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Setup page · Cash and bank management

Payment purpose codes

A setup page where you create payment purpose codes for reporting to the central bank.

Used by
Chief financial officer, Accountant, Accounting manager and 2 more roles
Business process
Defining payment policies in Dynamics 365 Finance
Menu item
BankCentralBankPurpose
Main table
BankCentralBankPurpose
Data entity
PaymentPurposeCodeEntity
Setup steps
1 on this page
Show what matters for

Everyone

1What it is and why

What it isA setup page where you create payment purpose codes for reporting to the central bank.
What you do hereUsed to track the purpose of payments and letters of guarantee where the central bank requires it.
Example—
Payment purpose codes page in Dynamics 365
The page in a working Dynamics 365 system. page title tab to open what to set or check

Functional consultant · Solution architect

2Where it fits

Business processDevelop procurement and sourcing strategy › Define accounts payable policies › Defining payment policies in Dynamics 365 Finance
Menu pathCash and bank management › Setup › Payment purpose codes
Set up first—
Used next by—
Related pagesBank reasons Microsoft Learn ↗

End user · Functional consultant

3How to do it

Step by step, with screenshots

Set up Payment purpose codes1 screen

Used to track the purpose of payments and letters of guarantee where the central bank requires it.

  1. Screen 1

    Create the payment purpose code

    Go to Cash and bank management > Setup > Payment purpose codes

    1. Select New
    2. Enter the Central bank purpose code and Name
    3. On the General section, enter the Purpose text and Text
    4. Select Save
    1Central bank purpose codeBEAT-SVC
    2NameAtlas demo service payments
    3Purpose textPayment for professional services
    4TextAtlas demo central bank reporting code
    Create the payment purpose code (zoomed on the outlined fields)
    Show the full screenCreate the payment purpose code
    page title tab to open what to set or check

Microsoft's steps

  1. Go to Cash and bank management > Setup > Payment purpose codes.
  2. Create a new payment purpose code.
  3. In the Central bank purpose code field, enter the code used to report to the central bank.
  4. In the Name field, enter the name of the code.
  5. On the General FastTab, in the Purpose text field, enter the reason that appears in the central bank report.
  6. In the Text field, enter any extra information, and then save.

Source: Microsoft Learn ↗

Field guide

FieldWhat it meansWorked exampleTable column
Central bank purpose codeThe code used when reporting to the central bank.Microsoft Learn ↗BEAT-SVC—
NameThe name of the payment purpose code.Microsoft Learn ↗Atlas demo service paymentsName
Purpose textThe description of the code that appears in the central bank report.Microsoft Learn ↗Payment for professional services—
TextAn extra description for the legal entity's own use.Microsoft Learn ↗Atlas demo central bank reporting codeText

Functional consultant

4Setup decisions

Setup stepRecommended value and whyDecision · common mistake · test
Set up Payment purpose codes——

Solution architect

5Design impact

Shared or per companyPer company: each legal entity has its own records. Microsoft data model ↗
Can it be undone—
Feature or country—
If you change it later—

Technical architect

6Technical

Menu itemBankCentralBankPurpose Checked in Dynamics 365
FormBankCentralBankPurpose Checked in Dynamics 365
TableBankCentralBankPurposeShown as “Payment purpose codes” in Record infoKey field: Code, Name, TextChecked in Dynamics 365
Data entitiesPaymentPurposeCodeEntityPayment purpose codes Microsoft data model ↗
Who can open itPrivilegesMaintain central bank payment purpose codes BankCentralBankPurposeMaintainView central bank payment purpose codes BankCentralBankPurposeViewDutiesEnable bank management process BankBankManagementProcessEnableInquire into bank management reference data BankBankMgmtReferenceDataInquire
5 security rolesChief financial officer CompanyChiefFinancialOfficerAccountant LedgerAccountantAccounting manager LedgerAccountingManagerFinancial controller LedgerFinancialControllerTreasurer PaymTreasurer
Checked in Dynamics 365
Actions on the pageOptions: Personalize, Page options, ShareChecked in Dynamics 365

Developer

7Developer

Open it directlyhttps://<your-environment>/?mi=BankCentralBankPurpose
Integrate withPaymentPurposeCodeEntity data entity Microsoft data model ↗
Table definitionBankCentralBankPurpose columns and relations Microsoft data model ↗

Everyone

8Sources and checks