About settlement type

  • Article

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

You have the following options when you work with settlement types:

  • If you choose None, the records will not be settled.

  • If you choose Open transactions, the entries will be settled automatically with open transactions, according to the FIFO principle.

  • The settlement type changes to manual settlement if you decide to settle the records manually by using the Set up > Settle open transactions menu item. When you enter vendor invoices, you can thus balance a vendor invoice against previously entered or open on-account payments or credit notes. You also can balance a credit note against one or more vendor invoices.

Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).