Accounts for automatic transactions (form) (Project Management and Accounting Add-in) [AX 2012]

Updated: September 28, 2012

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

Click General ledger > Setup > Posting > Accounts for automatic transactions.

Use this form to specify accounts for automatic transactions that are not set up elsewhere. These types of accounts are for rounding differences, vendor retention amounts, customer retention amounts, and so on.

The first time that you set up the accounts for automatic transactions, click Create default types. Entries are automatically created in the Posting type field. You can then select the corresponding main accounts and manually set up other accounts for automatic transactions.

The following tables provide descriptions for the controls in this form.

Field

Description

Posting type

Create posting accounts to store the amount that is retained when you invoice a customer or a vendor. The following two retention account types are automatically created when you click Create default types:

  • Customer payment retention receivable – Use this posting account to store the amount that is retained when you invoice a customer.

  • Vendor payment retention receivable – Use this posting account to store the amount that is retained when you invoice a vendor.

NoteNote

To create a retention posting account manually, click New, and then select the retention account type from the Posting type list.


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