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 of 150 against an advance payment

 

Navigate to Accounts payable -> Common -> All vendors -> Selection of vendor id -> Menu ‘Invoice’ -> Settle -> Settle open transactions

 

Check checkbox field ‘Mark’ manually

Vendor Settle open tras.

 

Check menu ‘Update’

Once ‘Update’ menu is clicked, system settles both the transactions against each other, removes the transactions from ‘Settle open transactions’ form and moves settled transactions to ‘Closed transactions editing’ form.

 

 

Happy Learning!

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