Payment reversals (form)

  • Article

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

Click Cash and bank management > Common > Checks. Select a check and click Payment reversal.

Use this form to reverse a vendor payment. You might do this if you need to reissue a payment that you made to a vendor. Reversing a payment reverses the transactions and any related settlements.

If a payment has been reconciled in the bank statement, the payment cannot be reversed.

Tasks that use this form

Reverse a posted check

The following table provides descriptions for the controls in this form.

Fields

Field

Description

Date

Enter the date on which to reverse the payment.

Reason code

Select the reason why you are reversing the payment.

Note

A reason code is required if the Require reasons for payment reversals check box is selected in the Bank parameters form. For more information, see Cash and bank management parameters (form).

Reason comment

Enter more information about the reason (optional).

If you select a reason code before you enter a reason comment, the default comment that is set up for the reason code is displayed. You still can change the comment.

Bank account number

The bank account on which the check was drawn.

Check number

The check number of the check that you are reversing.

Reconcile

Select this check box to designate the check as reconciled when the payment reversal is posted.

Journal name

Select the journal name that is the template for the reversal transaction.

You can edit this field only if the Use review process for payment reversals check box is selected in the Bank parameters form, and you opened this form from Cash and bank management.

This list includes all journal names that have a journal type of Bank check reversal and that you or your user group have access to, based on the journal name setup.

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