What's new: Cash and bank management features [AX 2012]

Updated: October 24, 2013

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

We have changed and added functionality in the Cash and bank management area for Microsoft Dynamics AX 2012. For more information, see the tables that apply to your version of the product.

What’s new


Export letters of credit

You can now mark a sales order for payment by using a letter of credit or an import collection. You can update the details of letters of credit and import collections, post a corresponding packing slip, and assign a shipment number. You can also indicate that the documents have been submitted, apply a payment, and generate a cash flow forecast for a sales order.

For more information, see Key tasks: Letter of credit for the export of goods.

Letters of guarantee

A letter of guarantee is an undertaking by a financial institution such as a bank (the guarantor) to pay another person (the beneficiary) an amount of money that has been agreed on if the financial institution’s customer (the principal) defaults on a debt or an obligation to the beneficiary. The beneficiary must claim the guaranteed amount from the guarantor before the expiration date of the letter of guarantee. To liquidate the agreement, the beneficiary submits the original letter of guarantee to the bank before the letter’s expiration date. The letter of guarantee is nontransferable and applies only to the beneficiary whose name is included in the guarantee agreement. A letter of guarantee helps customers complete the following tasks:

  • Create correct ledger entries and eliminate manual entry.

  • Generate a report that includes the bank facilities and usage of those facilities.

  • Record the monetary and nonmonetary transactions that are involved, and track the balances of letters of guarantee.

  • Record the letter of guarantee cycle, and the expiration date and status of letters of guarantee.

For more information see About letter of guarantee.

Import letters of credit and import collections

You can now mark a purchase order for payment by using a letter of credit or an import collection. You can then complete the following tasks:

  • Create, extend, or delete a bank facility agreement.

  • Update and amend the details of letters of credit or import collections, and update and amend insurance advice.

  • Print requests for banks to issue letters of credit, and retrieve shipment information.

  • Send insurance request notes to vendors.

  • Record amendments to letters of credit or import collections, and record insurance invoices.

  • Record and allocate margins for letters of credit.

  • Receive shipments, update bank advice, and indicate shipping guarantees.

  • Register packing slips, and post and pay invoices.

  • View letter of credit reports.

For more information, see About letters of credit and import collections and Key tasks: Letter of credit or import collection for the import of items.

Set a company bank as inactive.

You can set a company bank as inactive for all transactions or for new transactions. Optionally, you can set the date when a company bank becomes inactive for new transactions, and when it becomes active again. When a bank is inactive for all transactions, no transactions are permitted for that bank.

For more information, see Specify when a bank account is active or inactive.

Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).