Within the Cash and Bank Management module, users manage the financial transactions between the company and its bank accounts. This section discusses the various processes available to manage bank transactions in Microsoft Dynamics AX®. | Chapter 8: Cash And Bank Management Daily Procedures CHAPTER 8: CASH AND BANK MANAGEMENT DAILY PROCEDURES Objectives The objectives are: • Create checks. • Delete checks. • Create a bank deposit entry. • Void checks. • Create a refund that prints a check. • Use bank remittances. • Reverse a posted check payment. • Reconcile bank statements. Introduction Within the Cash and Bank Management module, users manage the financial transactions between the company and its bank accounts. These transactions include the following: • Processing payments to bank and ledger accounts • Processing payments from bank and ledger accounts • Reconciling the records of financial transactions from banks with the records in Microsoft Dynamics AX This section discusses the various processes available to manage bank transactions in Microsoft Dynamics AX®. Microsoft Official Training Materials for Microsoft Dynamics® Your use of this content is subject to your current services agreement 8-1 Financials I in Microsoft Dynamics® AX 2012 Scenario At Contoso Annie is the Bookkeeper that manages the creation, deletion, and voiding of checks and electronic payments. Annie creates check refunds for customers when required and processes payments to vendors. Also, when Contoso receives a bank statement, Annie reconciles the statement with the transactions in the application. Create Checks In Microsoft Dynamics AX, the Check form provides access to view existing check transactions and to create new checks. Procedure: Create Checks Perform the following steps to create checks. 1. Click Cash and bank management, click Common, and then click Bank accounts. 2. Double-click on the Bank account from which the checks will be written. 3. On the Action Pane, click the Setup tab. 4. Click the Check numbers button. This option is only available if the Check number method is set to Fixed in the Check layout form. If the method is set to Free, the check numbers option is not available.
