Parameters Updates Tab

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  • 1. Microsoft Dynamics™ AX 4.0
    Rapid Configuration Tool
    A/P Parameters Setup
    Updates Tab
  • 2. Accounts payable > Setup > Parameters
    Accounts Payable Parameters
  • 3. The Updates tab
    • The updates tab allows you to determine delivery values, packing slip postings, and functionality when processing invoices.
  • Accepting under-delivery
    Decide whether it is acceptable to mark a PO as completed and final if less than original amount ordered has been received
    If you decide to accept under-deliveries, you can set up a tolerance level on the reference tab of the item master
  • 4. Accepting over-delivery
    Decide whether it is acceptable to mark a PO as completed and final if more than original amount ordered has been received
    If you decide to accept over-deliveries, you can set up a tolerance level on the reference tab of the item master
  • 5. Safety level of invoiced orders
    Indicates whether invoiced PO’s can be edited
    “None” option allows for edits, such as adding lines
    “Warning” option allows for edits, but pop-up message is displayed before edits are allowed
    ‘Locked” option means no edits allowed to invoiced purchase orders
  • 6. Posting the packing slip
    Determines whether the GL will be affected when a PO is packing slip updated (the receipt of goods)
    If box is checked, postings will occur to denote receipt of goods
    If left unchecked, no inventory transactions will take place in GL at time of pack slip update and inventory value does not post until PO is invoiced
    Most companies choose to check this box
  • 7. Check for packing slip number
    This field defines how packing slip numbers are checked when entered for a purchase order
    You may not allow duplicates, not allow within a given year, allow for duplicate number entry, or allow but receive a warning first
    Safest option is to “reject duplicate”, as this will help ensure you are not updating the packing slip twice to the same purchase order.
  • 8. Delete purchase order line
    This checkbox determines whether a completed PO line should be moved to History or remain visible within the open PO
    Some companies prefer to have completed PO lines moved to history, so as to only see those lines that have not been completed
    Other companies prefer the entire order to remain intact until it is fully completed and then move it to history
  • 9. Delete purchase after invoicing
    Check this box if you want the PO to move to history after it is completed and fully invoiced. The “Mark purchase as voided” field on the General tab must be checked for the PO to move to history, otherwise it will be deleted.
    If left unchecked, when the PO is invoiced and completed it will remain within the open purchase order table.
    Most companies check this box
  • 10. Use document date for vendor
    This field is used to determine how the document date and posting date work together in Microsoft Dynamics AX
    If checked, the document date will be the vendor’s invoice date
    If unchecked, the posting date is used for both the posting date and the vendor’s invoice date
  • 11. Document dates
    Accounts payable > Journals > Invoice journal > View Journal Lines
  • 12. Settlement type for credit notes
    This field determines how credit notes will be applied
    None: the credit note will not be applied
    Open transactions: system automatically applies credit to the oldest invoice if the user has not specified an invoice
    Designated transactions: the user specifies which invoice the credit will be applied to either during data entry or later using open transaction editing functionality
  • 13. Credit note as correction
    This field works with general ledger postings
    If box is checked, credit note postings debit and credit the same accounts as the invoice postings, but using a negative sign
    If box is unchecked, the account that was debited at invoice will be credited and account that was credited will be debited
  • 14. Check the invoice number used
    This field defines how invoice numbers are checked when entered for a purchase order
    You may not allow duplicates, not allow within a given year, allow for duplicate number entry, or allow but receive a warning first
    Safest option is to “reject duplicate”, as this will help ensure you are not updating the same invoice number twice to the same purchase order
  • 15. Tax exempt number requirement
    Determine, based on countries/regions, whether tax exempt number will be required on the invoice
    If value other than None selected, tax exempt number will be required for the invoice
    If set to most common selection of “None”, then the tax exempt number is not required, but can be entered as needed for each invoice.
  • 16. Update order lines
    Accounts payable > Setup > Parameters > Updates tab > Update button
  • 17. © 2006 Microsoft Corporation. All rights reserved.
    This presentation is for informational purposes only. Microsoft makes no warranties, express or implied, in this summary.