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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Accounting Resume in ...
Microsoft Dynamics AX (Archived)

Accounting Resume in AX 2009

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Posted on by Community Member

Hi All,

I have a situation here and I need the members input in this subject.

We were using AP in AX 2009. We were doing sales order ,packing slip and invoice against the Packing Slip.

We skipped the process of invoicing for at least a year as we are maintaining accounts in a separate system.

Now we wanted to maintain entire accounts in AX 2009.   What is the best way to resume the Accounting in AX 2009? Do we need to do all the Invoice for the last one year or is there is any other approach that is little time and resource consuming?

Appreciate all your inputs in advance.

Thanks,

Andrews

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Andrew,

    There are many things to consider and I believe you will lot's of feedback from other community members as well. I will try to start with the first bullet points that you should take into consideration for making your decision on how to continue:

    * Inventory valuation: Where - that is in which System - and how are you evaluating your inventory? If you have not invoice updated your purchase orders for a Long-time. Please consider what influence this might have on your inventory valuation?

    * AP balances: If you start invoice updating your purchase orders you will get a lot of Transactions posted on the AP summary accounts. If you already recorded those amounts in a different System and consolidated the data you might Need to put some effort in getting those balances right.

    Hope it helps,

    Ludwig

  • Community Member Profile Picture
    Community Member on at

    Hi ,

    I have wrongly mentioned Sales Order instead of Purchase Order. Please read as "Purchase order ,packing slip and invoice against the Packing Slip".

    Thanks

    Andrews

  • Community Member Profile Picture
    Community Member on at

    Hi Ludwig,

    Thank you for you quick reply.

    We are maintaining the Inventory valuation out of AX. We take only the On Hand stock from AX and do the valuation in AX . But we wanted to do this in AX itself.

    On AP balance side we do have the amounts recorded in other system.  We want to start AP fresh from  II QTR. Can we close upload the balance in one transactions and close the period without updating each and individual invoices?

    Thanks again for your inputs and time.

    Regards

    Andrews

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Andrew,

    If you start "fresh" with AP vom the 2nd Quarter and plan to pay vendors later on through AX you need to record every open invoice. A simple Balance upload won't do the job as you need to select individual invoices for payment in the AP payment journals.

    Best regards,

    Ludwig

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