Reverse settlements [AX 2012]

Updated: July 6, 2011

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

You can use the Closed transaction editing in several currencies form to reverse settlements for customers or vendors. You might do this if the wrong date or settlement amount was used. When you reverse a settlement, all transaction distributions that were involved in settling an invoice with a payment are reversed, such as general ledger postings, exchange rate gains or losses, penny differences, and cash discount transactions.

NoteNote

The original invoice and payment transactions are not reversed automatically when you reverse settlements. For information about how to reverse or settle those transactions, see Reverse a transaction or Settle transactions with payments.

  1. Click Accounts receivable > Common > Customers > All customers.

    –or–

    Click Accounts payable > Common > Vendors > All vendors.

    –or–

    Click Procurement and sourcing > Common > Vendors > All vendors.

  2. Select a customer or vendor account whose closed transactions you are reversing.

  3. If you are working with a customer account, click the Collect tab on the Action Pane, and then click Closed transaction editing.

    –or–

    If you are working with a vendor account, click Invoice on the Action Pane, and then click Closed transaction editing.

  4. In the Settlement reversal posting date field, select how to determine the settlement reversal posting date to use:

    • Latest date – Use the date of the most recent original settlement.

    • Today's date – Use today's date.

    • Selected date – Use the date that you specify. The date must be the same as, or later than, the date of the most recent transaction that is involved in the settlement.

  5. Select the line that contains the settlement to reverse.

  6. Select the Mark check box for an invoice or payment. The transaction that offsets the transaction that you have marked is selected automatically.

    NoteNote

    To preview the transactions that will be reversed, select a line, and then click Inquiry > Voucher.

  7. Click Reverse.


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

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