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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Payment Proposal, Paym...
Microsoft Dynamics AX (Archived)

Payment Proposal, Payment Journal and Invoice Journal

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Posted on by Community Member

Hi,

I would like to know the purpose in layman terminology for the below terms 

1. Invoice Journal

2. Payment Journal

3. Payment Proposal

Thanks in Advance.

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    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Payment Proposal, Payment Journal and Invoice Journal in ax 2012

    Hi vamsiax12,

    In a nutshell:

    - Invoice journal: This is a journal for recording vendor invoices

    - Payment journal: This is a journal that is used for paying the recorded vendor invoices

    - A payment proposal is created in a payment journal. It is a process that filters all due invoices that need to be paid.

    Hope this helps.

    Best regards,

    Ludwig

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