Account Payable Business Process in Microsoft Dynamics AX

Microsoft Dynamics AX

Account Payable Business Process in Microsoft Dynamics AX

In this blog we are explaining the basics of the account payable, configuration and which module integrates with the account payable.
Account payable manages purchase order, vendor account, purchase invoice, purchase packing slip, vendor invoice, Payment Journal, and Return Purchase order etc
Account payable provides the settlement functionality; in this functionality you can settle invoices with payment.

Account Payable Process:

Account Payable Covers:
  • All Vendor Account
  • Purchase Order
  • Purchase Quotation
  • Return Purchase Order
  • Payment Journal

Account Payable Integrate with:

  • General Ledger
  • Procurement Sourcing
  • Microsoft Excel

For the Configuration Step by Step it will be executed

  1. Configure the basic setup in account Payable configuration like vendor Group, Posting Profile, Parameters and other types of account payable information
  2. Create vendor based on the information
  3. Create Purchase order, create purchase quotation, and create return purchase order in account payable for the vendor
  4. And posting the packing slip, invoice in Purchase order
  5. Create payment in payment journal for the vendor
  6. And generate inquiry or report based on the account Payable data
  7. In account payable we can settle the invoice with payment

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