Set up payment methods for an organization [AX 2012]

Updated: August 14, 2012

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

Your business might accept payment in forms other than cash. If you accept payments that are made by using checks, credit cards, debit cards, corporate charge cards, gift cards, customer credit, and other forms of payment, you must set up each payment method for your organization in Retail. You can assign specific payment methods to each store and then set up store-specific settings for each payment method.

  1. Click Retail > Setup > Payment methods > Payment methods.

  2. In the Payment methods form, press CTRL+N to create a new payment method.

  3. In the Payment method field, enter a unique name for the payment method.

  4. In the Payment method name, enter a brief description of the payment method.

  5. In the Default function field, select a function. The payment methods that are described for the following functions are examples of typical retail payment methods:

    • Normal – Use this function for currency.

    • Card – Use this function for debit cards, credit cards, corporate cards, and other forms of card payment.

    • Check – Use this function for personal checks and other negotiable documents.

    • Customer – Use this function if you extend credit to customers and then collect payment later.

    • Tender remove/float – Use this function if you add cash to, or remove cash from, the point of sale (POS) register drawer.

NoteNote

Each default function applies special settings to the store-specific payment methods that are based on the organization-wide payment methods.


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