This section will explore the transactions of the Accounts payable module; transactions are divided into two main categories, invoicing and payment:
Invoicing: This is divided into purchase-order-related invoices and nonpurchase-order-related invoices:
The purchase-order-related invoices: These invoices represent the invoices that are normally attached to a purchase order(s). Invoices related to a purchase order can be the final invoice of the purchase order, which is received after delivering the goods, or the prepayment invoice, which is recorded before delivering the goods. The attached prepayment invoice to a particular purchase order is a new functionality released in Microsoft Dynamics AX 2012.
The nonpurchase-order-related invoices: These invoices represent the vendor liabilities for services rendered to the company; there are two types of recording service invoices. The first is noninventory invoices, which are related to nonstockable items...