Book Image

Microsoft Dynamics AX 2012 R3 Financial Management

By : Mohamed Aamer Ala El Din (USD)
Book Image

Microsoft Dynamics AX 2012 R3 Financial Management

By: Mohamed Aamer Ala El Din (USD)

Overview of this book

Table of Contents (18 chapters)
Microsoft Dynamics AX 2012 R3 Financial Management
Credits
About the Author
Acknowledgments
About the Reviewers
www.PacktPub.com
Preface
Index

Exploring Accounts receivable transactions


The following section will explore the types of transactions of the Accounts receivable module. The transactions are divided into the following main categories:

  • Invoicing: The invoicing is divided into sales order-related and free text invoices. The Sales Order Invoice represents the invoices that are normally attached to a sales order (or sales orders). The sales order invoice could be the final invoice of the sales order. In that case, it is issued after delivering the goods. The free text invoice correction function is a newly introduced feature in Microsoft Dynamics AX 2012.

  • Payment: The second category is payment. This category consist of two types. The first type is prepayment transactions, which are considered as customer advances from clients of which could be assigned to sales order. The second type is customer payment, which is settled against customer invoice.

The following diagram will make things clearer:

Sales order invoice

The sales...