Inventory Posting Cheat Sheet for Manufacturing in Microsoft Dynamics AX Posted on: May 19, 2015 By: Jarrod Kraemer Microsoft Dynamics AX/365 Inventory is usually an organization’s largest asset, so it is essential to ensure that the value of our inventory is properly recorded and that this data is properly interpreted. Sep 17, 2014  Microsoft Dynamics AX 2012 – Setting up a new company Home Blog Microsoft Dynamics AX 2012. Same setup to be followed as that of Accounts Payable Setup; Create posting profile, select default and create payment methods. Set main account as Cash at Bank. Define check method as fixed. Tab of Check at the top and set it to fixed.

1. Microsoft Dynamics Ax Setup

General Ledger Common Main Accounts – Just for Demo Purpose. 101 Cash in Hand – Balance Sheet. 102 Cash at Bank – Balance Sheet.

103 Financial Inventory – Cement – Balance Sheet. Do not allow manual entry. 104 Financial Inventory – Steel – Balance Sheet. Do not allow manual entry. 105 Goods received – Balance Sheet. Do not allow manual entry. Category Inventory.

106 Accounts Receivable – Balance Sheet. Do not allow manual entry. Category AR. 107 Building – Balance Sheet. Fixed Asset Account. Other Assets.

201 Accounts Payable – Balance Sheet. Do not allow manual entry.

AP. 202 Accrued Liability – Balance Sheet. Do not allow manual entry. 401 Rent Income – PandL Account. Income account. 501 Project Hours – PandL Cost of Goods sold account. Do not allow manual entry.

502 Purchases – PandL Cost of goods sold. Do not allow manual entry. GL Setup Configure accounting structureJAK Balance Sheet Structure and define a new rule to be between 101 to 399 only.JAK Profit and Loss Structure and define a new rule to be between 401 to 599. Accounts Payable Setup. Vendor Posting Profile Make a new one. Table and Select Accounts Payable Account in the Summary column. Accounts payable parameters, and select the posting profile just created in Ledger and Sales Tax.

Default Posting Profile. Modify number sequence of Vendor Account if you want to have a meaningful. Add a contact V and remove company if you want that. Optional Step. Setup Payment Method of Payment create a new one. Payment Type OtherSelect Payment Status as Sent.

Another Payment Method Check Method of Payment Check and make it required in the payment options.

About Muhammad BurhanPresently I am working in a renowned Microsoft Gold Partner in New Zealand and Australia region as a Dynamics Consultant.I have more than 13 years' industrial experience. Hello NYT963,If there are two different accounts for gain and loss, then its better to setup the posting profile with either Gain account or Loss account, but when you post the journal, you need to change the account. For example 18011 is a Gain account and 18022 is a Loss account. If you set posting profile with 18011 i.e. Gain account, and if you want to post journal for loss entry, then in journal line you need to change the account to 18022 i.e. Loss account.This can only be the solution in your case. Generally there is only one FA account for maintaining gain or loss on sale/scrap.Regards,Aleem.

or to post comments. Download neat video plugin free. Salam.Dear Burhan, you are using the cost account in offset account field of FA disposal sale but I have gone through a blog in Microsoft Dynamics Community where Mr. Aamer is using the FA gain/loss account.The steps given by Mr.

Microsoft Dynamics Ax Setup

Amer are as follows:You have to do the following steps four times starting by select value model, FA group, group ID, and post value, sales value type, ledger account, and offset account. Hi Aleem,This is the benefit of ERP system; you can configure the system according to your business requirements.You have to confirm the financial impact with CFO before configuring fixed assets disposal sale posting profile.Generally, fixed asset accounting activities comply with government regulations, so it may change country to country.I have provided the examples of financial impact for each configuration; if your requirements are matched with given financial impact then you can use this setup.I hope this make sense.Cheers,. or to post comments.