Yearly Archives: 2013


Unit Conversion Types in Ax 2012 2

There are 3 types of unit conversion types in Ax 2012; Standard Conversions Intra-Class Conversions Inter-Class Conversions Standard Conversions – Once define the conversion between two units, it is applicable against all products. Thing to remember here that conversion can be defined only within the units belong to same Unit […]


Recording Realized Profit/Loss from Exchange rate fluctuations in Ax 2012

Before moving ahead let’s understand first what is Realized Profit/Loss. The gain or loss is based on exchange rate fluctuations between the foreign (transaction) currency and the domestic (accounting) currency at the time the payment was received or issued. Take an example where; Company’s accounting currency is USD Purchase order is created and […]


How to Create Journal Name for Different Journal Types in Ax 2012

We have seen scenarios when we want to create a new journal but since there is no journal linked with the respective journal, we can not go ahead unless we create a new journal for the same. For example, In my newly created company, I want to create a General […]


Inventory Dimensions in Ax 2012

Inventory dimensions in Ax 2012 now consist of 3 classifications: Product Dimension Storage Dimension Tracking Dimension Product dimension: can be referred to a dimension group that mainly focuses on the physical attributes of the product; major constituents: Size Color Configuration Since a product (item) is treated as a the lowest […]


Setting up Recurring Free Text invoice in Ax 2012

To set up recurring free text invoice in ax 2012, refer the following steps; Create a free text invoice template Assign it to one or multiple customers Generate recurring invoice Post recurring invoice Detailed steps: – Navigate to Accounts receivables -> Setup -> Free text invoice templates   Assign template […]


Difference between Customer invoice, Free text invoice and Pro forma invoice in Ax 2012

Pro forma invoice – A pro forma invoice is an invoice that is prepared as an estimate of the actual invoice amounts before the invoice is posted. You can print a pro forma invoice for either a customer invoice for a sales order or for a free text invoice.   […]


Vendor Prepayment in Ax 2012

Vendor Prepayment is a scenario where the organization agrees to pay certain/full amount of purchases in advance to the vendor.  In Ax 2012, Prepayment process is as follows: Create a PO Mark the PO a prepayment Post a Prepayment Invoice Post a Payment entry Settle the Payment against the Final […]


Cancellation of Check Payment transaction in Ax 2012

There are scenarios in business where payment made by check but later on payment entry to be reversed or cancelled. Refer the following video to see how check payment transaction is cancelled in Ax 2012;   Related links, http://dynamicsteaching.com/vendor-payment-by-check-in-ax-2012/ http://dynamicsteaching.com/verifying-transaction-posted-against-check-payment-in-ax-2012/   Happy Learning!


Verifying transactions posted against check payment in Ax 2012

In continuation of the following video where we shown how check payment process works in Ax 2012; http://dynamicsteaching.com/vendor-payment-by-check-in-ax-2012/ Let’s verify posted transactions against the Bank a/c and Vendor a/c;   Happy Learning!


How to settle open vendor transaction by using ‘Settle open transactions’ form in Ax 2012

If you want to settle open vendor transactions, you can use ‘Settle open transactions’ form.   In the following example, we have 2 open transactions against a vendor; 1st, credit transaction with an amount of 150 against an open purchase invoice to be paid 2nd, debit transaction with an amount […]


Using Payment Schedules in Ax 2012

Payment schedules allow users to define custom rules that govern the payments being maintained in the system. In order to use the payment schedules the users must create payment schedules, attach these schedules to Purchase orders/Invoices. When running the payment proposal for the vendor invoices the system automatically considers the […]