Resource Page for Financials Management in Microsoft Dynamics AX 2012

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• System Requirements for Microsoft Dynamics AX 2012
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• KB 2665135: "The provided database instance does not meet the applicability requirements for this update" error message when you try to install a hotfix in Microsoft Dynamics AX 2012
• Resource Page for Upgrading to Microsoft Dynamics AX 2012
• Dynamics AX 2012 Data Import Using Excel Add-in tool

Critical Hotfixes

There are several known issues in the Financials Management applications area of Microsoft Dynamics AX 2012 for which we have released a variety of different relevant hotfixes. It is highly recommended that you are on the most recent updates for Microsoft Dynamics AX 2012. Listed below are relevant hotfixes in the Microsoft Dynamics AX 2012 which are important to ensuring that you have the most recent fixes:

NOTE: This article may provide early information on hot fixes released by Microsoft. This means the Knowledge Base (KB) article referenced may be in the process of getting written and published and not available yet. The KB article, if available, provides more details on the issue, resolution and hot fix availability. If the Knowledge Base article is not available, you can still request the hot fix by contacting support. Please refer to the Still Having Trouble section for instructions on requesting a hot fix.

Relevant hotfixes in the functionality area of Consolidations/Eliminations/Foreign Currency Revaluation

• KB 2708451 "Foreign currency revaluation not revaluing beginning account balances"
• KB 2661912 "The combination must be re-validated to be used" error message when you run the foreign currency revaluation in Microsoft Dynamics AX 2012
• KB 2654573 The system revalues all transactions even though you run the foreign currency revaluation on an account for a specified fiscal year in Microsoft Dynamics AX 2012
• KB 2638053 Account structure error occurs when you run the "Foreign currency revaluation" function in a consolidated company in Microsoft Dynamics AX 2012
• KB 2623873 The system does not sum up amounts or transactions as expected when you run the consolidation by dimension combination in Microsoft Dynamics AX 2012
• KB 2623870 Consolidating an account removes transactions from the previous month's consolidation

Relevant hotfixes in the functionality area of Virtual Companies

• KB 2678772 Stack trace error occurs when virtualized companies are used in the LedgerParameters table in Microsoft Dynamics AX 2012
• KB 2669359 "Cannot edit a record in Fixed assets/depreciation books (AssetDepBook)" error message when you try to split a fixed asset depreciation book in Microsoft Dynamics AX 2012
• KB 2659670 "Stack trace: The company [CompanyName] does not exist" error message when you try to invoice a purchase order in a virtual company in Microsoft Dynamics AX 2012

Relevant hotfixes in the functionality area of Check Printing

• KB 2699828 AP Check with more than one page and check without a settlement and without a check note prints up one line.
• KB 2680823 Voided check creeps up three lines incorrectly when you print a payable check that contains more than one page in Microsoft Dynamics AX 2012
• KB 2658658 The "Check start position" setting is not applied in Microsoft Dynamics AX 2012
• KB 2654102 The system prints addresses on the check even though you use a fixed Canadian check format to print a check in Microsoft Dynamics AX 2012
• KB 2644632 Only one check stub is printed when you print a check that contains two stubs on the bottom in Microsoft Dynamics AX 2012

Relevant hotfixes in the functionality area of 1099s

• KB 2703177 If you do Centralized Payments for 1099 vendors you can't report on the 1099 amounts in the Paying Company
• KB 2704309 1099 MISC Vendors print in incorrect boxes or not at depending on what MISC value you set the vendor up as
• KB 2681423 The Tax 1099 Duplicate Taxpayer Identification report unexpectedly displays every vendor that is set to print the 1099 report and has a tax ID number in Microsoft Dynamics AX 2012
• KB 2646740 An update that provides updates to 1099 forms for the 2012 tax year and that fixes some 1099 issues is now available for Microsoft Dynamics AX
• KB 2648973You cannot edit the "Settled federal 1099" field for tax 1099 transactions in Microsoft Dynamics AX 2012

Relevant hotfixes in the functionality area of Dimensions

• KB 2654574 The Vendor Invoice Offset Account lookup does not work if the offset account is not a Ledger type offset account in Microsoft Dynamics AX 2012
• KB 2685876 The system does not update the financial dimensions for a value model after you post a purchase order of a fixed asset that uses the value model in Microsoft Dynamics AX 2012
• KB 2639831 Financial dimensions that are specified in resources do not flow down to route operations in a production order in Microsoft Dynamics AX 2012
• KB 2635032 You cannot click the lookup button in the "Offset account" field to select dimensions in an Accounts Payable invoice journal in Microsoft Dynamics AX 2012

Relevant hotfixes in the functionality area of Inquiries and Reports

• KB 2686728 Accrued Purchases Report in AX 2012 is not able to interpret upgraded PO's because the upgrade doesn't create ACCOUNTINGEVENT records
• KB 2682730 The "Trial balance" report displays incorrect beginning balance amounts after you close the fiscal year in Microsoft Dynamics AX 2012
• KB 2672902 The Trial Balance report displays no amount when you print the report for the Only Tax posing layer in the Summary level in Microsoft Dynamics AX 2012
• KB 2638050 The Backward printing direction does not work when you set the Backward printing direction in an aging period definition for the "Vendor aging" report in Microsoft Dynamics AX 2012
• KB 2709626 The Voucher Transactions Inquiry form does not have a Voucher field in AX 2012 like it did on AX2009

