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.
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.
Accounts Payable Parameter
Here assign the default vendor posting profiles
Inventory posting profile
Here identify ledger accounts which will be affected when prepayment transaction occurred for a specific item
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