AX 2012


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 […]


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 […]


Use of Summary Update option ‘Automatic Summary’ in Ax 2012

This feature is available when we confirm, post a packing slip or invoice a SO/PO. The use of this feature is to summarize all selected orders according to the criteria that is set in the Summary update parameters form, but only if summary updating is specified in the Summary update form. If not, […]


Value models in Ax 2012

Value models are the guidelines that determine the treatment of the fixed assets during their entire life. The reference of the term treatment of the fixed assets shows how the system maintains the valuation of the assets for different purposes such as financial reporting, tax reporting, revaluation & disposal of […]


How does underdelivery functionality works in Ax 2012 3

In real time business we come across to the scenarios where we have to accept the delivery with the lesser quantity of what is actually ordered. To perform this scenario in Ax 2012, refer the following steps; Navigate to Accounts payable -> Common -> Purchase orders -> All purchase orders […]


Why is inventory closing performed & how Ax maintains weighted average costing ?

Q. 1 Why is inventory closing performed? Ans. Inventory closing is performed to reach out to the actual COGS of issued item quantity. This actual COGS make sure the right profit is calculated for the issued quantity. It can be more understanding with the example given in second question of how […]


Periodic Journals in Ax 2012

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 […]


How to cancel Posted Product receipt for Purchase Order in Ax 2012 1

If you have posted a packing slip but you want to abort it, there is a way here. In the following screen print, PO is packing slip posted;               To cancel the Product receipt, click on the above mentioned highlighted menu ‘Product receipt’. System […]


Error: The transaction on voucher do not balance as per dd/mm/yy (accounting currency: xx -reporting currency:xx) in Ax 2012

There is a very common error we encounter when posting PO invoice;               To resolve this issue, please check if vendor posting profile is correctly setup in Accounts payable parameters form. To check the setup, navigate to; Accounts payable -> Setup -> Accounts payable […]


Error: Account number for transaction type Purchase expenditure for product does not exist in Ax 2012

When posting a purchase order invoice, I faced the an issue where system throws the following error message;                 When checked thoroughly, it was found that error message was because of ‘Chart of Accounts’ not linked to ‘Account structure’. To link ‘Chart of […]


Error: Account number for transaction type vendor balance does not exist in Ax 2012 1

When posting a purchase order invoice, I faced an issue where system throws the following error message;                     When checked thoroughly, it was found that error message was because of ‘Chart of Accounts’ not linked to ‘Account structure’. To link ‘Chart […]


Creation of a New Product using Product Template in Ax 2012

In case of, you want to use a predefined template to create a new product/item, refer the following steps; Navigate to Product information management -> Common -> Products -> Released product Select an existing item & double click on it or click edit Click menu Product -> New -> Template […]


Creation of a new Vendor by using Vendor Template in Ax 2012

In case of you want to use a predefined template to create a new vendor, refer the following steps; Navigate to Accounts payable -> Common -> Vendors -> All vendors Select an existing vendor and double click Select any field, right click and select ‘Record info’ Click button ‘User template’ […]