Bridging Account

Dynamics 365 for Finance and Operations/AX User Gr User Forum
#1

Hi,

I have a question about transaction about Bridging Account

I have done the setup and everything is fine like i am able to post the transaction from General journal - Functions Select Bridging Accct Transaction.

My quesiton is suppose i receieved a cheque and entered in the Payment journal as BRIDGING (Method of Payment)

and posted it then i my Bank informed me that the Cheque had bounced, now I don’t want to post the Bridging Transaction, but rather prefer to CANCEL/ REVERSE the same. Is this i should do? or is there any other way?

#2

Have u reversed the posted transaction and tested the scenario because in any case you have to reverse the transaction. Since customer is involved i think you have to make manual entry.

#3

Hi Pranav,

In A/R, i had selected the transaction and CANCELLED THE PAYMENT.

Now in GL in the Functions Bridging Transcations it will be there and will stay there for ever. I don’t want to POST this becuase of obvious reason. But my issue is i am not able to REMOVE it also. Is there any way to remove it. This is the question

regards

TP

#4

Hi,

Once you have posted payment journal for a vendor (with recieved cheque) using bridging posting.

The payment transaction would have got settled with invoice

So, you need to remove settlement by going in to closed transaction editing form through vendor master and update by selected both invoice and payment

then you need to reverse the payment manually by going to Vendor master-transactions-Reverse Transaction

Hope this helps

  • JK
#5

Hi All ,

I could able to understand the product functionality of Bridging account , but i did not understand the business requirement , it means in which business scenerio we need to sugges this solution to client ?

Any light from your end ?

#6

Hi,

Bridging transaction functionality could be used if you want to monitor your check transactions such as Unreleased checks or Undeposited Fund in AR or AP module for example:

AP Module

payment journal:

A/P Debit

Unreleased Check Credit

then go to GL module to reversed the entries and update the Cash in Bank.

GL journal: Using the Select Bridging Transaction.

Unreleased Check Debit

Cash In bank Credit

AR Module ( AR collection)

Undeposited Check or Fund Debit

A/R Credit

GL journal: Using the Select Bridged Transaction

Cash in Bank Debit

Undeposited Check or Fund Credit.

#7

HI Grace,

Few consultants understand the concept of the bridging account and you are one of the few.

Do you work for a partner in the Philippines?

Cheers,

Ranil

#8

Hi,

Good afternoon, yes I work here in the philippines, because the company I’m working with have lot of accountants, its an accounting firm, but im in system department handling Microsoft Dynamic AX with my other colleagues. [:)]

#9

Good explanation.

You are lucky Grace [:)] , at the same time you are pursuing knowledge in the domain and product wise.

#10

Can I asked for something?

I already reversed the closed transaction.

But stil I can reverse the transaction nor cancel the payment…

#11

Can I asked for something?

I already reversed the closed transaction.

But stil I can reverse the transaction nor cancel the payment…

#12

Hi,

I am new to the Dynamics AX-2009.

I have a query regarding Bridging account & offset bank account.

At the time of setup under Method of payment (customers) we have to specify the bridge account as well as Bank Account.

My question is in case of the company is having multiple bank accounts and they decide to deposit depend on their requirement to particular bank account. But while receiving from customer we have to receive the cheque and credit the customer account.

Is it possible to change the offset bank account while clearing from bridging account?

Help me understand this.

Thanks

#13

Hi,

I am new to the Dynamics AX-2009.

I have a query regarding Bridging account & offset bank account.

At the time of setup under Method of payment (customers) we have to specify the bridge account as well as Bank Account.

My question is in case of the company is having multiple bank accounts and they decide to deposit depend on their requirement to particular bank account. But while receiving from customer we have to receive the cheque and credit the customer account.

Is it possible to change the offset bank account while clearing from bridging account?

Help me understand this.

Thanks