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Scenario: Settle a partial customer payment before the discount date with a final payment after the discount date [AX 2012]

Updated: October 12, 2011

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

Fabrikam sells goods to customer 4027. Fabrikam offers a cash discount of 1 percent if the invoice is paid in 14 days. Invoices must be paid in 30 days. Fabrikam also offers cash discounts on partial payments. For information about these setup parameters, see About parameters for settlements in Accounts receivable and Accounts receivable parameters (form).

On June 25, Arnie enters and posts an invoice for 1,000.00 for customer 4027. Arnie can view this transaction in the Customer transactions form. (Click Accounts receivable > Common > Customers > All customers. Select customer 4027. On the Action Pane, click Transactions.)

Voucher

Transaction type

Date

Invoice

Amount in transaction currency debit

Amount in transaction currency credit

Balance

Currency

FTI-10020

Invoice

6/25/2015

10020

1,000.00

1,000.00

USD

Customer 4027 wants to settle 300.00 of this invoice on July 2. The payment is eligible for a discount, because Fabrikam offers discounts on partial payments. Therefore, customer 4027 pays 297.00 and takes a 3.00 discount. Arnie can create a payment journal for this payment by opening the Accounts receivable Payment journal form. He selects a journal name, clicks Lines, and then enters a line for customer 4027. Arnie then clicks Functions > Settlement, so that he can mark payments for settlement.

Mark

Use cash discount

Voucher

Account

Date

Due date

Invoice

Amount in transaction currency debit

Currency

Amount to settle

Selected

Normal

FTI-10020

4027

6/25/2015

7/25/2015

10020

1,000.00

USD

297.00

Discount information is shown at the bottom of the Settle open transactions form.

Cash discount date

7/09/2015

Cash discount amount

10.00

Use cash discount

Normal

Cash discount taken

0.00

Cash discount amount to take

3.00

Arnie posts this payment. The invoice now has a balance of 700.00. Arnie can view this transaction in the Customer transactions form. (Click Accounts receivable > Common > Customers > All customers. Select customer 4027. On the Action Pane, click Transactions.)

Voucher

Transaction type

Date

Invoice

Amount in transaction currency debit

Amount in transaction currency credit

Balance

Currency

FTI-10020

Invoice

6/25/2015

10020

1,000.00

700.00

USD

ARP-10020

7/1/2015

297.00

0.00

USD

DISC-10020

7/1/2015

3.00

0.00

USD

Customer 4027 pays the rest of this invoice on July 11, which is after the discount period. In the Settle open transactions form, a discount amount is not displayed in the Estimated cash discount field, and the value in the Cash discount amount field is 0.00. When customer 4027 pays the remaining 700.00, no additional discount will be taken.

Mark

Use cash discount

Voucher

Account

Date

Due date

Invoice

Amount in transaction currency debit

Currency

Amount to settle

Selected

Normal

FTI-10020

4027

6/25/2015

7/25/2015

10020

700.00

USD

700.00

Discount information is shown at the bottom of the Settle open transactions form.

Cash discount date

7/09/2015

Cash discount amount

0.00

Use cash discount

Normal

Cash discount taken

3.00

Cash discount amount to take

0.00

If Arnie changes the value in the Use cash discount field to Always, the Calculate cash discounts for partial payments setting is overridden, and the discount is taken. The payment amount is 693.00, and the discount is the remaining 7.00.

Mark

Use cash discount

Voucher

Account

Date

Due date

Invoice

Amount in transaction currency debit

Amount in transaction currency credit

Currency

Amount to settle

Selected

Always

FTI-10020

4027

6/25/2015

7/25/2015

10020

700.00

USD

693.00

Discount information is shown at the bottom of the Settle open transactions form.

Cash discount date

7/09/2015

Cash discount amount

7.00

Use cash discount

Always

Cash discount taken

3.00

Cash discount amount to take

7.00

Arnie changes the value in the Use cash discount field back to Normal, because he is not letting this customer take the remaining discount of 7.00. For information about the Use cash discount field, see Settle open transactions - customer (form).

Arnie then posts the payment. When Arnie opens the Customer transactions form, he sees that the invoice has a balance of 0.00. He also sees that there are two payments. One payment is for 297.00 and has a 3.00 discount, and the other payment is for 700.00.

Voucher

Transaction type

Date

Invoice

Amount in transaction currency debit

Amount in transaction currency credit

Balance

Currency

FTI-10020

Invoice

6/25/2015

10020

1,000.00

0.00

USD

ARP-10020

7/1/2015

297.00

0.00

USD

DISC-10020

7/1/2015

3.00

0.00

USD

ARP-10021

7/11/2015

700.00

0.00

USD


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