Answered

Method of payment in AX2012 R3

(0) Share

Report

Posted on by NaveenKumar S

3,313

While selecting method of payments there is a period field which needs to be setup it has 4 options what do these stand for, how to know which one to select?

thanks in advance

Categories:

Financial Management

All responses (4)

Answers (1)

NaveenKumar S 3,313 on at

Like (0)

Report

RE: Method of payment in AX2012 R3

thanks, my doubts are cleared
Felvaz on at

Like (0)

Report

RE: Method of payment in AX2012 R3

I like the response and the blog as well. Nice!
Suggested answer

Felvaz on at

Like (1)

Report

RE: Method of payment in AX2012 R3

Hi Naveen,

See the following link in TechNet, where you can find information about your question.

http://technet.microsoft.com/en-us/library/aa569914.aspx

Felix
Verified answer

Community Member Microsoft Employee on at

Like (2)

Report

RE: Method of payment in AX2012 R3

Hi,

The period will allow you to determine how many payments you will generate for the same vendor.

Total means that only one payment will be generated for all the open invoices pulled in the payment journal.

Date means that invoices will be grouped per date and one payment per day will be generated.

Week is the same idea as Date however invoices are grouped per week.

Invoice means that one payment will be generated per open invoice. If you pull 10 invoices for the same vendor in your journal, the system will generate 10 payments.

This setup is used during the payment proposal process.