Hi All,
We are about to implement AX 2009 in one of our client. We will be
using Accrual
Accounting and would use option - Physical revenue and Physical Purchase opton
under Inventory Model Group.
We are using Service Item for 3 way matching in case of Services like Traveling
Expenses, Freight and all other expenses.
How can we do Year End Closing for all such PO's which are posted till GRN
stage
(with Accrual Purchase entry) at the year end, then how such PO during
invoicing
in next year will be accounted.
Required entry in Year 1 are:
During GRN:
Exp AC Dr
Accrue Exp Cr
During Invoice:
Accrue Exp Dr.
Vendor CR.
In case Year 2 comes and only GRN is posted, there is no issue as Acc Exp will
get Dr.
In AX, how can we meet this entry considering Year end closing activity where
Invoice should do the following entry and not GRN reversal entry:
During Invoice (in Year 2):
Accrue Exp Dr.
Vendor CR.
Regards
Dyne
