Scenario: Settle a partial vendor payment that has discounts on vendor credit notes [AX 2012]

Updated: November 8, 2011

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

Fabrikam’s vendors give cash discounts on credit notes. Vendor 3050 lets Fabrikam take a cash discount of 1 percent if an invoice is paid in 14 days.

On June 29, April creates an invoice for 1,000.00 for vendor 3050. On July 2, she creates a credit note for 200.00.

In the Vendors form, on the Action Pane, April clicks the Invoice tab, and then clicks Settle open transactions. She can use the Settle open transactions form to mark both the credit note and the invoice for settlement. A discount of 2.00 is calculated on the credit note. Therefore, the total value of the credit note is reduced to 198.00.

Mark

Use cash discount

Voucher

Account

Date

Due date

Invoice

Amount in transaction currency

Currency

Amount to settle

Selected

Normal

Inv-10070

3050

6/29/2015

7/29/2015

10070

-1,000.00

USD

-990.00

Selected and highlighted

Normal

CR-10070

3050

7/2/2015

7/29/2015

200.00

USD

198.00

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

Cash discount date

7/13/2015

Cash discount amount

2.00

Use cash discount

Normal

Cash discount taken

0.00

Cash discount amount to take

2.00

April clicks Update. She then reviews the completed settlement. April sees that 198.00 of the credit note was applied, and a discount of 2.00 was taken on the invoice. Therefore, the total is 200.00.

Mark

Use cash discount

Voucher

Account

Date

Due date

Invoice

Amount in transaction currency

Currency

Amount to settle

Selected and highlighted

Normal

Inv-10070

3050

6/29/2015

7/29/2015

10070

-1,000.00

USD

-200.00

Selected

Normal

CR-10070

3050

7/2/2015

7/29/2015

CR-10070

200.00

USD

198.00

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

Cash discount date

7/13/2015

Cash discount amount

-10.00

Use cash discount

Normal

Cash discount taken

0.00

Cash discount amount to take

-2.00

April can review the vendor transactions in the Vendor transactions form. (Click Accounts payable > Common > Vendors > All vendors. Select a vendor. On the Action Pane, click Transactions.) In this form, April sees that the invoice has a balance of -800.00. She also sees a credit note for 198.00 and a discount of 2.00.

Voucher

Transaction type

Date

Invoice

Amount in transaction currency debit

Amount in transaction currency credit

Balance

Currency

Inv-10070

Invoice

6/29/2015

10070

1,000.00

-800.00

USD

Inv-10071

7/2/2015

CR10071

200.00

0.00

USD

DISC-10071

7/2/2015

2.00

0.00

USD

DISC-10071

7/2/2015

2.00

0.00

USD


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