Relevant hotfixes in the functionality area of other functionality

• KB 2710781 Customers are charged from their credit card when you print pro forma invoices in Microsoft Dynamics AX 2012
• KB 2712626 Bank Reconciliation Report showing incorrect data and not displaying the records for the Bank Account I requested
• KB 2692743 When you have the 'Generate recurring invoices by using the default values from' setting flagged to 'Customer account' in Recurring invoices setup, the recurring invoice generated assumes Sales Tax Group from template instead of customer account
• KB 2654576 "Voucher [Voucher_Number] is already used as of date [Date]" error message when you try to post a purchase order invoice through an invoice approval journal in Microsoft Dynamics AX 2012
• KB 2616679 "Must be called with Journal lines table buffer passed" error message when you add an address on the Remittance tab for payment journal in Microsoft Dynamics AX 2012
• KB 2617890 The maturity date is not printed in a postdated check in Microsoft Dynamics AX 2012

Related Resources

• In Microsoft Dynamics AX 2009, you had the ability to force a specific dimension value as being 'Fixed' for a respective General Ledger account number. In Microsoft Dynamics AX 2012, you also have the ability to accomplish the scenario of having a specific dimension value as being 'Fixed' for a respective General Ledger main account. However, the avenue towards accomplishing this in Microsoft Dynamics AX 2012 is different.
  
  For information around how to accomplish a 'fixed' financial dimension value in Microsoft Dynamics AX 2012, review the 'Microsoft Dynamics AX Shared Financial Data Management White Paper.pdf' document. Specifically, page 13 in the document includes discussion around the use of 'Fixed' financial dimension values in Microsoft Dynamics AX 2012.
  
  You can also view additional information on this topic in the AX Support blog.
• In Microsoft Dynamics AX 2009, you could share your General Ledger account numbers across companies through the setup of a unique virtual company configuration. In Microsoft Dynamics AX 2012, we have a Shared Setup configuration across legal entities that allow you to more easily share data across legal entities. It is important to understand the mapping of a Legal Entity to a Ledger, a Legal Entity's Ledger to a Chart of Accounts, and a Chart of Accounts to Account Structure(s). With having a better understanding of how Legal Entities, Ledgers, Chart of Accounts, Account Structures align to each other, you will have a better feel for the powerful financial dimension capabilities in Microsoft Dynamics AX 2012.
  
  For additional information around the mappings between Legal Entities, Ledgers, Chart of Accounts, Account Structures in Microsoft Dynamics AX 2012, review the 'Microsoft Dynamics AX Shared Financial Data Management White Paper.pdf' document.
• How to import exchange rate from external sources in Microsoft Dynamics AX 2012 Consuming Web Services
• In Microsoft Dynamics AX 2012, summary balances for a main account/financial dimension combination are not necessarily automatically updated during the posting logic. The setup of your financial dimension sets in Microsoft Dynamics AX 2012 control whether a main account/financial dimension combination's summary balance will be updated during the posting logic. If the Trial Balance list page doesn't appear to display the appropriate balances for a main account/financial dimension combination, you will want to check as to whether or not the 'Update balances during the posting process' option is marked for the financial dimension set for which you are viewing data for. If you do not have the 'Update balances during the posting process' option marked, you will need to continuously update balances on the financial dimension set in order for the main account/financial dimension combination's summary balances to be accurate in the Trial Balance list page.
• Hide Specific Dimension Value in Microsoft Dynamics AX 2012: Assume that you have a legal entity called CEU and a legal entity called CEED and both legal entities share the same Chart of Accounts which is called 'Corporate'. The 'Corporate' Chart of Accounts has two account structures: Account Structure (contains all Balance Sheet accounts); and Account Structure-PL (contains all P/L accounts). Both of these account structures are configured to use the Main account and a custom financial dimension value that I've created called BU, which represents a Business Unit. I then have Business Units setup as financial dimension values: ONE, TWO, THREE, and FOUR. In the CEU legal entity, all four of the BU financial dimension values should be available for use. However, in the CEED legal entity, I only want the BU financial dimension values of ONE, TWO, and THREE to be available for use. This means that for the CEED legal entity, I would like to prevent the use of the FOUR BU financial dimension value from being used. You can easily accomplish in Microsoft Dynamics AX 2012 through use of the 'Suspended' checkbox in the Financial dimension values form. The steps towards accomplishing this in Microsoft Dynamics AX 2012 using the scenario that I've outlined above include:
  
  • Go to General Ledger | Setup | Financial Dimensions | Financial Dimensions to open the Financial Dimensions form.
  • In the Financial Dimensions form, click on the BU financial dimension, and then click the Financial Dimension Values button to open the Financial dimension values form.
  • In the Financial dimension values form, click on the FOUR financial dimension value.
  • In the 'Select the level of dimension value to display' field, select Companies.
  • In the Companies(+) field, select the CEED legal entity.
  • In the Companies drop-down field, select the CEED legal entity.
  • Mark the 'Suspended' checkbox.
  • Close the Financial dimension values form.
  When you now try to use the FOUR financial dimension value in the CEED legal entity on a transaction, an error message will appear stating "Dimension value FOUR is suspended."

Still having trouble...

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