Country-specific update for Denmark Nordea Bank payments

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Microsoft Dynamics AX 2009 SP1 Country-specific update for Denmark Nordea Bank payments White Paper This white paper describes a country-specific update released for Denmark for Microsoft Dynamics AX 2009 SP1. See Microsoft Knowledge Base article 2421522 for hotfix download information. Date: December 2011

Table of Contents Introduction... 3 Electronic payments through Nordea Bank... 3 Setup to generate a payment file for electronic payments to vendors through Nordea Bank... 3 Set up a method of payment to pay vendors through Nordea Bank... 3 Assign the Nordea Bank method of payment and create a bank account for a vendor... 4 Generate a payment file for electronic payments to vendors through Nordea Bank... 4 Form... 5 Modified form... 6 2 COUNTRY-SPECIFIC UPDATE FOR DENMARK NORDEA BANK PAYMENTS

Introduction This white paper describes a Microsoft Dynamics AX feature that is specific to users in Denmark. For more information about other features that apply to Denmark, refer to the Applications and Business Processes Help. Information that is specific to Denmark includes (DNK) in the title. Electronic payments through Nordea Bank Companies in Denmark can pay their vendors electronically through Nordea Bank if the companies hold accounts with the bank. Nordea Bank accepts electronic payments only in the Nordea Unitel for PC (DK) file format. Setup to generate a payment file for electronic payments to vendors through Nordea Bank Complete the following tasks before you generate a payment file in the Nordea Unitel for PC (DK) file format and submit the file to Nordea Bank for vendor payments: Create a currency for Danish kroner in the Exchange rates form. For more information, see Exchange rates (form) in the Applications and Business Processes Help. Create a vendor in the Vendors form. For more information, see Vendors (form) and Create a vendor account in the Applications and Business Processes Help. Create a Danish bank account in the Bank accounts form. For more information, see Bank accounts (form) in the Applications and Business Processes Help. Create and post a purchase order for a vendor in the Purchase order form. For more information, see Purchase orders (form) and Create a purchase order in the Applications and Business Processes Help. You must also complete the following procedures before you generate a payment file to pay vendors through Nordea Bank: Set up a method of payment to pay vendors through Nordea Bank Assign the Nordea Bank method of payment and create a bank account for a vendor Set up a method of payment to pay vendors through Nordea Bank Use the Methods of payment Vendors form to set up a method of payment that uses the Nordea Unitel for PC (DK) file format for electronic payments. You can make electronic payments to vendors through Nordea Bank if you have an account at the bank. Nordea Bank accepts electronic payments only in the Nordea Unitel for PC (DK) file format. For more information, see Vendor methods of payment (form) in the Applications and Business Processes Help. 1. Click Accounts payable > Setup > Payment > Methods of payment to open the Methods of payment Vendors form. 2. Create a method of payment. For more information, see Set up a method of payment for checks in the Applications and Business Processes Help. 3. In the Method of payment field, enter a unique identifier for the Nordea Bank payment format. 4. Click the General tab, and then in the Payment type field, select Electronic Payment. 5. Click the File formats tab, and then click Setup to open the File formats for methods of payment form. 6. In the Available list, select the Nordea Unitel for PC (DK) file format, and then move it to the Selected list. COUNTRY-SPECIFIC UPDATE FOR DENMARK NORDEA BANK PAYMENTS 3

