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!
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!
Here is a small video of making payment to Vendor by Check; Hope this helped you guys! Happy Learning!
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 […]
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 […]
Ax 2012 has introduced a major change in the accounting framework for recording the purchase receipts & Invoices. In Ax 2012 the system provides 2 new accounts Purchase expenditure, un-invoiced & Purchase expenditure for product. Purchase expenditure, un-invoiced – This has been introduced as a control account to offset main […]
For PO Product Receipt Posting in Ledger If you are facing a problem that no entry is created during packing slip posting and concerned ledger accounts do not get hit then check a small following setup; Navigate to Accounts payable -> Setup -> Accounts payable parameters -> Updates and check […]
During the course of business there are various scenarios where the users have to pass same journal entries on a periodic basis. This means that at the end of a specific period a specific transaction will re-occur, so to avoid re-creation of journals every time the transaction occurs Ax provides […]
A very straight solution to this query is to have common CoA linked to companies you want to share the CoA. To understand the end to end process, refer the following steps; Start with a new company creation, for example named as ‘DYTE’ Create a new CoA header by […]
Post a new trade agreement journal by navigating to Sales & Marketing -> Journal -> Price/Discount Agreement Journal. Steps: Click New Go to Lines Create a new line with the combination of Vendor and Item Post the journal. Refer the screen print; Once journal is posted, again navigate to Sales […]
In addition to the account structure where we can control the account & dimension combination, Ax 2012 is packed with an option where we can implement better control at the Journal. These controls can be: To restrict the type of accounts we can use on the Journal The dimension values […]
Until the introduction of AX 2012 a single form was used to create/maintain the ledger accounts, this form was termed as Chart of accounts. The list of accounts was classified based on their nature. With introduction of Ax 2012 there was a change introduced where in the Chart of account form now […]
General Ledger –> Journal –> General Journal Click on Lines Button –> Select the Offset Account the system will suggest the Main account & dimension segment as per account structure. When selecting the Account 501** for which we had defined the advanced rule the system shall prompt for the account […]
Defining the advance rules involves 2 steps: Create a advance rule structure Assign the advance rule to the account structure. To setup the advance rule setup @ General Ledger –> Setup –> Chart of accounts –> Advance rule structures Create a new advance rule structure with the dimension combinations & […]
Create a new general journal @ General ledger –> Journal –> General Journal Click Lines to create voucher lines for the journal Click the offset account to select the main account & the dimension segment as defined in the account structure. The […]