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!
One time vendor concept is used to handle the suppliers with whom we transact once. A Separate sequence is maintained in Ax in order to not mixing them with regular vendors. Refer the setups; Assign a separate number sequence for one time vendors in AP @ Accounts Payable -> Setup -> Accounts […]
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 […]
There are many inventory model options available in Ax. Companies select inventory model of their choice based on their business nature. Let’s have a look on available inventory models in Ax and their meaning; In the following example, we can understand how […]
In previous blogs, we have seen how to use following Summary update options for sales order invoice posting; Automatic Summary, Invoice account, Order The same process goes with Purchase order posting, though for PO invoice posting, this feature is not available at PO invoicing form and it follows a different […]
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 […]
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, […]
In a scenario where you want to update multiple SO/PO at one go but against their respective invoice accounts, there is a feature provided in Ax 2012. In the following example; we have 4 sales orders for Invoice posting and of these four, two have one invoice account specified for […]
If you want to do invoice posting of multiple SO together then Ax 2012 comes with a feature where you can achieve it. Please note that this feature is different from the one posted in the following blog; http://dynamicsteaching.com/invoice-posting-of-multiple-sales-order-against-the-single-invoice-id-in-ax-2012/ The above mentioned blog speaks about feature where multiple SO invoice […]
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 […]
In real time business, there are scenarios when customer requests to create single invoice for the multiple un-invoiced sales orders. In Ax 2012, we have a feature where we can post single invoice for multiple un-invoiced sales orders for the same customer. In following example, we have 2 packing slip posted […]
In real time business we come across to the scenarios where we have to accept the delivery with the excess quantity of what is actually ordered. Ax provides a feature of overdelivery acceptance where we can define a set overdelivery percentage against an item. Refer the following link to check the […]