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Hi All ,
Could any one briefly explain about the Method of payments - file formats usage with real time example ?
Thanks in advance.
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there are template frameworks look at class
CustOutPaymFormat1
CustOutPaymRecordFormat1
CustOutPaymRecordFormat1Spec1
CustOutPaymRemittanceFormat1
[quote user="Dick Wenning"]there are template frameworks look at class[/quote]
Thanks Dick for the answer
I would like to know the functional point of view . If someone explains how does it work in thr functional point of view , so i can test from my end .
Any help from pioneers ?
Here is the short story, which I hope can get you a bit further.
The payment format that you specify on a “Method of Payment” is typically specifying the overall format for payment to a specific bank or major payment system. All but “Check” are electronic formats.
Often banks and payment system have a range of different sub-formats, because different kinds of payments require different kind of information. There could typically be a format for domestic payments and one for international payments. These sub-formats is what you can setup under “Payment specification”.
When you enter an invoice you can choose the “Method of payment” and based on that you can choose from a range of related “Payment specifications”.
On the vendor transactions you can edit “Method of payment” and “Payment specifications” after registering and posting the invoice. I think until the invoice is fully paid.
You can also change the two values from the payment journal, which is the journal where you create the bank payment files from and post the payment. In the dialog for creating payments, in this journal, you can choose which “Method of payment” to create output for (electronic file or check report).
[quote user="Palle Agermark"]You can also change the two values from the payment journal, which is the journal where you create the bank payment files from and post the payment. In the dialog for creating payments, in this journal, you can choose which “Method of payment” to create output for (electronic file or check report).[/quote]
Hi Palle ,
Up to the above process , i know already . what i would like to know is how output format will send to bank or vendor ?
If you send the output format to bank , then what is the next process ?
How we will come to know that vendor got the payment ?
Did we receive any confirmation from bank or vendor ?
If yes , where is the option to import that format ?
Please share your experience.
Typically, for most formats, you'll end up with a file that you manually send to your bank using the software from the bank.
Reconciliation of the payment depends on the bank or format, and is only implemented for very few formats. The reconciliation file from the bank can be loaded from the "Payment transfer" form, located right below the "Payment journal" form.
[quote user="Palle Agermark"]The reconciliation file from the bank can be loaded from the "Payment transfer" form[/quote]
Hi Palle,
Can you share me the path to import the file , which we receive from bank ?
If we import the file , what would be effect in Axapta ?
Is the Export format and import format will be same ?
Thanks in advance
The formats are bank dependant. You'll probably get the file through the bank software and you place it manually in a folder.
The effect of importing the file can vary from format to format; they have different code. One thing they all do is to update the Payment Status fields on the journal line.
Do someone know about creating a new file format ? how to do ?
Thx,
Try to have a look at the template classes listed by Dick:
These also exist for accounts payable with the Vend prefix.
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