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Payment method

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Posted on by lally

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Hi All ,

AX 2012 R3 .

ccounts Receivable > Setup > Payment > Payment methods. , when we select the option electronic payment , we can attach the import file format for this method .

AX 2012 provides some out-of-the-box payment templates, but i read lot of posts that required to create the new templates ..but not understand why we need to create the new templates ?

Does it based on the country or bank or what ?

Could any pioneer explain that what is the purpose to develop the new templates and scenarios?

Thanks in advance .

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Ludwig Reinhard Microsoft Employee on at

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RE: Payment method

Hi lally,

The reason why new templates need to be developed is because some financial institutions do not accept what comes out of standard AX. As an example, in my country Companies use the so called SEPA payment format to generate an electronic file out of AX that they sent their banks in order to initiate the payments to their vendors. Unfortunately, some banks do not accept that file because their systems slightly deviate from the "basic" SEPA rules (which is allowed from a legal perspective). If you work with this bank you thus have to modify what comes out of AX otherwise your bank won't process payments.

Hope this helps

Ludwig

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