Non-stocked items

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Posted on by cpironmo

Hi,

I wonder if anyone has a solution for this problem. We have certain items in our inventory that we buy on Purchase orders and want the financial value to be posted to ledger but we do not want to see, receive or issue physical inventory.

Do these items have to be of type service or can they remain type item and some setup can aceive this.

Any help would be most appretiated.

Thanks

Chris

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Ivan (Vanya) Kashperuk on at

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This functionality is provided out of the box in the next release of Microsoft Dynamics AX. You might want to simply wait for the release, and upgrade to the latest version. You might also want to consider enrolling into a TAP program as a Go-Live customer.

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diana g 689 on at

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I'm assuming that when you say you want the value to post to ledger that you mean you want them to post directly to expense accounts rather than inventory accounts.

If that's the case then yes. Set them up as service items. In the inventory model group make sure that you uncheck post physical and post financial inventory, this is really what makes the item a service item as opposed to the item type service which simply excludes them from inventory reports. Then when you post the PO invoice the transaction wil be posted to the expense account which you specify in the inventory posting profile - purchase - consumption.

Not entirely sure this is what you're after based on the wording on your question. If not, give a little more detail about what you need.

Di Thompson

www.thePPAXstore.com

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Evert Bos on at

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if you uncheck financial posting, are you getting a posting at all when you receive a PO? IN my testing you do not. Service items should keep the financial posting to "yes" I would think, if not you have switched off the connection to the ledger entirely. (which is what the non-stock products do and I think this new feature is unusable for that reason)

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Community Member on at

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This question is still marked as unanswered. Yet it looks like Diana answered it very thoroughly and accurately.

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lally 8 on at

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Hi Diana ,

I have a question like what is the meaning of Purchase consumption account and difference between expense Vs consumption accounts ?

Thanks in advance.

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Community Member on at

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Hi Lally,

In your posting profiles, under the purchase order tab, the Consumption button shows which accounts are impacted when the Invoice for the Purchase Order is done. Diana was advising you would direct your posting profile setup to have the expense account in the Consumption button....that way when you do the invoice for your purchase order, it will hit the expense account.

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lally 8 on at

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Hi Shenry ,

My Question is difference between the Expense Vs Consumption ?

In which scenerio expense account or consumption accounts would effect ?

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lally 8 on at

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Any pioneer come up with the answer ?

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Community Member on at

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Hi Lally,

I don't think I'm fully understanding your question. To my knowledge, there is no difference between expense and consumption. On your posting profiles, under the Consumption button of the PO tab lists what accounts will be affected once the invoice is processed for that PO. So that's the road you take to determine if the item is to be expensed to a specific account at that time or just put into an inventory account.

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