This blog is in continuation of following blog where we spoke about costing issue if quantity is changed at purchase order invoice form; http://dynamicsteaching.com/costing-issue-in-ax-2012-changing-quantity-at-purchase-order-invoice-form/ To restrict changing the quantity at PO Invoice form at lines level, refer the following set up; Accounts payable – Set up – Accounts payable parameters […]
This issue comes because of not activating the combinations of inventory transactions for all inventory profiles, specific kinds of activity, and specific inventory profiles. To define combinations; Click Inventory and warehouse management > Setup > Posting > Transaction combinations. 1. Select the Activate inventory profile relation All check box to activate the inventory transaction combinations for all inventory profiles. […]
Steps to repro this error: Create SO with 20 quantities. Perform Picking List with 20 quantities Perform Picking List registration with 10 quantities Perform packing slip with 10 quantities Now, reduce the quantity @ SO line from 20 to 15. System throws the following error message; […]
Change management provides a managed workflow which ensures that purchase orders are locked once they have been approved. The purchase order cannot be changed until the workflow is started. The details for the changes to the purchase orders are stored in a history log. Before getting into the details of […]
To configure a simple PO workflow in Ax, refer the following setups and configuration; Navigate to System Administration > Setup > System Parameters > Number Sequence set the number sequence for Workflow ID Setup of Batch group: Navigate to System Administration > Setups > Batch Group Create a new […]
This feature specially for the staff who are not much into accounts knowledge or not familiar with chart of accounts structure but are into creation of journal entries or helping out the account staff to create journal entries. This feature also helpful for the executives who look for shortcuts of […]
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 […]
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 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 […]
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 […]
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 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 […]
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!