Use Bridging Account in Ax 2012

Use Bridging Account in AX 2012

When our Check is deposited in the Bank and in the bank process that check is cleared after two to three days. After it is cleared, we transfer that amount in Our Bank Account and this is helpful in our day-to-day Bank Reconciliation.

Following are the steps used for Creating Bridging Account

Accounts Payable > Setup > Payment > Method of Payment

·         Create New method of payment

·         Enter a Name and Description

·         Tick on Bridging Account

·         Select Bridging Account No.          

·         Save the method of Payment

 

Create new payment received journal in Account Receivable Modules

·         Enter Customer Name

·         Given Description of payment

·         Enter payment amount

·         Select method of payment BG

·         Select of account type ledger

·         Select offset ledger amount 1130 , Our BG ledger No

Enter Cheque No of correspondence Line

Go to General Ledger journal Line

Create new journal Line

After you enter the Details, go to function and select bridging account transaction

Select the transaction that is clear in bank and click on accept

After that post it and the time you select the bridging account transaction these two entries are not shown there.

Thanking You.