7. Close the form to save your changes. 8. In the Methods of payment - Vendors form, in the Export format field, select Nordea Unitel for PC (DK). 9. Click Payment specification to open the Payment specification form. 10. In the Payment specification and Description fields, enter a unique identifier and a description of the payment specification. 11. In the Export format field, select Nordea intercompany payment. 12. Close the forms to save your changes. Assign the Nordea Bank method of payment and create a bank account for a vendor Use the Vendors form to set up a method of payment that uses the Nordea Unitel for PC (DK) file format for a vendor. Use the Vendor bank accounts form to set up the four-digit routing number and text code for a vendor s bank account. For more information, see Vendor bank accounts (form) in the Applications and Business Processes Help. 1. Click Accounts payable > Common Forms > Vendor Details to open the Vendors form. 2. Select a vendor, and then in the Currency field, select DKK. 3. Click the Addresses tab, and then in the Country/region field, select DK. 4. Click the Payment tab, and then in the Method of payment field, select a method of payment that is set up to use the Nordea Unitel for PC (DK) file format. 5. Click Setup > Bank accounts to open the Vendor bank accounts form. 6. Create a new bank account for the vendor. 7. In the Bank account field, enter the identification code of the vendor bank account. 8. In the Routing number field, enter a four-digit routing number that is provided by the bank. 9. Click the Setup tab, and then in the Validate bank account field, select Danish. 10. In the Text code field, enter the code that specifies the text on the account statement of the recipient. 11. Close the forms to save your changes. Generate a payment file for electronic payments to vendors through Nordea Bank Use the Generate payments form to generate a payment file in the Nordea Unitel for PC (DK) file format. You can export the vendor payment details to this file. The payment file can have a maximum of 1,200 payments. If there are more than 1,200 payments, an additional file is generated for the remaining payments. The name of the additional file is the same as the initial file, but it is suffixed with _n where n is the number of iterations. An empty file is generated when there are no payments. For more information, see Generate vendor payments (class form) in the Applications and Business Processes Help. 1. Click Accounts payable > Journals > Payments > Payment journal to open the Journal form. 2. Select or create a payment journal. For more information, see Create and validate a journal and journal lines in the Applications and Business Processes Help. 3. Click Lines to open the Journal voucher form. 4 COUNTRY-SPECIFIC UPDATE FOR DENMARK NORDEA BANK PAYMENTS

4. Select a journal line, and then in the Method of payment field, select the method of payment that is set up for electronic payments through Nordea Bank. The Payment specification field is updated with the relevant payment specification code. 5. Click the Bank tab, and then in the Account identification field, select the vendor bank account. 6. Click Functions > Generate payments to open the Generate payments form. 7. In the Method of payment field, select the method of payment that is set up for electronic payments through Nordea Bank. or In the Export format field, select Nordea Unitel for PC (DK). 8. In the Bank account field, select a Danish bank account. 9. Select the Show format dialog check box, and then click OK to open the Nordea Unitel for PC (DK) form. 10. In the Batch entry number and Transfer type fields, enter the three-digit batch entry number specified in the account statement and the three-digit transfer type code specified by Nordea Bank. 11. In the File name field, enter the path and name of the payment file. 12. Select the Control report check box to print a control report. Note: Click Control report to specify the printer setup and properties. 13. Click OK to generate the payment file in the Nordea Unitel for PC (DK) file format. 14. Close the forms to save your changes. Form This section contains information about a new form used to generate a payment file in the Nordea Unitel for PC (DK) file format. Form name and locator Nordea Unitel for PC (DK) (form) Accounts payable > Journals > Payments > Payment journal > Lines > Functions > Generate payments > OK Description Use this form to generate payment files in the Nordea Unitel for PC (DK) file format. Batch entry number field Enter the three-digit batch entry number specified in the account statement. Transfer type field Enter the three-digit transfer type code specified by Nordea Bank. File name field Specify the path and name of the payment file. Control report check box Select this check box to print a control report. Control report button Open the Printer setup form to set up a printer destination for the control report. COUNTRY-SPECIFIC UPDATE FOR DENMARK NORDEA BANK PAYMENTS 5

Modified form This section contains information about a modified form used to set up a payment specification for vendors. Form name and locator Vendor payment specification (form) Accounts payable > Setup > Payment > Methods of payment > Payment specification Description Overview and General tabs Export format field Select the export format for Nordea Bank payments. 6 COUNTRY-SPECIFIC UPDATE FOR DENMARK NORDEA BANK PAYMENTS

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. U.S. and Canada Toll Free 1-888-477-7989 Worldwide +1-701-281-6500 www.microsoft.com/dynamics This document is provided as-is. Information and views expressed in this document, including URL and other Internet Web site references, may change without notice. You bear the risk of using it. Some examples depicted herein are provided for illustration only and are fictitious. No real association or connection is intended or should be inferred. This document does not provide you with any legal rights to any intellectual property in any Microsoft product. You may copy and use this document for your internal, reference purposes. You may modify this document for your internal, reference purposes. 2011 Microsoft Corporation. All rights reserved. COUNTRY-SPECIFIC UPDATE FOR DENMARK NORDEA BANK PAYMENTS 7