April 15th, 2012
Mohamed Aamer
Comments Off on Understanding the Settlement Mechanism in Microsoft Dynamics AX

Settlement is an accounting transaction that occurs on accounts payable, accounts receivables, and general ledger. This transaction is used mainly for settling vendor invoices against vendor payments or advanced payment, and customer invoices against customer collections or advanced collection. Settlement could occur on general ledger transactions as well.               […]

February 27th, 2012
Mohamed Aamer
Comments Off on Vendor settlement mechanism – MS Dynamics AX

Vendor settlement in MS Dynamics AX is a transaction occurred to settle vendor advanced payment against vendor invoices, and this function done in monthly basis. Vendor settlement have two different effects first one on vendor level, it is vendor open/close transaction, and second one financial entry, the financial effect occurred only in one case if […]