Accounting for stocked items on product receipts and vendor invoices (White paper) [AX 2012]
Updated: February 1, 2013
Applies To: Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
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. Part of the process updates accrued liability or liability accounts and uses the new accounting framework that was added in Microsoft Dynamics 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. Both processes update the general ledger, but they do not interact with each other. This means that now, when a stocked item is received or invoiced in Microsoft Dynamics AX 2012, two vouchers are created. Examples illustrate the way that the inventory posting works.