Reversing transaction

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Hi,

In Dyanmics AX 2012, I can set up system as Change-sign accouting on voiding invoice or reversing transaction.

Regards,

Tuyen

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  • Hi,

    In Dyanmics AX 2012, can I set up system as Change-sign accouting on voiding invoice or reversing transaction. How to configure it?

    Regards,

    Tuyen

  • Hi Tuyen,

    In A/R Parameter mark the field “Credit Note as correction”.

    This parameter could be changed during the process of Invoice Posting.

    BR,

    Anton

  • similar setting exists for AP.

    Zvika Rimalt * Dynamics AX Business Analyst/Functional Consultant * Vancouver, BC, Canada

  • Hi Anton,

    I have set up as your guide.

    I also checked by entering a free text invoice and cancel the bill. Original invoice: accounting in Debit 1311 / Credit 5113.  Canceling invoice, accounting in Debit 5113 / Credit 1311.

    I want the Canceling invoice create accounting: Debit 1311/ Credit 5113 (negative amount). Help me pls.

    Thanks you.

    Tuyen

  • Hi Tuyen,

    When you press “Posting>Free text invoice” there is a field “Credit Correction”  - “Select this check box to display a credit correction (for example, a credit note) as a debit in your voucher transactions. The negative credit (debit) corrects the previous (incorrect) transaction. This method of correcting entries is known as Storno. ”

    BR,

    Anton Ivanov

  • Hi Anton,

    When posting a Free text invoice, the check box "Credit Correction" has been selected. And then I viewing Subledger journal of Cancelling invoice, it dit not accounting the negative amount.

    Tuyen

  • Hi Tuyen,

    Probably there is a conflict between your localization package and this functionality (the comments that I have send was from standard Help of the system).

    You could try to see if this functionality works with invoices via Sales Orders – if yes you could issue invoices from here (and not to use Free text invoice).

    Best regards,

    Anton Ivanov