Finance


How to Remove Un-Marked Transactions, Marked for Settlement in Ax 2012 2

By navigating to Vendor ‘Settle Open Transactions’ or Customer ‘Settle Open Transactions’, you can see some transactions are marked for settlement with red hand sign in “Is marked” column. Un-marking such transactions is only possible by finding the offset transaction and deleting the link. Though it could be a nightmare if […]


Costing Issue in Ax 2012 – Changing Quantity at Purchase Order Invoice Form

A prominent costing issue could lead you in trouble if purchase order invoicing is done (using wrong method) with less quantity against what is physically received. Let’s understand this issue in detail; Let us discuss a scenario – PO is issued with the quantity of 10 iPhone @ Price of […]


How to Change Number Sequence of Business Unit / Cost Centers / Departments in Ax 2012

Navigate to Organization administration > Common > Number sequences > Number sequences Find the sequence named as ‘Orga_1’ (Organizational Number)     Select to edit that record. Go to the ‘General’ section and put a check in the “Manual” check box.     Now you can manually add the Department / Cost […]


How to Print Vendor Representative Name on Checks in Ax 2012 1

Sometimes, checks are written in the name of representative of the Vendor company and not against the company name. For such scenarios, we will see how to print the checks in Ax 2012. Steps – Navigate to Vendor master Create a new Vendor or Edit any existing Vendor Expand fast […]


Credit Card Related Posting Set ups in Retail Ax 2012 1

When using Retail module with Ax, there are specific posting profiles set up for different payment methods. These payment methods can be Cash, Cards, Credit, Gift cards etc. Refer following path to define payment methods; Retail module -> Setup -> Payment methods -> Payment methods     These Payment methods are […]


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 […]


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 […]