AX Content: Accounting for stocked items on product receipts and vendor invoices
There are two types of accounting that take place in Microsoft Dynamics AX 2012 R3 when an accounting entry is generated for a product receipt or a vendor invoice that contains stocked items.
- Part of the process updates accrued liability or liability accounts, and uses the new accounting framework that was added in AX 2012.
- The other part of the process updates the inventory cost and uses the same posting process that was available in AX 2009.
In AX 2012 R3, the resulting accounting entries from both processes are created by using the same subledger entry journal and voucher, so that only one voucher is created.
Accounting entries that add up to 0 (zero) for Purchase expenditure, un-invoiced will not be transferred to the general ledger. Accounting entries that add up to 0 (zero) for Purchase, inventory receipt will
be transferred to the general ledger in a single zero-amount accounting entry. This entry will represent the profit and loss relationship when sales tax is applicable, and therefore will be used in tax specification reports.
How to learn more
The Accounting for stocked items on product receipts and vendor invoices white paper illustrates the journal entries that are created in AX 2012 R3. You can
get the white paper from the Download center at Accounting for stocked items on product receipts and vendor invoices.
