(IND) Reverse TCS and post the payment journal
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2
You can activate bank parameters to cancel payments and reverse deposit slip transactions for the transferred journals.
Note
This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.
Set up bank parameters
Click Cash and bank management > Setup > Cash and bank management parameters.
Click General.
Select the Use review process for payment reversals check box to specify if the journals should be used to review the checks that are pending reversal.
Select the Use review process for deposit slip payment cancellations check box to specify if journals should be used to review the deposit slips receipts that are pending for cancellation.
Post and transfer the journal
Click Accounts receivable > Journals > Payments > Payment journal. Click Lines.
Create payment lines with information about the customer accounts and the amounts. Enter the correct bank account that the payment will be deposited to as the offset account on each line.
Select the Use a deposit slip check box for all the payment lines that are to be included on a bank deposit slip.
On the Tax information tab in the Journal voucher form, select the tax information details to attach to the transaction.
Click Post to post and transfer the journal.
Cancel payments and reverse deposit slip transactions
A payment journal is automatically created in the Deposit slip payment cancellations form. You need to post this journal to post the reversed entries. When you post this journal, all the voucher entries that were posted at the time of posting the original payment journal, including the taxes, will be reversed.
Click Cash and bank management > Common > Deposit slips.
Select the deposit slip number to cancel the payment.
Click Cancel payment.
Click Ok to cancel the payment and return to the Deposit slip form.