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 payment schedule at the invoice & suggests the payments accordingly.

Create a Payment Schedule:

Accounts Payable –> Setup –> Payment –> Payment Schedule.

In the example we will create 3 types of Payment schedule & see the impact on the payment entries.

  1. When the Payment entries are to be distributed on a monthly basis & based on some %. eg. 50% in 1st month, 20% in 2nd etc.

Payment Schedule - specific

 

In the above setup, the payments are to be made on a monthly basis & on specific percentage.

When creating a PO/PI the payment schedule is defined at the Header –> Price & Discount fast tab –> Payment Schedule.

Create a Payment Journal  & on the lines select the option for payment proposal

PayProposal

Once done the system will propose the Payment entries as below.

Payment Schedule - specific12.  When the Payment entries are to be distributed on a monthly basis & on fixed amount

Payment Schedule - FixedAmt

 

When creating a PO/PI the payment schedule is defined at the Header –> Price & Discount fast tab –> Payment Schedule.

Create a Payment Journal  & on the lines select the option for payment proposal

Payment Schedule - FixedAmt1

 

3. When the Payment entries are to be allocated on Total

Payment Schedule - Total

When creating a PO/PI the payment schedule is defined at the Header –> Price & Discount fast tab –> Payment Schedule.

Create a Payment Journal  & on the lines select the option for payment proposal

Payment Schedule - Total1

 

Happy Learning..!

 

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