Vendor Prepayment Functionality

27 Mar

I like your post and reblogging it on my personal blog.

Microsoft Dynamics AX

The primary objectives to have an ERP (Enterprise Resource Planning) application in the company is to manage and control its resources in organization. Vendor’s prepayments are common or a normal practice in daily business where some vendors request a prepayment (amount/percentage) before shipping the goods or services. MS Dynamics AX 2012 covers this business needs by offering Vendor Prepayment Function, you can track prepayments by defining the prepayment on a purchase order. Vendors can also create a prepayment invoice that is associated with a purchase order, this function was not covered in the previous versions of MS Dynamics AX.

Following are the steps involved with configuring and processing a prepayment for a purchase order, which include the following:

  1. Prepayment Configuration.
  2. Create the purchase order.
  3. Set up the prepayment.
  4. Post the prepayment.
  5. Make a payment.
  6. Settle the payment against the final invoice.

Prepayment Configuration

Vendor Posting Profile

Creates the vendor…

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Posted by on March 27, 2017 in Uncategorized


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