Thursday, September 10, 2009

About Posting Accounts in Dynamics AX2009

About sales order posting

Use the Inventory posting form to control the following sales order posting
accounts:

* Packing slip

* Packing slip offset

* Issue

* Consumption

* Revenue

* Discount

* Commission

* Commission offset

* Packing slip revenue

* Packing slip revenue - offset

* Packing slip tax

When you create an order line (On order status), an inventory transaction is
generated with the quantity specified, but without any financial value.

When you update the packing slip for the item (Deducted status),
transactions based on the items cost at the time the packing slip is updated
are generated in the packing slip account, and the packing slip offset
account, in connection with the packing slip update.

In order for the posting to occur, you must select two setup check boxes:

1. Post physical inventory (Inventory management > Setup > Inventory >
Inventory model groups > Setup tab).

2. Post packing slip in ledger (Accounts receivable > Setup > Parameters
> Updates tab).

When you invoice-update (Sold status) the item, the two packing slip
transactions are reversed. The items cost is credited to the account for
inventory issues, and the account for item consumption is debited.

The item sale, excluding any taxes, such as sales tax, is credited to the
revenue account. Tax is credits to the tax codes account. The sale,
including any taxes such as sales tax, is debited from the customer summary
account as set up in the customer's posting profile.

* For Discount, the sales order is posted before the line discount
is deducted, and the line discount is debited in the account for discounts.
If no account is specified for discounts, the revenue is posted after the
line discount is deducted, and the latter is not recorded directly in a
ledger account.

* For Commission, a commission account, and a commission offset
account are created. These accounts provide an overview of the
ledger-posting of commissions. When you invoice-update a sales order, the
commission on the posted amount is debited from the commission account and
credited to the commission offset account.

About purchase order posting

By using the Inventory posting form, you can control the following purchase
order posting accounts:

* Packing slip

* Packing slip offset

* Receipt

* Consumption

* Discount

* Fixed receipt price profit

* Fixed receipt price loss

* Fixed receipt price offset

* Charge

* Stock variation

* Packing slip purchase

* Packing slip purchase offset

* Packing slip tax

* Fixed asset receipt

When you create a purchase line (Ordered status), an inventory transaction
is generated with the quantity specified, but without any financial value.

When the item is received (Received status), transactions based on the
items' cost as recorded in the purchase line are generated in the packing
slip account, and the same transactions are reflected in the packing slip
offset account for the packing slip update.

For the posting to occur, you must select two setup check boxes:

1. Post physical inventory (Inventory management > Setup, Inventory >
Inventory model groups > Setup tab).

2. Post packing slip in ledger (Accounts receivable > Setup > Parameters
> Updates tab).

When you update the invoice for the item (Purchased status), the two packing
slip transactions are reversed. For an item not using standard cost, the
item's true cost is debited from the inventory receipt account. Any tax is
debited in the tax code account, and item purchases, including tax, are
credited to the vendor summary account according to the setup in the
supplier's posting profile.

For items with a standard cost, transactions are made based on the standard
cost specified in the Price field on the Price/Discount tab on the Inventory
table. The difference between the real cost and the standard cost is posted
in the standard accounts for gains and losses.

If an account for discounts is indicated, the purchase posts before the line
discount is deducted, and the line discount will be credited in the separate
account for discounts. If you do not specify an account for the line
discount, the inventory receipt is posted after the line discount is
deducted, and the latter is not recorded directly in a ledger account.

To specify that a purchase is for the internal use of a fixed asset, use the
Fixed asset receipt option.

About inventory posting

Microsoft Dynamics AX provides control over the following inventory posting
accounts:

* Fixed receipt price profit

* Fixed receipt price loss

* Issue

* Loss

* Receipt

* Profit

* Fixed asset issue

You can generate transactions for inventory profits and losses when you
record transactions in the inventory, for example, in a profit/loss journal.
For inventory profits, the receipts account is debited, and the account for
inventory gains is credited. For inventory losses, the issues account is
credited and the account for inventory gains is debited.

About production posting

Production posting activities follow the production process.

* As items are consumed during production they are recorded in the
production order. This process generates issue transactions to make up for
the missing raw materials.

* As the materials are consumed, they are posted to both the Picking
list issue account and the Picking list offset account.

When the production is reported as finished, a receipt transaction is posted
to the finished item. The cost calculated for the finished item is then
posted to both the Report as finished receipt account and the Reported as
finished offset account.

Finally, when production is complete, all accounts are updated with the
final calculations. The raw materials that were actually consumed are
credited to the account tracking inventory issues and debited from the
account tracking item consumption. The overall cost of the finished item is
debited from the inventory Receipt account and credited to the inventory
Issues account.

are posted to during production

* Picking list issue

* Picking list offset account

* Report as finished receipt

* Reported as finished offset account

* Issue

* Issue offset account

* Receipt

* Receipt offset account

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