Negative Debit & Negative Credit Voucher

(0) Share

Report

Posted on by Community Member

Is it normal for AX to generate such vouchers. Please see the screenshot below. Bank is supposed to be Debited but instead it is Credited with a negative value. In AX is that acceptable? Sounds very weird to me.

*This post is locked for comments

I have the same question (0)

All responses (10)

Answers (1)

Suggested answer

Ludwig Reinhard Microsoft Employee on at

Like (0)

Report

Hello harry.b83,

From the description I can see that this seems to be a canceled voucher. Probably that's why you feel that the voucher looks strange?!

Best regards,

Ludwig

Was this reply helpful? Yes No
krishna.rao@dax 3,006 on at

Like (0)

Report

Hi Ludwig,

"Bank is supposed to be Debited but instead it is Credited "

Would you please explain above.

1. Why Bank is always debited.?

2. If we do the bank transfer it will be credited? this case not valid?

Was this reply helpful? Yes No
Verified answer

Brandon Wiese 17,788 on at

Like (1)

Report

This behavior is controlled by a checkbox often called Credit correction. It is known in the AX product as Storno accounting. msdn.microsoft.com/.../dynamicsaxglossary.1499590.aspx

When posting a Sales order invoice, for example, it is found on the Other tab of the Posting invoice form.

There may be a parameter under the Accounts receivable and/or Accounts payable modules that defaults into the posting form.

Under General ledger parameters, the Correction checkbox under the Transaction reversal group in the Accounting rules fast tab controls Storno accounting for the ledger module, i.e. General journals, Customer payment journals, etc.

Was this reply helpful? Yes No
Community Member on at

Like (0)

Report

Brilliant. thanks Brandon!!

Was this reply helpful? Yes No
Community Member on at

Like (0)

Report

Krishna - I did not mean Bank is Always Debited. I meant within the context of the transaction. My doubt was about the negative Debit & Credit. Thanks :)

Was this reply helpful? Yes No
krishna.rao@dax 3,006 on at

Like (0)

Report

Thanks Harry.

Was this reply helpful? Yes No
lally 8 on at

Like (0)

Report

[quote user="Brandon Wiese"]Under General ledger parameters, the Correction checkbox under the Transaction reversal group in the Accounting rules fast tab controls Storno accounting for the ledger module, i.e. General journals, Customer payment journals, etc.[/quote]

Hi All ,

Could anyone guide me how can use this functionality in the general journal or vendor invoice journal ?

Assume that a vendor invoice posted wrongly through invoice register and realized to correct that , I did not find any field correction in the vendor invoice journal / Invoice register / Invoice pool , in this case how to use the above functionality as suggested by Brandon .

Was this reply helpful? Yes No
Brandon Wiese 17,788 on at

Like (0)

Report

I don't think you can specify it during posting for ledger journals, and it's not part of the journal name setup. It appears, at a glance anyway, that the ledger parameter is the only control you have.

As far as guidance for its use, if the box is checked then you get negative debits and credits under some circumstances, and if the box is not checked, you don't. That leaves some room for discussion in terms of what circumstances are involved. It's not the case that all credits in a ledger journal becomes negative debits. It has to do with transaction reversals.

Was this reply helpful? Yes No
lally 8 on at

Like (0)

Report

Thanks for the reply ,

Assume that a vendor invoice has been posted with credit amount using invoice register , after that user realized that an invoice has been posted wrongly , so to correct that posted one more invoice register by entering the debit amount.

Now how to settle these two transactions as both transactions will show as open vendor transactions.

Any light ?

Was this reply helpful? Yes No
Brandon Wiese 17,788 on at

Like (0)

Report

That question is not related to this thread at all. This thread is about how reversing transactions land in the ledger.

The answer to your question is to start from the Vendor record and use Open transactions to mark the vendor invoice and its "reversing" invoice together and settle them, being careful about your cash discount settings. If you need more discussion on that, there are plenty of discussions about settlement in these forums, and you can start a new thread.

Was this reply helpful? Yes No