Dynamics Ax


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 […]


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 […]


What are inventory models in Ax 2012

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 […]


Accounting entries for Purchase Receipt & Invoice

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 […]


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, […]


Transactions do not get posted in ledger accounts during packing slip posting in Ax 2012

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 […]


Error: Overdelivery of line is xx.xx percent, but the allowed overdelivery is only xx.xx percent.

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 […]


How does overdelivery functionality works in Ax 2012

In real time business, there are scenarios where vendor delivers quantity in excess. To adjust the excess quantity in the same order, Ax provides a feature of overdelivery acceptance. In system, we can define a set overdelivery percentage against an item. When purchasing the item, system accepts the excess quantity […]


How to cancel deliver remainder in Ax 2012 5

To cancel PO deliver remainder, refer the following steps; Create a new PO with quantity 10 Confirm PO Post the packing slip with 8 quantity To cancel the deliver remainder of 2 quantity, navigate to menu button General -> Line quantity -> Update Line -> Deliver remainder       […]


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 […]


Error: Underdelivery of line is xx.xx percent, but the allowed underdelivery is only 0.00 percent in Ax 2012

While using the underdelivery functionality, there is a following common error we face;                     To fix this issue, check the following setups; Make sure configuration key is enabled. If configuration key is disabled, no under deliveries are allowed. To check if […]


How to cancel Posted Packing Slip for Sales Order in Ax 2012

In case if you want to abort posted packing slip for Sales order, there is a way here. In the following screen print, SO is packing slip posted;   To cancel the packing slip, click on the above mentioned highlighted menu ‘Packing slip’. System opens the following form; Click on […]


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 […]