Transfer a Balance from a Customer Account to a Vendor Account in Dynamics AX
Posted Sunday, January 17th, 2010 by Barry Brown
We had a client recently who had a business relationship with a customer that was also a vendor. Standard AX allows this cross reference in from both the customer master and the vendor master. They were attempting to transfer a balance from the customer account to the corresponding vendor account. Here’s the process:
Step1: Create an INVOICE Journal (or you can use a General Journal). Click Lines.
Enter the AMOUNT to (DEBIT or CREDIT) the Vendor account. Offset the Posting to the related CUSTOMER ACCOUNT. Enter the proper POSTING date.
POST THE ENTRY.
Step2: On the Vendor Account “SETTLE” the Outstanding DEBIT/CREDIT amounts through OPEN TRANSACTION EDITING.
Step3: On the CUSTOMER Account the amount is now open, and posted to the AR Account.
Tags: customer is a vendor, vendor-customer AX
Posted in Dynamics AX, Financial
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Not yet using Dynamics AX? I.B.I.S., Inc. gives you the Dynamics AX options you want, and the business results you need.
Learn more about our Dynamics AX solutions
