Promissory note in Microsoft Dynamics 365 Finance and Operations

PN Promissory note in Microsoft Dynamics 365 Finance and Operations

A promissory note is a written agreement in which the maker of the note promises to pay a certain amount at a certain time. When you use promissory notes as payment for vendor invoices, you debit the vendor account. You will typically settle the invoice with the promissory note on the due date. When you receive notification from the bank that the promissory note has been honored, you can close the promissory note. In Microsoft Dynamics AX, you use journals to manage promissory notes.