Cash and Bank Management Data Sheet

Microsoft Dynamics AX® 2012 Cash and
Bank Management
Cash and bank management processes enable management to easily obtain the financial information
required to track bank accounts. Microsoft Dynamics AX 2012 allows you to track payments and
deposits efficiently, resulting in reduced operational costs.
Payment types supported include checks, bills of exchange, promissory notes, letters of guarantee
and letters of credit.
Support has been provided to generate notifications when journals are posted that cause a bank
balance to exceed its credit limit. Additionally, review process controls can be enabled to ensure
accuracy and control of the processes.
As needed, reconciliation of the recorded transaction to the company’s bank statements can be done
on as frequent a basis as required.
Throughout the processes, a complete history is maintained. This includes an accurate,
comprehensive audit trail between the Cash and bank management documents and their
corresponding General Ledger entries. Reports, such as payment and deposit summaries, can be
generated, and up-to-date inquiries can be performed to track your cash and bank management
Microsoft Dynamics AX 2012 provides a role center for a variety of financial roles typically
found in organizations. The Treasurer role center, pictured to the right, serves as a home
page for users assigned to this role. A Role Center provides insight into the work that
needs to be performed, tasks that need to be completed, several key performance
indicators, and one-click navigation to commonly used links and reports. Role Centers will
enable you to be more efficient and will facilitate more confident, timely decisions.
Bank accounts can be set up to default base data automatically for all transactions
involving the bank account. Flexible setup includes the ability to define the following
types of information:
Role Center
Bank account details, such as contacts, currency information, and address information.
Bank account identification, such as routing numbers and account numbers.
Accounting information, such as default financial dimensions and main accounts,
which can be assigned to bank accounts.
You also can group bank accounts to categorize information in a meaningful way.
Microsoft Dynamics AX 2012 supports the following items related to payments:
Bank accounts
User-customizable layout of checks, bills of exchange, and promissory notes,
including the selection of included fields, numbering method, and signatures to use.
Letter of guarantee bank document types.
Letter of credit bank document types.
Support for electronic payment files or check printing.
Printing of non-negotiable checks as a copy of the payment.
Cash and bank management enables enforcement of organizational policies and
processes, such as:
Creating review controls to route both payment and deposit slip cancellations for
review, according to company policy.
Microsoft Dynamics AX 2012 bank reconciliation processes support the following:
Ability to enter transactions that appear on the bank statement but which have not
been recorded in Microsoft Dynamics AX 2012.
Printing of reconciliation summary reports, including Cleared and Uncleared
transaction details.
Microsoft Dynamics is a line of integrated, adaptable business management solutions that enables you and your people to make business decisions with greater confidence.
Microsoft Dynamics works like and with familiar Microsoft software, automating and streamlining financial, customer relationship and supply chain processes in a way that
helps you drive business success.
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