AX2012 Product receipt entry issue

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Posted on by NaveenKumar S

3,352

Hi All Whenever we receive (packing slip or GRN) a Stocked item which has post physical inventory, post financial inventory check marked.

following entries are suppose to happen

Purchase expenditure uninvoiced Dr

Purchase accrual Cr

Product receipt Dr

Purchase expenditure uninvoiced Cr

but in my system as soon as i receive the item, i'm getting transaction (1) (accrual entry) only transaction (2) do not appear I have checked AP parameters, and check marked post receipts to ledger. is there something missing? what could be the issue?

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NaveenKumar S 3,352 on at

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RE: AX2012 Product receipt entry issue

Now i'm able to get correct journal entries after i unchecked the fixed price check option in Item model group.

Thanks for helping
NaveenKumar S 3,352 on at

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RE: AX2012 Product receipt entry issue

let me try and check that,

its a UAT system.

thanks
Weaveriski 23,616 on at

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RE: AX2012 Product receipt entry issue

Try in a different system with the same settings. Create the item and model group manually

Is your current system a live one? Has it ever worked? Do all systems perform the same?
NaveenKumar S 3,352 on at

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RE: AX2012 Product receipt entry issue

Yes
Weaveriski 23,616 on at

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RE: AX2012 Product receipt entry issue

That is fine

Item Model Group - Accrue liability on product receipt is ticked?
NaveenKumar S 3,352 on at

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RE: AX2012 Product receipt entry issue

There is one entry,

Company (rule type)

All (source document type)

Synchronous (Transfer mode)

No (summarizing account entries)

this is the set up for batch transfer rule all is instantly transferred
Weaveriski 23,616 on at

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RE: AX2012 Product receipt entry issue

General Ledger Parameters - Batch Transfer Rules.

How is this configured - you can get the purchase order to sit in the sub-ledger until you run the batch transfer to push the transactions into the general ledger.
NaveenKumar S 3,352 on at

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RE: AX2012 Product receipt entry issue

Yes its a stocked product

post physical inventory

post financial inventory

both are check marked

i did not understand your question, subsidary accounts?

its a simple PO no customisation
Weaveriski 23,616 on at

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RE: AX2012 Product receipt entry issue

Is post physical inventory ticked in the item model group?

Is it a stocked product in the item model group?

Are you posting to subsidiary ledgers?
NaveenKumar S 3,352 on at

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RE: AX2012 Product receipt entry issue

In AP parameters --> updates--> post product receipts in ledger.

yes I check marked it and then created a PO and received it