to open the Settle open transactions form.

  7. On the Overview tab, select an open transaction from the invoice.

  8. Close the Settle open transactions form.

  9. In the Journal voucher form, click the Bill of exchange tab.

  10. In the Protest cause field, select the reason that the bill of exchange is being protested.

  11. Click Post > Post.

    The protested bill of exchange is displayed in the Bill of exchange journal inquiry form, together with a related line. The line has a status of Protested and a sequence number of 1 or more. In the Show document inquiry form, the number in the Protested bills row is increased, and the number in the Drawn bills row is decreased.

    When you post the journal, the protest bill of exchange account is debited, and the bill of exchange summary account is credited.

  1. Click Accounts receivable > Journals > Bill of exchange > Protest bill of exchange journal.

  2. Click New to create a journal.

  3. Click the Bill of exchange tab.

  4. Select either Discount or Collection in the Remittance type field, and then select the bank account that was used when the bill of exchange was settled.

  5. Select the Protest settlements check box to transfer settled bills of exchange to the journal lines. In the Protest settled process field, select whether to create the new lines as open payments or invoices.

  6. Click Lines.

  7. Select the customer account for the invoice that corresponds to the bill of exchange that is being protested.

  8. Click Functions > Select settled bills of exchange to open the Protest settled bills of exchange form.

  9. On the Overview tab, select a transaction, and then close the form.

  10. On the Overview tab in the Journal voucher form, enter an offset account.

  11. Click the Bill of exchange tab.

  12. In the Protest cause field, select the reason that the bill of exchange is being protested.

  13. Click Post > Post.

    The protested bill of exchange is displayed in the Bill of exchange journal inquiry form, together with a related line. The line has a status of Protested and a sequence number of 2 or more. In the Show document inquiry form, the number in the Protested bills row is increased, and the number in the Honored bills row is decreased.

    When you post the journal, the protest bill of exchange account is debited, and the ledger account for the bank is credited.

    NoteNote

    If you receive a message that mentions posting restrictions, you might be set up to post only journals that you created. For more information, see Posting restrictions (form).


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).
Was this page helpful?
(1500 characters remaining)
Thank you for your feedback

Community Additions

ADD
Show:
© 2014 Microsoft