I'm going to explain the Dynamics AX Standard Accounting entries for a sale order.The
ledger accounts listed on the Sales order tab pertain only to the item group
selected on the Overview tab. Use Packing slip accounts used only if Microsoft
Dynamics AX is set to post to the ledger when goods are delivered to a
customer. Once the invoice is generated, Microsoft Dynamics AX reverses the
Packing slip postings. You use Commission accounts used only if commissions are
set.
Let's have a look on the posting and nature of accounts that have been used.
Sales Order Accounting For Packing Slip:
Nature of Packing Slip
The inventory clearing account for shipped sales non-invoiced items. The account in this field is credited with the running average or standard cost of the item(s) when the sales order is packing slip posted. The offset to this is the account in the Packing slip offset field.
Sales Order Accounting For Sales
Commission & Discounts:
Enjoy the DAXING !!!!
Let's have a look on the posting and nature of accounts that have been used.
Sales Order Accounting For Packing Slip:
Voucher
No.
|
Posting
Type
|
Dr.
|
Cr.
|
Purpose
|
Voucher # 1
|
Packing Slip
|
Dr.
|
To record the Inventory dispatched to Customer.
|
|
Packing Slip Offset
|
Cr.
|
The inventory clearing account for shipped sales non-invoiced items. The account in this field is credited with the running average or standard cost of the item(s) when the sales order is packing slip posted. The offset to this is the account in the Packing slip offset field.
Nature of Packing Slip Offset
This
account is a control account and value in this field is debited with the value
of the item when the sales order is packing slip posted. This is the offset to
the account in the Packing slip field.
Sales Order Accounting For Customer
Invoices:
Voucher
No.
|
Posting
Type
|
Dr.
|
Cr.
|
Purpose
|
Voucher # 2
|
Packing Slip Offset
|
Dr.
|
Reversal of Voucher # 1.
|
|
Packing Slip
|
Cr.
|
|||
Voucher # 3
|
Consumption
|
Dr.
|
Accounting entry to record the actual inventory consumption.
|
|
Inventory Issue
|
Cr.
|
|||
Voucher # 4
|
Customer Balance
|
Dr.
|
To record the revenue for the customer invoice.
|
|
Sales Order Revenue
|
Cr.
|
Voucher
No.
|
Posting
Type
|
Dr.
|
Cr.
|
Purpose
|
Voucher # 5
|
Commission Expense
|
Dr.
|
To record the Commission Expense and Payable.
|
|
Commission Payable
|
Cr.
|
|||
Voucher # 6
|
Discount on Sales
|
Dr.
|
To record the Discount on sales
against customer balance.
|
|
Customer Balance
|
Cr.
|
Enjoy the DAXING !!!!
Very useful information thanks for sharing
ReplyDeleteTally Training
This comment has been removed by the author.
ReplyDeleteThanks for sharing
ReplyDeleteDear Author,
ReplyDeleteI see the different entry in my AX for PACKING SLIP:
Voucher 1 entry as :
Offset Packing Slip Account DR.
Packing Slip Account CR.
Voucher 2 entry as (reverse of Voucher 1):
Packing Slip Account DR.
Offset Packing Slip Account CR.
Other Vouchers are same !
Kindly share your suggestions !
Hi
ReplyDeleteRegarding packing slip and offset,
As shown in journal entry:-
Packing slip debit
offset packing Credit
BUT while explaining you with nature of accounts:-
Packing slip credit
Offset packing Debit Which is actual correct.
Please confirm, thanks
Thank You for giving information about entries.
ReplyDeletegreat info about accounting get the best simple bookkeeping for small business
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