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This white paper describes the concepts of the two types of accounting that take place when an accounting entry is generated for a product receipt or an invoice that contains stocked items. The examples in this white paper illustrate the journal entries that are created.

• This white paper describes the two types of accounting that take place when an accounting entry is generated for a product receipt or a vendor invoice that contains stocked items. Part of the process updates accrued liability or liability accounts, and uses the new accounting framework that was added in AX 2012. The other part of the process updates the inventory cost and uses the same posting process that was available in Microsoft Dynamics AX 2009. In AX 2012 R3, the resulting accounting entries from both processes will be created by using the same subledger entry journal and voucher. Accounting entries that add up to 0 (zero) will not be transferred to the general ledger. The examples in this white paper illustrate the journal entries that are created. This white paper is intended for end users who work with AX 2012 Inventory management, Procurement and sourcing, Accounts payable, and General ledger, and who want to understand the journal entries created by product receipts and vendor invoices for stocked items.

Files

Status: Live This download is still available on microsoft.com. The downloads below will come directly from the Microsoft Download Center.

File	Size
Accounting for stocked items on product receipts and vendor invoices.pdf SHA1: 4a1871c9dc7a0d2995faf7c5fc91e2a787bdcb56	453 KB

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• • To view the PDF file, you will need a PDF reader, such as the free Adobe Reader.
  • For information about the system requirements for Microsoft Dynamics AX 2012, see System requirements for Microsoft Dynamics AX 2012.

• 1. Click Download to download the document in PDF file format.
  2. Save the file to your computer.