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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:
- Prepayment Configuration.
- Create the purchase order.
- Set up the prepayment.
- Post the prepayment.
- Make a payment.
- Settle the payment against the final invoice.
Vendor Posting Profile
Creates the vendor…
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