Set up letter of guarantee cancellation reasons and purpose code types

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, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

You can set up a payment purpose or reason code to specify the objective of a letter of guarantee transaction or agreement.

Set up a payment purpose code for a letter of guarantee transaction

Click Cash and bank management > Setup > Payment purpose codes.
Press CTRL+N to create a new payment purpose code.
On the right pane, in the Central bank purpose code field, enter the code used to report to the central bank.
In the Name field, enter the name of the payment purpose code.
Click the General FastTab and in the Purpose text field, enter a justification or reason for the specified purpose code. This reason text appears in the report to the central bank.
In the Text field, enter any additional information needed.
Close the form to save your changes.

Click Cash and bank management > Setup > Bank reasons.
Press CTRL+N to create a new bank reason.

Note

Reason codes help to explain why some types of transactions or field values were entered or changed. For example, you can create reason codes to use when you create or cancel a letter of guarantee.
In the Reason code field, enter the code to indicate a reason for the letter of guarantee transaction.
In the Default comment field, enter a description for the reason code.
Select the Bank check box to indicate that the reason code can be used for transactions that have a bank transaction type.
Select the Purpose code check box to indicate that the reason code can be used as the letter of guarantee purpose code if required.
Select the Cancellation reason check box to indicate that the reason code can be used to indicate the reason for cancelation of the letter of guarantee.
Close the form to save your changes.