August 10th, 2012 by Mohamed Aamer

In my previous post MS Dynamics AX 2012 Vendor Prepayment – Overview I have covered the business rational behind vendor prepayment, and illustrated the basic business cycle.

At this post I will walkthrough posting profiles setups for Vendor Prepayment, where any prepayment transaction occurred it generate a financial entry on specific accounts which identified on posting profile.

MS Dynamics AX 2012 Prepayment - Setup

 

 

 

Application Consultant and Financial controller working together during Design phase to identify posting profiles, its workshops takes much time to reach the final proper setup.

 

Vendor Posting Profile

Here creates posting profiles, and assign ledger accounts which will be affected when posting vendor prepayment invoice, prepayment payment, and vendor invoice.

MS Dynamics AX 2012 Prepayment - Setup

 

 
Accounts Payable Parameter

Here assign the default vendor posting profiles

MS Dynamics AX 2012 Prepayment - Setup 

 

 

 

 

 

 

 

 

Inventory posting profile

Here identify ledger accounts which will be affected when prepayment transaction occurred for a specific item    

MS Dynamics AX 2012 Prepayment - Setup

 

 

 

 

 

User group: DynamicsArabia

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