Harry, first of all, let me say that although it is accepted practice, I can
not imagine why anybody would do it that way. You're right, they would have to
dig up the old invoices, unless the misc. charges is recorded elsewhere in
Axapta. The way I have seen it implemented in the past is like this:
- MarkupTrans are calculated, but posted on a balance sheet account.
- When the user decides to pay the invoice the payment amount is then
recorded, the misc. charge portion they paid is now posted to P&L, and any
discrepancy is reversed and disappears.
This way you actually allow the customer to choose way misc. charges to pay,
and which ones not to pay. It's a crazy system, but some companies have agreed
to this with their customers, an they must now live with it, or potentially
lose their customer's business. Isn't it be that you, the customer, can decide
whether you want pay S&H etc. or not after you receive the goods? ;-)
You have no idea what crazy practices I see, especially here in the US!
Practices that would never be allowed to go on in European countries such as
Denmark, Germany, France -- I do not have enough knowledge about New Zealand or
Australia.
-----Original Message-----
From: Harry Deshpande [mailto:[EMAIL PROTECTED]
Sent: Wednesday, January 19, 2005 5:07 PM
To: Axapta-Knowledge-Village@yahoogroups.com
Subject: RE: [Axapta-Knowledge-Village] RE: markuptrans with amount zero
hi
out of academic interest!
Does this affect payment recovery in any way?
The invoice amount is going to be different than what you want to recover from
customer. So every time one wants to followup one will have to dig up printed
invoices( i assuming dummy misc charges are printed straight on the invoices).
Plus every time a customer pays one has to dig up invoices matcht the excess
amount with dummy misc charges and do appropriate postings, reconciliations
etc. This will need hiring of one more staff so the advantage of deferring tax
payments is practically nullified.
would appreciate your comments
regards
harry
-----Original Message-----
From: Jesper Kehlet [mailto:[EMAIL PROTECTED]
Sent: Thu 20/01/2005 10:53 a.m.
To: Axapta-Knowledge-Village@yahoogroups.com
Cc:
Subject: RE: [Axapta-Knowledge-Village] RE: markuptrans with amount zero
If you're a cash-based, GAAP-compliant operation, this is actually a acceptable
procedure, although most companies would let it hit their books on the balance
sheet, reversing it to P&L when payment was record.
For small businesses that has tight cash-flows this is a great way of deferring
tax payments for inventory you sell as payments cross over into a new fiscal
year.
-----Original Message-----
From: Harry Deshpande [mailto:[EMAIL PROTECTED]
Sent: Wednesday, January 19, 2005 3:35 PM
To: Axapta-Knowledge-Village@yahoogroups.com
Subject: RE: [Axapta-Knowledge-Village] RE: markuptrans with amount zero
hi
So if the customer pays the misc charges then they are recorded in the
accounting system.hmm... interesting concept.
regards
harry
-----Original Message-----
From: Cenk Ince [mailto:[EMAIL PROTECTED]
Sent: Wed 19/01/2005 8:20 p.m.
To: Axapta-Knowledge-Village@yahoogroups.com
Cc:
Subject: YNT: [Axapta-Knowledge-Village] RE: markuptrans with amount zero
Hi harry
It will be easy to use it because i want my records to be linked to invoice and
to be removed form salesorder after billing.
So it will be easy to use markuptrans. One more reason they are real misc.
charges which is not shown in my Accounting System but which is shown to
customer.
Thanks.
_____
Kimden: Harry Deshpande [mailto:[EMAIL PROTECTED]
Gönderilmis: Sal 18.01.2005 22:04
Kime: Axapta-Knowledge-Village@yahoogroups.com
Konu: [Axapta-Knowledge-Village] RE: markuptrans with amount zero
Hi
It should not create any problems for axapta (other than filling up the
database).
Why do u need to create these transactions? (just curious)
Regards
harry
Harry Deshpande
Senior Consultant
CGNZ Middle Market Solutions
Website: <http://www.cgnz.com/middlemarketsolutions>
www.cgnz.com/middlemarketsolutions
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From: Cenk Ince [mailto:[EMAIL PROTECTED]
Sent: Wednesday, 19 January 2005 7:12 a.m.
To: Axapta-Knowledge-Village@yahoogroups.com
Subject: markuptrans with amount zero
Hi all
I want to use markuptrans with AmountCur "0" zero. It craetes voucher but the
value AmountCur is "0".
Does it make any problem for or axapta, because for some reason i will insert
hundreds of these markuptrans records every month.
Thanks.
Sharing the knowledge on Axapta.
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