Bill of exchange: unpaid

This article describes how to use the BOE journals in Dynamics AX 2012,in the case of an unapaid BOE:

  • Step 1: Create the BOE with the “Draw BOE journals”.
  • Step 2: Remit the BOE to the bank with the “Remittance journal”.
  • Step 3: Enter the unpaid BOE in a “Protest journal”.

BOE unpaid schema:

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1/ Step 1: Draw BOE

Access: AR > Journals > Bill of exchange > Draw bill of exchange journal

This step can be done automatically if the option is selected in the method of payment. In the other case, you must create manually the journal. To see the manual option, go to the “Bill of exchange transaction” article.

  • In the customer invoice, select the method of payment (Automatic BOE).
  • When you post the invoice, AX create the payment journal.

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  • Draw bill of exchange journal

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2/ Step 2: Bank remittance

Access: AR > Journal > BOE > Remittance journal

  • Create a new journal.
  • Go to the tab “BOE”  and select the bank account.
  • Select the option of the remittance : remit for collection or remit for discount.

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  • Go to the lines
  • Enter the customer account and go to “functions > Settlement” and select the BOE to remit.
  • Click on Function > Generate remittance to create the file to send to the bank.
  • Post the journal.

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3/ Step 3: Protest Bill of exchange

Access: AR > Journal > BOE > Protest journal

This step is to be done when the bank send the unpaid notification of the payment.

  • Create a new journal.
  • Go to the lines form.
  • Enter the customer account.
  • Click Function > Settlement and select the BOE unpaid.

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  • In the the tab “Bill of exchange” select the protest cause “not paid”.
  • Post the journal.

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4/ Protest a BOE already paid

Access: AR > Journal > BOE > Protest journal

  • Create a new journal.
  • In the tab “Bill of exchange” select “Protest settlement”

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  • Go to the lines form.
  • Enter the customer account.
  • Click Function > Select settled bills of exchange

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  • All the BOE honored are available.
  • Select the BOE to prostest.

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  • In the the tab “Bill of exchange” select the protest cause “not paid”.
  • Post the journal.

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