(LVA) Create and post a journal for foreign receipts and payments

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Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

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

If your company receives payments from a foreign bank and deposits them into a domestic bank, you must report any incoming payments that exceed a certain amount to the Latvian Central Bank. You must also declare all foreign payments that are issued or received by your foreign bank accounts, if the payments exceed a certain amount.

Use this procedure to record the foreign receipts and payments in journal entries in Accounts receivable, Accounts payable, and General ledger. The Journal voucher forms contain fields for recording the information that is required to generate the Foreign payments received by domestic banks and Foreign payments made through foreign banks reports.

  1. Click General ledger > Journals > General journal.

    –or–

    Click Accounts receivable > Journals > Payments > Payment journal.

    –or–

    Click Accounts payable > Journals > Payments > Payment journal.

  2. Click New to create a journal, and then enter the required details.

  3. Click Lines.

  4. In the Journal voucher form, on the Overview tab, in the Offset account type field, select Bank.

  5. Enter any additional information that is needed to complete the journal line.

  6. On the Payment tab, in the Notification to the central bank field group, enter values for the fields in the following list.

    Note

    This field group appears on the tab only if you select Bank in either the Account type field or the Offset account type field in the Journal voucher form in General ledger.

    • Central bank purpose code – Select the purpose code for the foreign payment or receipt. The code is printed on the report to the central bank. By default, this value is the code that is assigned to the customer or vendor, but you can change it.

    • Purpose text – Enter a brief description of the purpose of the payment or receipt. The text is printed on the report to the central bank. By default, this field displays the text that was entered for the customer or vendor, but you can change it.

    • Import date – Select the date on which payments or receipts to be included on the report were imported from an external system into Microsoft Dynamics AX.

    • Payment registration number – Enter the payment registration number that the bank assigned to the transaction on the bank statement.

  7. Enter any additional information in the journal, and then click Post > Post to post the journal.

When the journal is posted, the correspondent country/region is determined by how the bank account for the customer or vendor and your company bank account are configured.

  • If the customer or vendor record includes a payment bank account, the posting process uses the country/region code of the bank address.

  • If the customer or vendor record does not include a payment bank account, the posting process uses the country/region code of the primary address for the customer or vendor.

  • If the transaction is a bank transfer, the posting process uses the country/region code of the address for the other bank.

If the source information for the fields that you use in the preceding procedure is not available at the time of posting or was entered incorrectly, you can enter or correct the information on the Notification to the central bank tab in the Bank transactions form.

Optional: Turn on database logging

To capture information about the person who changed any values in posted transactions, and view the current and former values, you can turn on database logging.

  1. Click System administration > Setup > Database > Database log setup.

  2. Click New, and then, in the Logging database changes wizard, click Next >.

  3. Click Show all tables, and then expand Bank > Bank transactions.

  4. Select the following check boxes:

    • BankPaymentRegistrationNum_LV

    • CentralBankPurposeCode_LV

    • CentralBankPurposeText_LV

    • CorrespondentCountry_LV

  5. Click Next >, and then, in the Types of change form, select the Update check box for each line.

  6. Click Next >, and then click Finish.

See also

(LVA) Print a statement of foreign payments received in domestic banks

(LVA) Print a statement of foreign receipts and payments via foreign banks

(LVA) Journal voucher - General journal (modified form)

(LVA) Journal voucher - Customer payment journal (modified form)

(LVA) Vendor payment journal lines (modified form)

(LVA) Bank transactions (modified form)

Payment purpose codes (form)