I hope you are doing great. I have a question regarding the Accural schemes and please share your thoughts .
Accural Schemes - Ledger accruals redistribute the costs or revenues of a journal line so that the costs and revenues are recognized in the appropriate periods.
I know how the Standard Ax accural schemes funcitonality works .
My scenerio is as a best practice what ever payment client do outside , they treated as a vendor .
Now client has to payment the insurance amount for the Financial year 2014-2015. This amount is applicable for whole year , that means when entry posted system should automatically split the amount month wise.( How the normal accural scheme does )
Client Entry :
Type Debit Credit
Vendor - 1,20,000 - This amount should split automatically as how Ax does when select Main Acc.
Bank - 1,20,000
But in AX we do not have the option to select the vendor in Accural scheme only supports the Ledger account only.
How to get the expected result as mentioned above?
AX has a functionality of prepayment, below link can guide you on that.
Probably you did not understand my query properly.
I am asking about the Acural scheme functionality for vendor also and how to achieve that?
Any help is highly appreciated ?