Bill of exchange: accounting schema

This articles describes the accounting schemas of the bill of exchange flow in Dynamcis AX 2012. You can refer to other articles to have details about the setup or the functionality.

1/ Draw BOE

  • Debit: Summary account from the customer posting profile link to the “Bill of exchange” in AR parameters (413000).
  • Credit: Summary account from the customer posting profile selected in the invoice (411000).

BillExchangeAR0021

  • AR parameters:

BillExchangeAR0024

2/ Remittance

  • Option A: Remit for collection
    • Debit: Summary account from the customer posting profile link to the “Remit for collection” in AR parameters (511300).
    • Credit: Summary account from the customer posting profile link to the “Bill of exchange” in AR parameters (413000).
  • Option B: Remit for discount
    • Debit: Summary account from the customer posting profile link to the “Remit for discount” in AR parameters (511400).
    • Credit: Summary account from the customer posting profile link to the “Bill of exchange” in AR parameters (413000).

BillExchangeAR0025

3/ Payment

  • Debit: Main account from the bank (512020)
  • Credit: Summary account from the customer posting profile used in the remittance journal (511300 or 511400).

BillExchangeAR0026

4/ Unpaid BOE

  • Debit: Summary account from the customer posting profile link to the “Prostest bill of exchange” in AR parameters (416000).
  • Credit: Account from used in the draw BOE journals (413000).

BillExchangeAR0027

5/ Redraw BOE

The accounting from unpaid BOA is reversed:

  • Debit: Account from used in the draw BOE journals (413000).
  • Credit: Summary account from the customer posting profile link to the “Prostest bill of exchange” in AR parameters (416000).

BillExchangeAR0028

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3 thoughts on “Bill of exchange: accounting schema

  1. Hi Violaine,

    In what context/country did you find yourself implementing Bill of Exchange?
    I am quite curious, since I have not encountered as of yet a company who implemented BOE in North America.

    Reply
    • I had to setup BOE for french companies. This method of payment is still used a lot in France , and I know it is also used in several European country.

      Reply
  2. Hi Violaine ,

    Thanks for the detail inforamtion .

    You mentioned that Draw the BOE : ” create the payment, with all the information : amount, due date, … You can ask for an acknowledgment or not.”

    Could i know to whom i need to ask for acknowledgement ?

    How will i ask for acknowledgement in AX 2012 ?( would be great if you share the screenshot)

    When i am creating the sales order or free text invoice , where i need to attach the BOE number , which i have created from the BOE setup ?

    Please share the answers .

    Reply

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