Settle customer consolidated invoices by using a payment journal

This article explains how to settle customer consolidated invoices using a payment journal for Japan in Microsoft Dynamics 365 Finance.

In Japan, payments are made and settled against consolidated invoices.

The following procedure walks you through how to settle a consolidated invoice using a payment journal and payment proposal feature.

The procedure uses the demo data company JPMF.

Before you complete the procedure, ensure that you've first created and confirmed a consolidated invoice.

To settle customer consolidated invoices using a payment journal, follow these steps.

1. In Dynamics 365 Finance, go to Accounts receivable > Periodic tasks > Consolidated invoice.
2. In the Consolidation ID field, copy the value to reference later. You can use "JPMF-000002" from the demo data company JPMF.
3. Go to Accounts receivable > Payments > Payment journal.
4. Select New.
5. In the Name field, enter a value.
6. Select Lines.
7. Select Payment proposal.
8. Select Create payment proposal.
9. Expand the Advanced parameters section.
10. In the Consolidation ID field, enter a value. You can use the value noted previously on the Consolidated invoice page.
11. Select OK.
12. Select Create payments.
13. Confirm the payment line is generated based on the proposal, and then enter a date for posting. When there are multiple invoices tied to one consolidated invoice, there may be multiple lines generated in the payment journal.
14. Select Post.
15. Go to Accounts receivable > Periodic tasks > Consolidated invoice.
16. Confirm that the status of the consolidated invoice is updated to Settled.