Account Payables

 

Hi guys,
after long time i am again started publishing about my/our leanings. as i said earlier please try to post your comments on below specified article.

Today we will learn about Accounts payable module. AP is also got too many changes in 2012,
We use AP module to track all invoices and outgoing expenditures to vendors.Just like 2009 we can create  vendor groups, vendors, posting profiles, various payment options, parameters regarding vendors, charges, deliveries and destinations, promissory notes, and other types of Accounts payable information in 2012 also.

2012 AP is divided into two modules, they are

1. AP.
2. Procurement and sourcing.

Procurement and sourcing is a beautiful concept which has implemented in 2012. Procurement and sourcing, and AP are are interlinked modules. 

In-order to work with AP, we have to configure following things in the AP module as Master data.

Accounts payable parameters

Form setup

Methods of payment - vendors

Terms of payment

Vendor groups

Vendor posting profiles

In the next posting we will learn about Each Setup.

Modules and its importance

In previous post we have seen all the modules which are involved in the Ax-2012. In today's post we will learn about each module importance and new changes that were brought into Ax-2012... Please post if you want to add any thing that is important.

Account Payable:- 

We will start with prerequisites to setup the AP module,

Prerequisites

Set up the following modules:

• System administration (Administration)
  
• Organization administration (Basic)
  
• General ledger
  
  • To use the payment journals, we must first set up payment journals. (Click General ledger > Setup > Journals > Journal names.)
    
  • To run exchange rate adjustments, you must set up currency codes in the Currencies form, exchange rate types in the Exchange rate types form, and currency exchange rates in the Currency exchange rates form.
    
• Cash and bank management (Which is separated from General ledger), set up bank accounts to use with methods of payment.
  
  

Modules in AX 2012

As every one knows that AX-2012 is got released and it came with Very good features. As a ERP  Product/Application from Microsoft, has already got the very good rating from the Industry experts. Definitely this version will rock.

We will start learning with knowing the Modules (New) in Ax-2012,
Ax-2012 is having total of 20 modules with Lot and Lot of changes in it, they are

1. Account Payable
2. Account Receivable
3. General Ledger 
4. Budgeting (New Module)
5. Cost accounting
6. Fixed assets (New Module)
7. Cash and Bank management (New Module)
8. Travel and expanse (New Module)
9. Compliance and internal control (New Module)
10. Human resources 
11. Procurement and sourcing (New Module)
12. Product information management  (New Module)
13. Master planing
14. Production control
15. Inventory and Warehouse management
16. Sales and Marketing (New Module)
17. Project management and accounting 
18. Service Management 
19. Organization Management (Basic)
20. System Administration (Administration)

In the Next post we will learn the each module importance.

Get easyTips on 2012

Get the whats new in Ax-2012. We are group of Functional's and Developers who send the Latest/New happenings/Leanings in Ax-2012.


You can send your doubts to get answers from experts.

Thanks for visiting our Blog